Information

This barrier is unrelated to the end of the transition period, following the United Kingdom's departure from the EU.

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.

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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