Ashurst and law firm HwaHyun has established a joint venture, which secured the Ministry of Justice’s approval on 29 November 2022, to expand its outbound Korean practice.
Paul Jenkins, Global CEO of Ashurst in Sydney, said Asia is a critically important part of the firm’s strategy and the joint venture in South Korea reflects its ambitions in the market.
“Over the past 12 months, we have seen a strong performance in Asia, which we expect to continue,” said Jenkins. “By combining Ashurst‘s global strength with HwaHyun’s local expertise, the joint venture will help us serve our clients with their inbound and outbound business opportunities.”
HwaHyun is a full-service Korean law firm that specialises in corporate, IP, technology and dispute resolution.
Co-managing partners Shin Kyung-Shik and Seong Nak-Song lead the firm. Shin spent 27 years in public service, including as the chief prosecutor of the Suwon District Prosecutors’ Office, while Seong served as a judge for more than 30 years.