The move is in response to a US investigation into China's maritime, logistics and shipbuilding sectors. The Hang Seng Index slumped on October 13 and 14 as US and China trade tensions ramp up.
Filipinos and Korean nationals will be able open bank accounts and access other financial services in the each other's respective markets, using credit records and a API.
Ashurst is one of the first international law firms to address Korea's “substantial” inbound and outbound opportunities, by establishing boots on the ground.