Skadden Arps Slate Meagher & Flom has become the latest international firm to establish a base in Seoul.
Skadden’s newly opened Seoul office is the firm’s seventh in Asia pacific and 23rd worldwide. It will be led by the firm’s head of Korea practice Young Shin, a corporate partner who was previously based in its New York office. He will be joined by three lawyers in Seoul initially.
“Skadden has a long history of advising a diverse range of Korean and international clients on Korea-related business matters and legal disputes,” said Eric Friedman, Skadden executive partner, in a statement. “The opening of our Seoul office enables us to deepen our ongoing commitment to the Korean market.”
Skadden is the 19th foreign firm to have received the approval to open a foreign legal consultant office in Seoul by the Ministry of Justice since the market first opened up in 2012 (6 March 2012). Of all the foreign firms in Seoul, 14 are US and five are from the UK.
Baker & McKenzie and Linklaters most recently opened there (2 May 2013) while Stephenson Harwood is applying for a licence following its hire of DLA Piper’s Seoul office head Michael Kim earlier this year (7 February 2014).