South Korea’s legal services market has surged past 10 trillion won ($6.7 billion) for the first time, marking a significant growth period fueled by an increase in corporate legal advice demand. This expansion is largely a consequence of newly implemented stricter regulations across various industries, compelling businesses to seek more legal counsel.
Adding to this momentum, major law firms in the country have strategically pivoted towards offering consulting-oriented services. This shift allows them to leverage their expertise in new ways, catering to the evolving needs of their clients and contributing to the overall market’s ascent. This robust performance in the legal sector contrasts sharply with the current challenges faced by the accounting industry in South Korea.
About the Author
