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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.
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Korean law firm Bae, Kim & Lee (BKL) has appointed Sung Jin Kim as its new managing partner. Kim succeeds Yong-Hyeon Kang, with his three-year term scheduled to commence from Jan. 1, 2015.