Ashurst has announced via a media note plans to launch in Korea through a new joint venture JV with local law firm, HwaHyun.
The JV, which was approved by the Korean Ministry of Justice on 29 November 2022, makes Ashurst the first global firm permitted to practise Korean law since the country began to liberalise its legal market in 2011, the firm said in the announcement.
However, it is understood that the move follows that of global peer, Dentons, which in 2019 announced a partnership with domestic law firm, Lee International, to launch legal services in the market.
Initiated through a 2011...
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