Posted Sep 26, 2012 02:39 pm CDT
Three U.S.-based law firms—Cleary Gottlieb Steen & Hamilton, McDermott Will & Emery, and Paul Hastings—received approval from South Korea’s Ministry of Justice to open offices in Seoul.
The firms must now register with the Korean Bar Association before formally launching their new offices, according to the Lawyer and news releases.
Applications for firms opened earlier this year when a new trade agreement allowed foreign firms to open law offices in South Korea.
U.K.-based Linklaters also plans to file an application.