| View previous topic :: View next topic |
| Author |
Message |
madoka
Joined: 27 Mar 2008
|
 Posted: Fri Nov 21, 2008 1:41 am Post subject: What's the most cash you can bring into Korea? |
 |
|
| What's the maximum amount of cash you are allowed to declare when you come to Korea? |
|
| Back to top |
|
 |
traxxe
Joined: 21 Feb 2007
|
| Posted: Fri Nov 21, 2008 1:49 am Post subject: |
|
|
| 500 U.S. Dollars... or in other words 5,000,000,000,000,000 won. |
|
| Back to top |
|
|
ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
|
| Posted: Fri Nov 21, 2008 1:54 am Post subject: Re: What's the most cash you can bring into Korea? |
|
|
| madoka wrote: |
| What's the maximum amount of cash you are allowed to declare when you come to Korea? |
You can import as much cash as you want.
You must make a customs declaration (just like you would if you were importing anything else of value) if you import more than US$10,000 or the equivalent in another currency (or negotiable instruments).
There is no tax or restriction on the use of said funds. (buy a house, buy stocks, start a business, etc).
If you import more than 50 million won at one time you MAY qualify for an investors visa instead of the lowly E2.
. |
|
| Back to top |
|
|
madoka
Joined: 27 Mar 2008
|
| Posted: Fri Nov 21, 2008 2:00 am Post subject: Re: What's the most cash you can bring into Korea? |
|
|
| ttompatz wrote: |
You must make a customs declaration (just like you would if you were importing anything else of value) if you import more than US$10,000 or the equivalent in another currency (or negotiable instruments).
There is no tax or restriction on the use of said funds. (buy a house, buy stocks, start a business, etc). |
If there is no tax or restriction on the use of the money, why do you have to declare it? Just curious.
I'm thinking off bringing some dollars in, converting them to won, putting it into an account, and waiting for the housing bubble to burst. I always wanted a place in Korea. Anything else I should know? |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
