39 · Regional practices · Séoul · cross-border
Korea practice
What assistance changes in this practice, what it does not change, and the time reduction actually observed.
Where the gain is real
Bilingual document review, comparison of clauses against local standard, tracking of group reporting obligations.
Where it is slight or nil
Relations with Korean groups, negotiating on the ground, local business custom.
Observed time
−33% at constant case scope, on cases closed over the last three financial years. This measure says nothing about the quality of the outcome.
What the practice covers
- Bilingual Korean-English document review and translation checking
- Comparison of clauses against local standard and market practice
- Inbound and outbound investments, joint ventures and distribution
- Tracking of group reporting obligations and of sector approvals
- Interaction between Korean, European and U.S. proceedings