Global Trade Alert
Global Trade Alert

Republic of Korea: Restrictions on overseas bank financing by commercial operations

Announcement

01 Jun 2010

In June 2010, the government of Republic of Korea announced a change in the required local operations to serve domestic customers.

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 01 Jun 2010
Local operations requirement
In June 2010 the Ministry of Strategy and Finance issued a policy statement concerning volatile capital flows. The statement makes clear "the Korean government will reinforce macro-prudential measure...
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