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Managing Your Korean Credit Rating
If you plan to live in Korea for a long period, you may want to understand your Korean credit rating (Credit Score). Here are a few things you may need to know to put yourself in a good position to access credit like credit cards, car loans, or a house loan. About Credit Rating Systems Globally, credit rating systems vary significantly. You can’t expect any country’s credit system to work the same as yours. The systems might be based on different information, used for different types of transactions, and managed…
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Expat Guide to Navigating Credit Cards in Korea
As an international resident, building a life in South Korea can feel complicated, especially managing finances. So let’s learn about getting a credit card in Korea. The personal experiences in the following blog post include E and F-visa holders in South Korea. Getting a Credit Card May Feel Scary Learning a new financial system while dealing with hidden aspects of culture and a new language may feel unfair and frustrating. The following blog post combines information sourced from 1) financial institutions and 2) lived human experiences. We hope the information…
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Opening a Bank Account in South Korea
Looking to open a bank account in South Korea as an international resident? Here is what you need to know. If you are US military, please read this blog instead. About Banking In Korea Like banking systems around the world, Korean banking is designed for the people of South Korea and Korean social systems. Much like the United States does not allow foreign nationals to freely open bank accounts free of all restrictions, South Korea also has banking requirements for international residents. This blog post will talk about some (but not…
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US Military: Banking in Korea
Here are some things that individuals associated with the US Military may want to know about opening a checking account in South Korea. About Banking In Korea Like banking systems around the world, Korean banking is designed for the people of South Korea and the Korean social systems. Much like the United States does not allow foreign nationals to freely open bank accounts free of all restrictions, South Korea also has banking requirements for international residents. This blog post will talk about some (but not all) of the ways South…
