Public ID: PID-G2K7Q9
Restrictions on back office sharing in South Korea affect UK exporters/investors
in South Korea
Trade barrier summary
Banking and securities business units are unable to share back office resources - such as human resources, accounting, legal, information technology, and compliance - through arrangements such as "dual hatting".
Consequently, financial institutions must provide back office resources for each business unit, which can increase business costs.
- Financial and professional services
22 May 2019
18 December 2020