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Getting ready to leave, what do we do about money?

 
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pixykat222



Joined: 30 Jan 2009

PostPosted: Mon Mar 02, 2009 6:18 pm    Post subject: Getting ready to leave, what do we do about money? Reply with quote

So we're leaving for Busan on Wednesday at 10am... but have no idea what to do about currency. We don't start work until Monday, so we'll need some money to get around, buy food, set up the apartment all that jazz before then. What do you guys suggest in terms of bringing money over. Should we buy Won in the states, bring travelers checks, or just bring dollars over and exchange them there. Any advice would be great! :D thanks
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Mon Mar 02, 2009 6:19 pm    Post subject: Reply with quote

Bring Benjamins. Who knows you might end up getting more than you thought with this elastic exchange rate.
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poet13



Joined: 22 Jan 2006
Location: Just over there....throwing lemons.

PostPosted: Mon Mar 02, 2009 6:38 pm    Post subject: Reply with quote

DO NOT buy won there. Buy it here. By the time you get here, you might also make a few hundred extra thousand...
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Dances With Wolves



Joined: 06 May 2008
Location: A galaxy far, far away!

PostPosted: Mon Mar 02, 2009 6:54 pm    Post subject: Reply with quote

I would suggest you bring enough money to last at least 1 month. It is easy to exchange money at the airport once you arrive in Korea.
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pixykat222



Joined: 30 Jan 2009

PostPosted: Mon Mar 02, 2009 7:10 pm    Post subject: Reply with quote

Dances With Wolves wrote:
I would suggest you bring enough money to last at least 1 month. It is easy to exchange money at the airport once you arrive in Korea.


Well that's exactly what we'd like to do, but does anyone have a suggestion as to how much that would be?
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laserprinter



Joined: 18 Jun 2008
Location: Seoul, South Korea

PostPosted: Mon Mar 02, 2009 7:46 pm    Post subject: Reply with quote

bring a fat wad of foreign cash.
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Mon Mar 02, 2009 7:55 pm    Post subject: Reply with quote

$1500-2000 for two people. You might as well bring as much as you can considering you can cash in on the exchange rate plummeting even further.
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QbertP



Joined: 02 Feb 2007
Location: Seoul

PostPosted: Mon Mar 02, 2009 8:06 pm    Post subject: Reply with quote

I'd say 2k is excessive especially with the current exchange rate. Better to be prepared though. And don't forget about your settling bonus if your with a public school.

Either way, have fun and welcome to the land of the morning calm.
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kasain



Joined: 25 Oct 2008

PostPosted: Mon Mar 02, 2009 9:38 pm    Post subject: Reply with quote

I say bring $1000 US dollars. That will give you around $1,500,000 - 1,700,000 won. Thats more than enough for two people and one month.
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Jeff's Cigarettes



Joined: 27 Mar 2007

PostPosted: Mon Mar 02, 2009 9:39 pm    Post subject: Reply with quote

100$ bills are best.
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pixykat222



Joined: 30 Jan 2009

PostPosted: Mon Mar 02, 2009 9:40 pm    Post subject: Reply with quote

Any suggestions as to where we should exchange the money once there? Like I said, we'll be in Busan, but we have a layover in Seoul for about an hour. Is the airport going to totally rip us off, or should it be ok to buy the Won there?
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Jeff's Cigarettes



Joined: 27 Mar 2007

PostPosted: Mon Mar 02, 2009 9:57 pm    Post subject: Reply with quote

Just cash 100 or 200 at the airport than cash more at your local KEB when needed.
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Xuanzang



Joined: 10 Apr 2007
Location: Sadang

PostPosted: Mon Mar 02, 2009 10:01 pm    Post subject: Reply with quote

QbertP wrote:
I'd say 2k is excessive especially with the current exchange rate. Better to be prepared though. And don't forget about your settling bonus if your with a public school.

Either way, have fun and welcome to the land of the morning calm.


Well they could bring 2000 dollars, not spend all of it and then profit from the exchange rate. Saves having to wire transfer money later to cash in on the ailing won.
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madoka



Joined: 27 Mar 2008

PostPosted: Mon Mar 02, 2009 10:01 pm    Post subject: Reply with quote

pixykat222 wrote:
Any suggestions as to where we should exchange the money once there? Like I said, we'll be in Busan, but we have a layover in Seoul for about an hour. Is the airport going to totally rip us off, or should it be ok to buy the Won there?


I'd only change enough for taxi or bus fare at the airport. Then get yourself to a bank as the airport rates suck.
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