Daejeon, Korea
Where should I setup a bank account in Daejeon?
We asked expats in Daejeon what banks they use and there advice about banking. They advised...
"Expats considering retirement in Daejeon should be aware that the cost of living is relatively low compared to other major cities in Korea. They should also know that the healthcare system in Korea is excellent and affordable, with many doctors and medical staff speaking English. It's important to note that Daejeon has a slower pace of life compared to cities like Seoul or Busan, which can be a positive aspect for those looking for a more relaxed retirement. The city is known for its science and technology industries, and is home to several universities, providing a vibrant and intellectual atmosphere. Expats should also be aware that while many younger Koreans speak English, older Koreans often do not, so learning some basic Korean would be beneficial. The city has a good public transportation system, but driving can be challenging due to the heavy traffic and different driving rules. Daejeon has a four-season climate, with hot, humid summers and cold, dry winters. The city is also known for its hot springs, hiking trails, and national parks, offering plenty of outdoor activities. In terms of housing, expats can choose between modern apartments in the city center or more traditional houses in the outskirts. It's also important to know that Korean food is a big part of the culture, and Daejeon offers a wide variety of restaurants and food markets. Lastly, expats should be aware of the visa requirements for living in Korea. The most common visa for retirees is the F-2 long-term resident visa, but the requirements can be strict, including a high level of financial stability," explained one expat living in Daejeon, 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.
Connect
Click connect to have our partner contact you via e-mail and/or phone.
Other Questions:
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- What are the visa & residency requirements in Daejeon?
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Where should I setup a bank account in Daejeon?
If you live in Daejeon, newcomers to Daejeon would love to hear your answer to this question.
