Banco Santander is set to shut down its Korean operations by the end of the year amid global restructuring efforts . The move comes as concerns of the country 's plateauing financial industry continue to mount , causing Goldman Sachs , RBS and others to also reduce their operations in Korea . In addition , Banco Santander will close 450 branches in Spain and increase its investment in digital banking in an effort to bolster business .
Banco Santander is set to shut down its Korean operations by the end of the year amid global restructuring efforts. The move comes as concerns of the country's plateauing financial industry begin to mount, causing Goldman Sachs, RBS and Barclays to also reduce their operations in Korea. In addition, Banco Santander will close 450 branches in Spain and increase its investment in digital banking in an effort to bolster productivity.