Global positioning system meaning

Updated in March 2026 Introduction The Republic of Korea (South Korea, and called ‘Korea’ throughout this Practice Note) offers conducive conditions for accessing the East Asia marketplace, helped by its centrally placed position within the region’s transport corridors. Korea presently holds free trade agreements with 59 partners in total, including the US, the EU, China, ASEAN, India, and Chile, and is positioning itself as a global commercial hub, not only an East Asian one. Korea actively promotes inbound foreign investment via a suite of laws that grant overseas investors various incentives, such as tax reliefs. Businesses can choose from multiple structures when establishing operations in Korea. Alternative entry routes and models are likewise available for tailoring a presence to specific needs in Korea. This guide seeks to spotlight several pivotal considerations a new enterprise must address before commencing activity in Korea. It is not intended to be exhaustive, and bespoke Korean legal advice should always be obtained prior to forming and running a business in Korea accordingly. ...

Updated in October 2025 Introduction China, formally the People’s Republic of China (PRC), became a sovereign nation in 1949 and is governed by a sole political party, the Communist Party of China (CPC). Covering roughly 9.6 million square kilometres, it is home to more than 1.4 billion people. The country comprises 23 provinces, five autonomous regions, two special administrative regions (Hong Kong and Macau), and four municipalities under direct central administration (Beijing, Shanghai, Tianjin and Chongqing). Beijing serves as the capital, and Mandarin is the official language. Ongoing economic and political reforms under the CPC have fostered political stability, economic freedom and legal certainty, positioning China as a top destination for foreign investment and as one of the world’s largest consumer markets. It is the world’s second-largest economy and actively pursues an open stance that promotes international collaboration. Consequently, businesses of all sizes and sectors are drawn to this dynamic, essential market to enter and expand their footprint. This guide sets out key considerations for new enterprises before...