Sejong Law Firm, led by Managing Partner Oh Jong-han, successfully held a joint seminar on Korea-Russia business law support on October 15 at the GR conference room on the 24th floor of the Sejong D Tower in Jongno-gu, Seoul, in collaboration with the Russian Federal Bar Association.
The seminar aimed to strengthen the ongoing and close cooperative relationship between Sejong and the Russian Federal Bar Association. The two organizations shared the latest legal practices from both countries based on their well-established friendly network and expert infrastructure, discussing key issues and practical challenges related to Korea-Russia business activities in the rapidly changing global environment.
Aleksei Stukalov, a foreign attorney from Sejong's Eurasia team, led the presentations. He explained the major legal and regulatory considerations that Korean companies face when investing in or operating in the Russian market, as well as the legal issues that Russian companies should be aware of when entering or investing in the Korean market, from a comparative legal perspective.
The seminar particularly focused on core issues that companies encounter during decision-making, such as designing safe transaction structures under international sanctions and export controls, practical aspects of establishing and operating local entities, and key considerations during contract negotiations and optimal dispute resolution methods. This focus garnered significant interest and engagement from attendees.
The subsequent discussion featured foreign attorneys Shin Jun-ho and Baek Dong-hwa from the Eurasia team as designated discussants. Legal experts from both countries exchanged diverse opinions on various regulatory environments applicable to Korea-Russia business activities, legal elements to consider in international transactions, and potential future cooperation between the two nations.
They also engaged in in-depth discussions about special legal issues that may arise as Korea-Russia business cooperation expands and practical key issues that need to be carefully examined when undertaking large international projects.
Baek Dong-hwa emphasized, "In the case of cross-border transactions between the two countries, the legal and regulatory environment is constantly changing, making it difficult to fully understand and prepare for existing risks from a one-sided perspective. The ongoing and regularized cooperation with the Russian Federal Bar Association has become a solid foundation for providing practical and effective advice that can be immediately applied by both Korean and Russian companies in the field."
Additionally, prior to the seminar, Sejong sponsored a book talk on October 12 for the new publication of trade expert Seo Gi-won, titled 'Moscow Doesn't Believe in Tears,' which aims to enhance cultural and historical exchanges in Eurasia. The book talk, hosted by the Pushkin House Russian Education and Culture Center and supported by Sejong's Eurasia team, was elevated by a profound welcoming speech from Baek Joo-hyun, a former ambassador to Kazakhstan, and congratulatory remarks from Dmitry Kulkin, the charge d'affaires at the Russian Embassy in Korea.
The event was attended by prominent figures from various sectors, including former Chairman Park Jong-soo of the Presidential Committee on Northern Economic Cooperation, as well as representatives from diplomacy, law, business, academia, and culture, highlighting its significance. The Russian state news agency TASS also reported extensively on the event, reflecting strong interest both domestically and internationally.
Shin Jun-ho stated, "Successful legal advice ultimately starts from a deep understanding and empathy for the culture, history, and people of the region. We will continue to foster ongoing professional exchanges with the Russian Federal Bar Association and create various platforms to broaden the humanistic and social understanding of the Eurasia region, striving to provide the most practical and differentiated legal services to Korean companies operating in Russia and Russian companies entering the Korean market."
* This article has been translated by AI.
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