Investment belongs to capital projects, and capital projects in China are regulated at present. In recent years, especially last year, the state has liberalized many restrictions on overseas investment. However, due to many reasons such as imperfect credit and tax system, there is no relevant policy for individual overseas investment, that is, individual overseas investment has not been approved (relevant policies may be introduced in the next step).

At present, individuals need to set up enterprises abroad:

One way is that individuals set up enterprises in China first, and then set up overseas enterprises through overseas investment of enterprises;

The other is to make small overseas investments by using the individual's annual foreign exchange purchase and payment quota of $50,000. This $50,000 is used for current projects such as tourism according to regulations, which is equivalent to concealing the actual use for investment. This kind of overseas investment cannot go through the relevant examination and approval procedures, and the state will not recognize it.

All banks, including HSBC, should abide by the state's foreign exchange policy. You can negotiate with the Bank of Korea again. If not, you can only transfer.