Where should I setup a bank account in Korea?
We asked expats in Korea what banks they use and there advice about banking. They advised...
"Expats should research the cost of living in Korea before retiring there, as it may be higher than they are used to. It is also important to familiarize oneself with the local culture and customs, as well as the language, to ensure a smooth transition. Additionally, expats should research the healthcare system in Korea and consider purchasing health insurance to cover any medical costs. Finally, expats should consider the visa requirements for retirement in Korea, as they may need to apply for a long-term visa," wrote a member who made the move to Korea.
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Other Questions:
- What do I need to know before moving to Korea?
- How do I find a place to live in Korea?
- What is a typical expat home or apartment like in Korea?
- What is the average cost of housing in Korea?
- Should I buy or rent a home in Korea?
- What should I pack when moving to Korea?
- What cultural faux pas should I try to avoid making in Korea?
- Why do people move to Korea?
- What are healthcare services like in Korea?
- What are medical services in Korea like?
- What are typical rents in Korea?
- What appliances are typically included in a rental?
Where should I setup a bank account in Korea?
If you live in Korea, newcomers to Korea would love to hear your answer to this question.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International
and Mass Market Marketing. She graduated from Ohio Wesleyan University
with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.
