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Like in other countries in Asia, Korean law firms found themselves affected by the COVID-19 outbreak, but they moved swiftly to mitigate the impact, and ensure business continued as smoothly as possible. In this roundtable, leaders of three of the largest Korean firms talk about the year so far, and the lessons they will take from the experience.
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In March this year, the Korean market will see the end of the first phase of its market liberalisation, and UK and U.S. firms have already opened up offices there. In the face of a slowing economy and increasing competition, how are domestic Korean law firms adapting their strategies to keep growing their business? Ranajit Dam speaks to senior figures at three law firms – Kye Sung Chung of Kim & Chang; Sung Jin Kim of Bae, Kim & Lee; and Seung Soon Lim of Yoon & Yang – to get their perspective.