South Korea Moves to Loosen Regulations on Legal Trade
The Korean government is planning a major deregulation of the nation's legal and other professional services markets, the Korea Herald reports. A number of measures aimed at reducing regulation have been recommended to the government by the Korean Development Institute, a think tank. Perhaps most controversially, the KDI has proposed that non-lawyers and conglomerates be permitted to own stakes in law firms. Local bar groups are not happy about the move toward less regulation of the trade.
