Cleary Gottlieb Steen Plans To Expands Its Hold In Seoul
Cleary Gottlieb Steen & planned to open a Seoul office after the finalization of a free trade agreement between South Korea and the United States. The Seoul office is expected to open in the first half of 2012. Hong Kong partner Yong Guk Lee and counsel Jay Hoon Choi will manage the new outpost initially. The firm is planning to move most of its 17-lawyer Korea team from Hong Kong to the Seoul in the next two to four years. This free trade agreement allows U.S.-based law firms to advice on U.S. and international trade law opening the doors to local alliances with Korean law firms.