Korean Job Discussion Forums

mikekim · Joined: 11 Aug 2006

Is there any way around this? I wanna come back. Will my bank accounts still work if I change my visa from E2 to tourist?

caniff · Joined: 03 Feb 2004 Location: All over the map

Take 3 mil won cash out of Korea? And come back to Korea? Bank accounts?

Can you be a little more specific?

cruisemonkey · Posted: Tue Nov 11, 2008 11:53 am Post subject:

You can take as much cash out of K-land as you want.

chevro1et · Joined: 01 Feb 2007 Location: Busan, ROK

I thought it was ten million won cash allowed to be taken out of Korea. If you have more than $10 000 on you when you arrive, customs is gonna be askin you some questions.

Teelo · Joined: 09 Oct 2008 Location: Wellington, NZ

Out of curiosity, how will they even know?
Unless they scan your bags and see food or drugs or something, and have to search your bags... how would they know if you're taking in 500 million?

bassexpander · Joined: 13 Sep 2007 Location: Someplace you'd rather be.

I took out more than that this summer. I changed it into dollars at the Woori bank at Incheon. No problems.

The Grumpy Senator · Joined: 13 Jan 2008 Location: Up and down the 6 line

When I was opening my bar in Ulaan Bataar in 2006 with some friends, my partner tried to take $15,000 out of Korea in cash. The security at the airport caught him and detained him, we had to go there to confirm his story and take the extra cash in order to get him under the $10,000 limit.

The Customs Card you fill out asks you if you have more than $10,000 on your person or in your luggage.

EzeWong · Joined: 26 Mar 2008 Location: Seoul

travelnguy · Joined: 27 Sep 2007

There is no limit on how much you can take out of a country. There is a $10,000 mark that is set. Anything over that $10,000 has to be declared. You can still take it out of the country. You might just have to prove how you earned the money to be sure that taxes have been paid.

Freakstar · Joined: 29 Jun 2007

cruisemonkey · Posted: Tue Nov 11, 2008 6:19 pm Post subject:

Yes, there's no limit on how much you can take out; but most countries require you make a declaration if you are bringing more than $10,000 in.

It's not that you CAN'T bring more than $10,000 in - but only that you declare it.

victorology · Joined: 10 Sep 2007

Freakstar · Joined: 29 Jun 2007

Speaking of which, I'll be going to the States for business at the end of this month. Currently, is it cheaper to change KRW into Dollars at Incheon? Or should I wait 'til I land in the US?

cruisemonkey · Posted: Tue Nov 11, 2008 6:50 pm Post subject:

I watched a show on the Australia Network where an English teacher returning to Aus after teaching for three years in Japan tried to go through Customs in Sidney with the equivalent of about USD 35,000 without declaring it. He got caught, was detained and interrogated. They eventually let him go with a stern lecture after it was determined he made the money legally; but while he was detained he was one sheepish/nervous/contrite 'little puppy'. The Customs officers were basically laughing at him because he would have just 'sailed through' with just a couple of questions had he declared the money.

ttompatz · Joined: 05 Sep 2005 Location: Kwangju, South Korea