Simpson Thacher & Bartlett LLP announced today that it will officially open its office in Seoul, Korea in October 2012. The Firm’s registration with the Korean Bar Association as a Foreign Legal Consultant Office was approved on September 18, 2012 following the approval by the Korean Ministry of Justice.
“The opening of our Seoul office reflects our continued commitment to the Korean market and to our clients who are active in the region,” said Pete Ruegger, Chairman of the Firm’s Executive Committee. “Our ability to serve clients will be enhanced by the local presence of our dedicated Korea team with the support of and full access to the Firm’s integrated global resources.”
Jin Hyuk Park, the head of the Firm’s Korea Practice Team, added, “We are excited to open an office in Seoul so that we may better serve our clients and friends in this incredibly dynamic country.”
For over 20 years, Simpson Thacher’s Korea practice has been active in capital markets, mergers and acquisitions and private equity investments, both public and private, inbound and outbound. The practice is well-balanced in providing legal services to issuers and underwriters, purchasers, sellers, lenders and financial and strategic investors alike. The Firm is also active in litigation and other dispute resolution matters on behalf of Korean and other clients in their matters involving Korea.
Corporate partner Youngjin Sohn will lead the Seoul office. He will be joined in Seoul by several associates who will relocate from the Firm’s Hong Kong office. “We are excited about this great opportunity to serve our clients at close proximity and confident that this will deepen and widen the Korean practice that we have built over the past 20 years,” said Mr. Sohn. Both Mr. Sohn and Mr. Park have been dedicated to Korean transactions for well over a decade.
Simpson Thacher’s Korea team consists of ten lawyers currently in Hong Kong, all of whom are completely bilingual in Korean and English and fully dedicated to work on Korean transactions. Simpson Thacher’s Korea practice is also supported by over 20 additional bilingual lawyers in its other offices. Simpson Thacher’s Korea team is well-versed in the corporate culture and business practices in Korea.
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