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Ulsan, Korea | Where should I setup a bank account in Ulsan? | Expat Exchange
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Where should I setup a bank account in Ulsan?

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We asked expats in Ulsan what banks they use and there advice about banking. They advised...

"Expats considering retirement in Ulsan should be aware that the cost of living can be higher than in other parts of Korea, although it is still generally lower than in Western countries. They should also know that Ulsan is a bustling city with a strong industrial base, known for its automobile production and shipbuilding industries. Expats should be prepared to learn some Korean, as English is not widely spoken, especially among the older population. However, younger Koreans and those working in the service industry often have a basic level of English. Healthcare in Ulsan is of a high standard, with a number of hospitals and clinics available. Expats should ensure they have adequate health insurance, as medical costs can be high. Ulsan has a range of housing options, from apartments to detached houses. Rent can be expensive, and expats are usually expected to pay a large deposit upfront. The city has a good public transportation system, including buses and taxis, and it is also easy to drive in Ulsan, with many expats choosing to buy or rent a car. Ulsan has a vibrant food scene, with a wide range of Korean and international restaurants. The city is particularly known for its seafood. The climate in Ulsan is temperate, with four distinct seasons. Winters can be cold, while summers are hot and humid. Expats should also be aware that South Korea has mandatory national health insurance and pension schemes, which they may be required to contribute to. Finally, while Ulsan is generally safe, expats should still take standard precautions to protect their personal safety and belongings," mentioned another expat when asked about moving to Ulsan, Korea.

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Where should I setup a bank account in Ulsan?

If you live in Ulsan, newcomers to Ulsan would love to hear your answer to this question.


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