The ROC recognised the formal establishment of the First Republic of Korea in 1948. On 4 January 1949, the ROC set up an embassy in Myeongdong in Seoul. The ROC considers the ROK government as the sole legitimate representative of the Korean Peninsula. On 23 August 1992 South Korea severed diplomatic relations with the ROC and then established diplomatic relations with the PRC as part of its Nordpolitik, the last Asian country to switch. In 1991 in the last months of the Cold War, Beijing and Seoul have established South Korean and Chinese liaisons prior to this and later turned embassies.