Business · Companies · 2 hrs ago

Kim & Chang chief says firms need broader cross-border legal support

Kim & Chang chief says firms need broader cross-border legal support

Kim & Chang chief lawyer Jung Kye-sung says global business risks are multiplying, including sanctions, export controls and trade disputes.

The South Korean law firm has expanded from advising on foreign investment into Korea to coordinating legal help for clients working across borders.

Companies may need to check sanctions, permits and local rules before entering a market, so firms need joined-up advice across countries and specialties.

Kim & Chang has formed new teams and centers for areas including tax, financial risks, data centers and advanced industries.

Jung said prolonged investigations can disrupt company activity, including by affecting bids or visa applications for executives.

He said the firm will watch how changes to South Korea’s criminal justice system affect legal practice, while using AI to handle repetitive work and leave legal judgment to experienced lawyers.

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What people are saying

Jeong Gye-seongKim & Chang managing partner
Law firms need to analyze the laws and regulations of several countries comprehensively, help clients make decisions and offer workable solutions.
via Yonhap
When an investigation or trial is under way, business activities can be disrupted.
via Yonhap
The purpose of introducing AI is to support lawyers’ professional judgment and provide clients with more efficient legal services.
via Yonhap