Preparation for Korea
Most companies are connected with Woori / KB bank. If you travel a lot from Korea to China, Citi bank would be a better choice because in Hong Kong there are also citi bank ATM's.
From 2016, the banks in Korea changed their policies for everyone who wants to open a new bank account. Because of many fake and unused bank accounts, the Korean government wants to avoid those issues especially because some accounts were used for criminal purposes. The strict policies made it impossible to open a new bank account just with only your passport these days.
Necessary documents to open a bank account for foreigners :
- Current proof of residence (If you have a hard copy of your contract with the deposit and rent on it
including both signatures of yours and the landlord, that would be enough).
- Proof (Certificate) of Employment
- Valid passport from your home country
(must be valid at least 6 months before expiration date).
- Valid F4 visa (or any other valid visa)
If you have difficulties with the Korean language you can ask us for a translator that can help you during the process. Feel free to contact us anytime.