As South Korea/US FTA ratified, Cleary and Paul Hastings confirm plans to open in region

Cleary Gottlieb Steen & Hamilton and Paul Hastings look set to be among the first law firms to launch in South Korea, with both firms confirming plans to open in Asia's fourth-largest economy.

The news comes after a free trade agreement (FTA) between South Korea and the US was ratified by both governments late last month, paving the way for the country's legal market to open up to US law firms for the first time.