The office will open with immediate effect, led by experienced energy and project finance partner Matthias Voss. Working with Matthias in Seoul will be Jean Lee, an energy and projects partner, and Counsel Kyu Bang.
Commenting on the launch, managing partner of Allen & Overy’s Seoul office, Matthias Voss, said: “South Korea is one of the key players in the global economy – it is ranked 13th in the world by GDP, but importantly is ranked ninth by imports and sixth by exports. The strength of inbound and outbound trade flows are why we have been working with clients here for over three decades. Establishing a presence on the ground will enable us to bring the full weight of our international network combined with our deep sector expertise and product knowledge to bear for clients located here or wishing to invest. It will also enable us to continue to broaden the scope of work we offer our clients, not just in projects, capital markets and M&A but also in areas such as such as antitrust, arbitration and IP.”
Wim Dejonghe, global managing partner, added: “The pivotal role South Korea plays in the global economy means we are seeing growing demand from clients for both inbound and outbound advice in this market. The crucial ingredient to opening in any market is always ensuring we have the best quality people who are able to meet the demands of our clients. The product and sector expertise offered by Matthias and Jean supported by Kyu will enable us to tap into the huge opportunities to work for Korean clients across a number of sectors, particularly energy and infrastructure.”
The Seoul office further strengthens Allen & Overy’s strategy and platform in Asia. The launch also underlines its commitment to supporting key clients in high growth markets such as South Korea.
Under the terms of the regulatory approvals Allen & Overy will not offer local Korean law advice and looks forward to continuing to work with local relationship firms.
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