Oppenheim and Jipyong Launch Korean Desk in Hungary

Deal News | Mar 05, 2025 | CEE Legal Matters

Oppenheim and Jipyong Launch Korean Desk in Hungary

Oppenheim, a law firm in Hungary, and Jipyong, a South Korean law firm, have formed a strategic partnership to establish a Korean desk in Hungary. This initiative is driven by Korea's position as Hungary's third-largest investor and government-led opportunities in manufacturing and trade. With a focus on sectors such as energy, EV batteries, and technology, the firms aim to bridge cultural and regulatory gaps, providing tailored legal advice to Korean businesses entering the Central and Eastern Europe (CEE) market. The partnership leverages the existing synergies between the two firms, built on years of cooperation, and aims to become a leading advisory center for Korean companies in Hungary and potentially beyond. Both firms emphasize the importance of understanding cultural nuances and offering client-oriented services to facilitate smooth operations for Korean investors in the region. In the short term, Oppenheim and Jipyong plan to increase visibility among Korean businesses through outreach initiatives, while also looking towards long-term regional engagement.

Sectors

  • Legal Services
  • Foreign Direct Investment
  • Manufacturing and Technology

Geography

  • Hungary – The location of the newly established Korean desk and the focus of initial partnership activities.
  • South Korea – Home country of Jipyong and source of significant foreign investment into Hungary.
  • Central and Eastern Europe (CEE) – Target region for potential expansion beyond Hungary.

Industry

  • Legal Services – The partnership involves two law firms collaborating to provide legal advisory services.
  • Foreign Direct Investment – The article discusses Korea's significant investment in Hungary and the CEE region.
  • Manufacturing and Technology – Focus sectors include energy, EV batteries, and technology-driven industries.

Financials

    Participants

    NameRoleTypeDescription
    OppenheimPartner Law FirmCompanyHungarian law firm collaborating with Jipyong to launch the Korean desk.
    JipyongPartner Law FirmCompanySouth Korean law firm partnering with Oppenheim to serve Korean businesses in Hungary.
    Istvan SzatmaryPartnerPersonPartner at Oppenheim involved in the partnership.
    Jozsef Bulcsu FenyvesiPartnerPersonPartner at Oppenheim involved in the partnership.
    Seong ChangPartnerPersonPartner at Jipyong involved in the partnership.
    Ji Hye LeePartnerPersonPartner at Jipyong involved in the partnership.