Indonesia

South Korea is currently the third biggest investor in Indonesia (after Singapore and Japan) with an aggregate total investment of US$7.5 billion over the last five years (2012-2017) comprising some 7,607 projects in the country. Korean companies, including financial institutions, are actively working on ways to advance into Southeast Asia, and Indonesia has seen a rapid increase in demand for legal services.

Pixabay_jakarta

In light of this trend, South Korean law firm Yulchon has announced it is establishing a ‘Jakarta Desk’ together with Roosdiono & Partners (R&P) in the Jakarta office of the latter, from which the firm’s attorneys will provide support and legal services for both Korean companies investing in Indonesia and vice versa. Yulchon’s Min Taek Lim (a US-qualified attorney) and Min Woo Baek, a Korean attorney fluent in Indonesian, will dedicate their time to the Jakarta desk from this June.

Founded in 1999, R&P is a leading Indonesian firm and member of ZICO Law, a network of independent local law firms with a full presence in all 10 ASEAN countries.

Yulchon is the first among the ‘big 5’ law firms in Korea to establish a Jakarta desk. The firm has taken a lead in engaging in overseas jurisdictions, having already established overseas offices in Vietnam, China, Myanmar and Russia. Yulchon was recently named the 2017 In-House Community Visionary Law Firm – Asia at an awards ceremony in Hong Kong.

[sharethis]
Tags: Indonesia, South Korea
Related Articles by Firm
Oil price volatility - global employment issues
Amidst the oil & gas layoffs, the industry has to ensure that it has the manpower skills in place to respond to demand when oil prices recover.
The Singapore approach to scrutiny of arbitral awards
International arbitration must, out of necessity, rely on the courts to uphold and enforce arbitral awards and to support the arbitral process...
The new CIETAC Arbitration Rules 2015
The New Rules adopt both best practices and the latest developments in international commercial arbitration and accommodate the increasing needs of the parties arbitrating at CIETAC.
Related Articles
The In-House Community Counsels of the Year Awards 2017
The In-House Community presented Trevor Faure the In-House Community In-House Achievement Award for his outstanding contribution to the world-wide in-house community at the 2017 In-House Community Awards & Celebration ...
Linklaters to join Shanghai FTZ crowd
A 'best friends' deal with newly created firm Zhao Sheng will make it the latest international firm with a presence in the free-trade zone.
Related Articles by Jurisdiction
New import rules for cell phones in Indonesia
Indonesia’s Minister of Trade has issued a new regulation that specifically governs the importation of, among other items, cellular telephones …
Latest Articles
Asia gears up for international arbitration
Developments across the region are supporting the development of alternate dispute resolution mechanisms that will promote further investment into Asia’s ...
Q&A - Katherine Yap, chief executive of Maxwell Chambers
Singapore’s Maxwell Chambers is an integrated dispute resolution complex housing best-in-class hearing facilities and support services, as well as top international alternate dispute resolution (ADR) institutions. ...
Third-party funding in Asia
Asian-mena Counsel speaks to Tom Glasgow, investment manager for Asia at IMF Bentham, about the environment for third-party funding in the region...