Jeju Island, Korea
Where should I setup a bank account in Jeju Island?
We asked expats in Jeju Island what banks they use and there advice about banking. They advised...
"Expats considering retirement in Jeju Island, should be aware of several important factors. Firstly, they should understand the cost of living, which can be higher than in other parts of Korea due to the island's popularity as a tourist destination. They should also be aware of the visa requirements for long-term stays in Korea, which may include proving a certain level of income or savings. Language can be a barrier, as English is not widely spoken outside of tourist areas and younger generations. Therefore, learning some basic Korean would be beneficial. Healthcare in Korea is of a high standard, but expats should ensure they have adequate health insurance to cover any medical costs. The climate on Jeju Island is milder than the mainland, with warmer winters and cooler summers, which may be a consideration for those with health concerns. The island is also known for its natural beauty, with many outdoor activities available, but it is less bustling than cities like Seoul or Busan. Housing can be a challenge to secure, especially in popular areas, so it's recommended to start the search well in advance. Expats should also be aware of the cultural differences and local customs to integrate smoothly into the community. Lastly, while Jeju Island has a lower crime rate than other parts of Korea, it's still important to take standard safety precautions. It's also worth noting that the island can be prone to typhoons in the late summer and early autumn," wrote a member who made the move to Jeju Island, Korea.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- What do expats find most challenging?
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- What are the schools in Jeju Island like?
- What are healthcare services like in Jeju Island?
- What are medical services in Jeju Island like?
- Are healthcare and health insurance expensive in Jeju Island?
- What are emergency services like in Jeju Island?
- Will I need to travel to see a specialist?
- Are common prescription medications available in Jeju Island?
- How are local medical facilities in Jeju Island?
- As a foreigner living in Jeju Island, will I have access to public healthcare? What is it like?
- What have your experiences during the pandemic with the local healthcare system been like?
Where should I setup a bank account in Jeju Island?
If you live in Jeju Island, newcomers to Jeju Island would love to hear your answer to this question.
