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China and the Republic of Korea (Korea) enjoy a long history of cultural exchange, dating back to the Sui and Tang dynasties in China, or even earlier. In modern history, since the establishment of diplomatic relations between China and Korea on 24 August 1992, the relationship between the two countries has grown continuously, with frequent visits between top leaders. They have seen a growing economic and trade relationship between each other and a rapid progress in cultural exchanges. In recent years, the “Korean Wave” has found its unique place in the global cultural and entertainment industry, becoming a force to be reckoned with. It also has a great influence on the Chinese entertainment industry as the two countries deepen their cultural exchanges. This article discusses the PRC legal issues involved from three aspects of “bringing in”, “going global” and “joint cooperation”, based on our previous experience in cultural and entertainment projects. Hopefully it will bring you some inspirations.
Continue Reading Sino-Korea Cooperation in Culture and Entertainment

Kim Bohyoung，Park Yearang Corporate & Commercial Group King & Wood Mallesons

Foreign investors generally make their first investment in Korea* through establishing a local entity or acquiring the ownership, control, or business management right of existing enterprises. This article is intended to provide guidelines for foreign investors who are going to establish a local entity by analyzing which type of entity to establish, and the differences, advantages and disadvantages of these entities.
Continue Reading Investing in Republic of Korea: Establishing a Local Entity

Due to the global adjustment of business strategy and a growing  trend towards interest in community, a number of foreign investors no longer take China as their production base. Those having established labour-intensive industries in China are gradually reducing existing business and are shifting to capital-intensive and technology-intensive industries. As a result, some foreign-invested enterprises (FIEs) have acted quickly to exit the Chinese market.  …
Continue Reading Equity Transfer in Withdrawal of Foreign Invested Enterprises

Barri Mendelsohn London Office King & Wood Mallesons 

Foreign investors seeking acquisition or business expansion opportunities in the UK must, with effect from 11 November 2020, be mindful of new government measures to review such transactions in certain circumstances. The legislative position on FDI in the UK has now been overhauled following the Governments’ publishing of the National Security and Investment Bill 2020 (the “Bill”) for a second reading in Parliament.
Continue Reading Cross border M&A comment | New UK government review powers over foreign direct investment

On 10 November, the Anti-Monopoly Bureau of the State Administration for Market Regulation (“SAMR”) issued the Antitrust Guidelines for the Platform Economic Industry (draft for comments) (“Platform Guidelines”). [1] The release of these important guidelines at the time of 11 November[2] signals that SAMR will continue to strengthen its antitrust enforcement in the Internet platform sector.
Continue Reading 10 Highlights of the Antitrust Guidelines for Platform Economy

Whether directly or indirectly involved with human genetic resources sourced from China, foreign organizations and individuals (or institutions formed or controlled by them) (together “Foreign Parties”) should be aware of the Regulation of the People’s Republic of China on the Administration of Human Genetic Resources (中华人民共和国人类遗传资源管理条例) (the “Regulations”).
Continue Reading Human Genetic Resources

On 7 November 2020, Sichuan Bank (SCB) was officially opened for business. The establishment of SCB is an important move taken by Sichuan to implement the decisions and deployments of the CPC Central Committee and the State Council on financial work and to promote structural reform in the financial supply side.

SCB was established in…

On 21 October 2020, the Personal Information Protection Law (Draft) (“Draft”) was finally unveiled to the public. By comprehensively deepening China’s personal information protection system, the Draft strengthens the protection of personal information while taking into account the complexity of economic and social life. The release of the nearly 8,000-character Draft marks China’s first attempt to systematically and legislatively define, establish, and integrate the provisions on the protection and regulation of personal information. The Draft not only incorporates China’s legislative, regulatory and practical achievements regarding data security in recent years, including the PRC Cybersecurity Law (“Cybersecurity Law”), but also learns from the varied legislative experience of the other jurisdictions in data protection such as the General Data Protection Regulation (“GDPR”).
Continue Reading Personal Information Protection Law (Draft): A New Data Regime

The official release of the Export Control Law of the People’s Republic of China (the “Export Control Law”) on 17 October 2020 marks the beginning of a new phase in China’s export control legislation – from law-making to law enforcement. The new law has many material changes and breakthroughs to the existing rules and concepts of export control in China. Therefore, how the export control enforcement will unfold in China under the Export Control Law to be effective on 1 December 2020 has aroused wide public attention.
Continue Reading New Export Control Law: 5 Issues Remains to be Clarified