Baker & McKenzie has Applied to the Korean Authorities to Open Seoul Office
20 November 2012
Global, 20 November 2012 − Baker & McKenzie, the leading global law firm, today announced that it has applied to the Korean authorities to open an office in Seoul, Korea.
Lawyers in the Firm's Seoul office will extend the Firm's significant international offering to Korean clients across a number of industries. This includes advice on their outbound legal matters, such as development, acquisitions and financing of overseas projects and enterprises, antitrust matters, intellectual property rights, disputes and international capital requirements. With Baker & McKenzie's global reach and presence in energy-rich countries in South-east Asia, Middle East, Latin America, Africa, Australia, China, Russia and Central Asia, the Firm is positioned to assist Korean companies in the energy, mining and infrastructure sectors with their international aspirations across the globe.
With the approval of the Korean regulatory authorities, this will be the Firm's 73rd office globally, and the 15th in Asia Pacific. The opening of the Seoul office will reinforce the unrivalled breadth and depth of coverage of Baker & McKenzie in Asia Pacific and globally.
"Korean companies have been extraordinarily successful in expanding into international markets, and we look forward to continuing to assist them with their outbound aspirations”, said Eduardo Leite, Chairman of Baker & McKenzie's Executive Committee. "After many years of working with Korean clients in many parts of the globe, we will now have the opportunity to service our clients more efficiently and effectively with a base in Seoul. We will continue to invest where our clients need us, and to provide them with the skills and experience they need in areas with the greatest potential for growth."
Once the approval from the Korean regulatory authorities has been granted to open the Seoul office, Nam Hung Paik, Baker & McKenzie’s veteran transactional lawyer with 25 years' experience, will serve as the representative of the new office.
Won Lee, leader of Baker & McKenzie's Korea practice, stated, "Korea is a very important market for Baker & McKenzie. We look forward to extending our extensive global capacity to our Korean clients, with the approval of the Korean authorities."
Baker & McKenzie has a well-established reputation advising Korean companies on their outbound investments and has been cited by a number of publications for the Firm's Korea outbound practice, including Asia Pacific Legal 500, Chambers Global and Chambers Asia, and PLC Which lawyer?.
Upon the anticipated opening in Seoul, Baker & McKenzie will have 15 offices in 12 jurisdictions in Asia Pacific, maintaining its position as the Firm with the broadest reach in the region. Seoul will be Baker & McKenzie’s sixth new office in the past 20 months. The other new offices are Lima, Casablanca, Johannesburg, Istanbul and Doha.