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Anglo-Australian law firm Herbert Smith Freehills has reregistered its Korea practice as Australian in anticipation of Brexit disqualifying UK firms from the EU-South Korea free trade agreement.
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South Korea's finance ministry said on Tuesday it plans to announce measures to restructure the construction industry in December, as part of the government's bigger plans to remove zombie companies from the economy.
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The South Korean government, long a bastion of support for the country's big conglomerates, is sticking to its hard-line stance on Hanjin Shipping Co Ltd, whose collapse is roiling global supply chains.