A resident foreigner can open a bank account by simply visiting the bank in question, whether he/she resides in Korea or not.
(A resident foreigner refers to an individual who has been in Korea for more than 6 months, while a non-resident foreigner refers to a person who has been in Korea for less than 6 months.)
※ You may use the cash card to withdraw money from an ATM (Automated Teller Machine)
|Tax & Interest Rates|
You can transfer money overseas from a bank. You may send up to $50,000 (including an exchange fee) out of the country. All your money transfer transactions should be made at a bank selected by you. If you can present a document showing how you have acquired the money, you may send a sum not exceeding the amount of income acquired in Korea out of the country. Different banks have different fees and restrictions on transfers.
If you have a passport or foreign registration card, you can easily exchange foreign money or traveler’s checks for Korean won at local banks. Be sure to keep the slip that the bank issues as evidence of a foreign exchange transaction. The slip will help you sell your Korean won for a foreign currency more easily on your departure from Korea.
Credit card companies issue credit cards to those who meet their specific requirements for issuance. So if you don’t have a good credit record, your request for a credit card might be rejected.
※ Different banks or credit card companies may require different documents.
|Annual membership fee||The annual membership fee is a fee charged for the issuance of a credit card and the various services offered by a credit card company. The annual membership fee is charged every year, starting in the month of issuance.|
For Further Information, please refer to following website
You should go to the post office when using nonstandard envelopes or postcards. The Express Mail Service is provided by Korea Post under special agreements with the postal authorities of other countries.
The service will deliver your urgent letters, documents and parcels to another country by the safest available method.
Besides post offices, other shipping firms like DHL, Federal Express, UPS, Hanjin Shipping Company, and EMS also provide overseas mailing services
|Hanjin Shipping Company|
The high-speed Internet has spread rapidly throughout Korea, one of the world’s most internet savvy countries. Most households now have access to high-speed internet services.
Demand for the Internet has led to proliferation of the so-called PC Bangs or Internet Cafés, which are readily available in almost every major city or town nationwide. At any of these commercial establishments you can send e-mails, surf the Web, draw up and print documents, all for a very reasonable price.
User fees range from 1,000 won to 1,500 won an hour.
Sometimes they can be cheaper during the evenings or with a membership card.
The cell phone has become an essential device for most Koreans. Mobile telecom businesses vie with each other, offering diverse services, including the transmission of moving visual images and short messages. Nowadays, smart phones are rapidly becoming an essential feature of everyday life in Korea.
To install a phone at your home or office, please buy a phone and call 100. You will need to present your passport and a copy of your alien registration certificate. The installation charge comes to about 60,000 won, while the basic monthly fee is 5,200 won.
Four telecom businesses offer international call services with different call charges. You need to consult their home pages to view the details of their call charges.
They offer discounts (30-50%) on call charges in the following time slots: early morning (before 8:00am); late night (after 9:00pm), and on public holidays.
|SK Telecom 00700 International Call Service||www.sktelink.co.kr|
|KT 001 International Call Service||www.kt001.co.kr|
|Onse 00365 International Call Service||www.00365.net|
|LG U+ 002 International Call Service||www.002v.com|
Subscription to cable TV gives you access to more than 50 channels.
* For further details, please contact your local cable TV station
Satellite broadcasting refers to the transmission of TV and PCM programs via a broadcasting satellite (BS). BS viewers can watch channels from all over the world that are not available on Korean terrestrial channels. You can view the programs at your convenience after recording them.