韩国世宗律师事务所近日在上海设立了其第二间中国代表处,从而成为在上海设有代表处的第四家韩国律所。该所上海代表处由合伙人Byoung Seon Choe负责管理。
四年前,世宗在北京设立了代表处。近年来不断增长的中韩贸易和商务往来,以及中国公司对在韩国上市融资的浓厚兴趣是促使世宗设立第二家中国代表处的主要原因。
The continuous intra-Asia deal flow in China have tempted Korean firm Shin & Kim to launch a second China office in Shanghai, four years after its debut in Beijing.
With its new Shanghai representative office, the firm is aiming to get closer to local clientele – both the Shanghai-based subsidiaries of Korean companies, and Chinese companies looking to invest in Korea – and target corporate, M&A and capital markets work.
Shanghai partner Byoung Seon Choe will be supported by a Chinese lawyer and lawyers from the firm’s China practice, based in Seoul.
Shin & Kim said the latest expansion was prompted by an expected growth in appetite by Korean corporate for investments in China. Trade is flourishing between the two nations – China last year became South Korea’s largest trading partner, taking 24% of its exports.
Local firms have also noted a significant amount of deals happening between China and Korea. Shanghai-based firm Chen & Co recently facilitated the acquisition of a domestic retail chain by the Lotte Group in Korea. ALB
• Currently, ten PRC companies are listed on the Korea Stock Exchange (KRX)
• Korean lawyers note more in the pipeline for PRC companies’ IPOs on the KRX
• According to investment consultant firm Xinhua Capital, up to 40 PRC companies are preparing for listings in Korea
• Chinese SMEs are finding the KRX an attractive option because of competitive fees and Korean investors’ strong appetite for foreign equities
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Chinese companies on the KRX
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Company
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Listed
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Market
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3NOD Digital
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Aug-07
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KOSDAQ
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HuaFeng Textile
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Nov-07
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KOSPI/ HKEx
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Cowell Electronic
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Jan-08
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KOSDAQ
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Union Tech
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Dec-08
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KOSPI
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China Food Packaging
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Mar-09
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KOSDAQ
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China Ocean Resources
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May-09
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KOSPI
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China Great Star
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May-09
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KOSDAQ
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China Engine Group
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Dec- 09
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KOSDAQ
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China Hao Ran Recycling
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Feb-10
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KOSDAQ
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Related stories:
Shanghai legal market numbers
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2009
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2008
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Number of lawyers
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11,212
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10,168
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Number of law firms
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994
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936
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• Shin & Kim (Beijing, Shanghai)
• Bae Kim & Lee (Beijing, Shanghai)
• DeRyook (Shanghai)
• Dong Bao Lawyer (Shenyang)
• Jisung Horizon (Shanghai)
• Lee & Ko (Beijing)
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- Firms breathe life into largest ever IPO by Korean company (13 May 2010)
- Nishimura opens first overseas office in Beijing (3 June 2010)