BKL’s Inter-Korean Relations and Inter-Korean Economic Cooperation Special Team - Advises Companies Participating in the Inter-Korean Economic Cooperation Business by Passing on 20 Years’ Worth of Firsthand Knowledge
In response to the demand for a variety of legal services that stem from inter-Korean and international economic cooperation as well as the process of realization of the New Economy Framework of the Korean peninsula, BKL expanded and reorganized the pre-existing North Korea Team to form the “Inter-Korean Relations and Inter-Korean Economic Cooperation Special Team (“Special Team”).”
In 2002, BKL was the first law firm in Korea to launch a North Korea Team to better provide legal services following the first inter-Korean summit in 2000, and the construction commencement of the Kaesong Industrial Complex in 2004 all of which were milestone events demonstrating progress in the inter-Korean relations and the start of economic cooperation between the two Koreas.
The newly updated Special Team, the largest international affairs team in the industry, consists of 40 professionals of various practice areas, including corporate practice, industrial practice, energy, development and construction, cultural tourism, fiscal policy and finance, taxation, US, China, Russia, EU, Japan, and Southeast Asia. The Special Team provides comprehensive and systematic legal services to domestic companies as well as foreign entities that wish to expand to North Korea.
Attorneys of the Special Team are active members of the legal counseling committee of Kaesong Industrial Complex of the Ministry of Unification and Kaesong Industrial District Management Committee. In 2005, the Special Team published “Explanations on Laws and Systems of Kaesong Industrial Region,” a comprehensive commentary on the laws and regulations of South and North Korea that apply to the Kaesong Industrial Complex. To this day, this book is widely read and referred to among public officials, company officials, and attorneys who engage in work related to the Kaesong Industrial Complex.
On June 19, BKL and Korea Legislation Research Institute (“KLRI”) entered into a Memorandum of Understanding (MoU) for mutual exchange in the area of National unification legislation. On June 22, BKL held a seminar on the strategies for the promotion of inter-Korean economic cooperation following the change in the state of affairs in the Korean peninsula, and provided companies with information about investing in North Korea.
Currently, BKL also actively engages in pro bono activities related to North Korea, which includes helping North Korean refugees to settle in South Korea. Along with its public interest foundation, Dongcheon Foundation, BKL represents North Korean refugees in civil and criminal cases, and provides legal support for issues related to education facilities for North Korean refugee children.
Based on its 20 years of experience and firsthand knowledge, the Special Team will be a solid companion and provide all necessary legal services for the upcoming inter-Korean economic cooperation project.
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