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Bringing money over
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Handy



Joined: 18 Jul 2006
Location: Seoul

PostPosted: Thu Jun 21, 2007 8:07 am    Post subject: Bringing money over Reply with quote

I'm leaving next tuesday for my first teaching job in Seoul and I was just wondering how you suggest I bring my money over to start me off before I get paid.

I've read that I should have about 600-1000 for the first month but how much cash do you suggest I bring and in what currency? Clearly I don't want to fly with 1000 in cash:)

I'll have access to my bank account as well as my Visa card for the first month before hopefully getting paid. Will this be enough?
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jay-shi



Joined: 09 May 2004
Location: On tour

PostPosted: Thu Jun 21, 2007 8:53 am    Post subject: Re: Bringing money over Reply with quote

Handy wrote:
Clearly I don't want to fly with 1000 in cash:)


Why not?
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Thu Jun 21, 2007 8:55 am    Post subject: Reply with quote

For a month, as long as you have a place to live, 1000 will get you by. You will obviously buy things here you need in order to stock your place. Expect to drink and party as Korea can be fun, depending on where you are living. Location will also affect how much you spend.

Flying with 1000 USD shouldn't be a problem, keep it on you, not in your bag. Bring USD. If you bring money in the form of a debit/check card/ATM, know that not all ATMs in Korea, or Seoul, accept international cards, though most businesses accept foreign credit cards.

Cash is the best way to go, security isn't an issue here if you keep it on you.
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gyopogirlfromtexas



Joined: 21 Apr 2007
Location: Austin,Texas

PostPosted: Thu Jun 21, 2007 10:33 am    Post subject: Reply with quote

I was wondering the same thing. Bringing cash, but my friend said there are thieves at airports working in teams, and by the time I go through the xray machine, and they see money in my purse, bag or whatever, it will be gone. So, I'm paranoid. I guess I will wear a belt and not let it out of sight. So anyone put all their money in traveler's check? Isn't that a big pain in the butt though?
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insam



Joined: 17 May 2007

PostPosted: Thu Jun 21, 2007 11:58 am    Post subject: Reply with quote

Why not fly with it? Just put it in an envelope and go. $1000 is nothing; it's ten little slips of paper. I take much, much more than that when I go back home, it saves on transaction costs and also doesn't show that the transaction has occurred.
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formerflautist



Joined: 30 May 2006

PostPosted: Thu Jun 21, 2007 4:14 pm    Post subject: Reply with quote

If you look online you'll find money belts that fit in the inside of your pants or around your neck and under your shirt. It's not a bad idea to have one to keep things in anyway even if you don't want to carry a lot of cash. I use one to hold my passport and boarding pass. It's safer and more convenient that way.
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unknown9398



Joined: 03 Nov 2006
Location: Yeongcheon, S. Korea

PostPosted: Thu Jun 21, 2007 4:27 pm    Post subject: Reply with quote

gyopogirlfromtexas wrote:
I was wondering the same thing. Bringing cash, but my friend said there are thieves at airports working in teams, and by the time I go through the xray machine, and they see money in my purse, bag or whatever, it will be gone. So, I'm paranoid. I guess I will wear a belt and not let it out of sight. So anyone put all their money in traveler's check? Isn't that a big pain in the butt though?


I don't know if your friend is right or not, (I've never seen or been victimized by teams of thieves in airports), but ten hundred dollar bills is nice and compact. Don't carry it in a bag. Keep it in a buttoned pocket. If you're paranoid about thieves, be sensitive to who's around you.
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Handy



Joined: 18 Jul 2006
Location: Seoul

PostPosted: Thu Jun 21, 2007 4:35 pm    Post subject: Reply with quote

I do have one of those "around your waist money holders" I'm just rather surprised that you all recommend bringing your start up money in cash.
However I guess if access to international banks is limited at ATM's I guess that makes sense. My school is in Seoul so I think I should be abnle to get money out at least a cash advance from my credit card or something.

Thanks for all your tips!
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ilovebdt



Joined: 03 Jun 2005
Location: Nr Seoul

PostPosted: Thu Jun 21, 2007 4:56 pm    Post subject: Reply with quote

Handy wrote:
I do have one of those "around your waist money holders" I'm just rather surprised that you all recommend bringing your start up money in cash.
However I guess if access to international banks is limited at ATM's I guess that makes sense. My school is in Seoul so I think I should be abnle to get money out at least a cash advance from my credit card or something.

Thanks for all your tips!


I would recommend that you bring half in cash and half in travellers cheques which can easily be exchanged at a bank.
I brought Korean won in cash and I think US dollar travellers cheques.


ilovebdt
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Thu Jun 21, 2007 4:59 pm    Post subject: Reply with quote

6000 will be enough.

I get nervous having anything less when I start up in a new country. I like to be covered for all events.
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ilovebdt



Joined: 03 Jun 2005
Location: Nr Seoul

PostPosted: Thu Jun 21, 2007 5:08 pm    Post subject: Reply with quote

gyopogirlfromtexas wrote:
I was wondering the same thing. Bringing cash, but my friend said there are thieves at airports working in teams, and by the time I go through the xray machine, and they see money in my purse, bag or whatever, it will be gone. So, I'm paranoid. I guess I will wear a belt and not let it out of sight. So anyone put all their money in traveler's check? Isn't that a big pain in the butt though?


In the three years I have spent in Korea and the numerous times I have travelled though Korean airports this has never happened to me nor have I heard of it happening to anyone else.

You will be fine if you take all the usual precautions you would when travelling abroad.

ilovebdt
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contrarian



Joined: 20 Jan 2007
Location: Nearly in NK

PostPosted: Thu Jun 21, 2007 5:39 pm    Post subject: Reply with quote

I carry 1000 US in cash with me all of the time. It doesn't take up any room and is easily convertable to nearly any other currency.

In 8 years in Korea, nearly all of it outside of Seoul, I have never seen anyhtinbg like a thief or a pick-pocket.
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littlephoenix



Joined: 01 May 2007

PostPosted: Thu Jun 21, 2007 5:40 pm    Post subject: Reply with quote

i think so as long as you have somewhere to live, should be good enough but of course only you would know Wink
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jvalmer



Joined: 06 Jun 2003

PostPosted: Thu Jun 21, 2007 5:55 pm    Post subject: Reply with quote

gyopogirlfromtexas wrote:
I was wondering the same thing. Bringing cash, but my friend said there are thieves at airports working in teams, and by the time I go through the xray machine, and they see money in my purse, bag or whatever, it will be gone. So, I'm paranoid. I guess I will wear a belt and not let it out of sight. So anyone put all their money in traveler's check? Isn't that a big pain in the butt though?


That's kind of hard to imagine for international flights, in most airports, the xray is in the aiport security zone. Where would these thieves go? Unless they're an employee and also, they don't just let random ticketless people hang around there. And once you arrive, you don't go through security. Just collect your bags and leave, unless, you're randomly selected for a detailed customs search.
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paquebot



Joined: 20 Jun 2007
Location: Northern Gyeonggi-do

PostPosted: Thu Jun 21, 2007 6:14 pm    Post subject: Reply with quote

ilovebdt wrote:
I would recommend that you bring half in cash and half in travellers cheques which can easily be exchanged at a bank.
I brought Korean won in cash and I think US dollar travellers cheques.

ilovebdt


I agree with ilovebdt. I'm preparing to apply for positions right now, but when I went as a tourist a few years ago it made things much easier to have Korean won on hand before I arrived. $100-200 USD converted beforehand can speed things up and leave you with one less thing to worry about once you get there. Traveller's cheques is a good recommendation for the rest.
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