Restrictions on back office sharing in South Korea affect UK exporters/investors
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.
Sectors affected
- Financial and professional services
Resolved
No
Date reported
22 May 2019
Last updated
18 December 2020
Public ID
PID-G2K7Q9
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