UPDATE: 12/5/11, 8:00 a.m., EDT. The names of the lawyers from Kim & Chang have been added to the eighth paragraph of this story.
South Korea may be a hot market for U.S. law firms seeking to break new ground in Asia these days, but for several years it’s been a legal quagmire for a Dallas-based private equity firm that bought a controlling stake in one of the country’s biggest financial institutions for $1.5 billion in 2003.
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