The Korean Ministry of Justice has awarded international law firm Stephenson Harwood LLP its licence to practice in Seoul.
Michael Kim, who joined the firm in February 2014, has led the successful application and will be Managing Partner of the office following its opening. Michael has a leading reputation in the Korean market, including experience in shipping, ship finance, shipbuilding and offshore and general commercial litigation and arbitration matters.
Opening in Seoul will enable Stephenson Harwood to develop its existing Korea practice, where the firm acts for some of the largest conglomerates across shipping, ship-building and ship finance work, banking, and trade sectors. Clients include the Export-Import Bank of Korea, STX Corporation, Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Merchant Marine (HMM).
Michael Kim commented: "Korea is a key market for Stephenson Harwood and one where both the firm and I personally have many clients. Our new office will enable us to further strengthen our presence and provide closer contact to these clients."
Sharon White, CEO of Stephenson Harwood added: “We are very pleased to have received approval from the Korean Ministry of Justice. South Korea is a very important market for us and having Michael head our new office further bolsters our presence and capability in the region, bringing us closer to our clients and the local market. The new office will create further business opportunities for our existing offices and associations in Asia and for our wider international business."
Stephenson Harwood will now move forward with obtaining the additional regulatory clearances required for the new office, in anticipation of the office opening in the autumn.
Stephenson Harwood has offices and associations across Asia – with offices in Greater China and Singapore and a formal law alliance with Virtus Law in Singapore. The firm also has associations with U Tin Yu & Associates in Myanmar and Christian Teo Purwono & Partners in Indonesia.