Your Money in South Korea

How to manage your money when you move to South Korea ...

Relocating can be expensive. But there’s a lot you can do to make sure your money is spent wisely.

You should get your money matters sorted out as soon as possible: know when to move cash and where to bank it – particularly if you’re changing currencies. This section will help you do the research on setting up a bank account before (or when) you arrive, as well as understanding the different taxes to which you may be subject as a resident of South Korea.

Don't forget that some countries levy taxes on non-resident nationals, so check what taxes you may be liable for in your home country before you leave and make a note of the key dates in the tax calendar.

You may need to take advice from a financial adviser to make sure everything is as it should be – find out if that’s the case before it’s too late!