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Korean Job Discussion Forums
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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 Posted: Tue Nov 22, 2011 5:07 am Post subject: |
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| r122925 wrote: |
| TheUrbanMyth wrote: |
It shows a pattern...but it does not show that this pattern will continue. |
Isn't that what all credit checks do? Show a apattern that may or may not continue? People on F visas and even Korean people can leave the country, lose their jobs, drop dead, etc. I suppose you could argue the rate of default is higher for E-2s, but I don't know if any of us actually have access to that data. |
Credit check is based on LOCAL credit history. So if you do not have any credit in Korea you have no credit history. |
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r122925
Joined: 02 Jun 2011
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| Posted: Tue Nov 22, 2011 5:59 am Post subject: |
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| PatrickGHBusan wrote: |
Credit check is based on LOCAL credit history. So if you do not have any credit in Korea you have no credit history. |
Of course someone fresh off the plane has no credit history in Korea. That's not what I nor anyone else here is saying. But there's nothing stopping a foreigner from developing a credit history here, regardless of visa type. I have a good credit score according to mycredit.co.kr. The problem is many times people are denied simply because of their foreignness. They never even bother to check the credit score. The problem isn't that newbies can't get a mortgage. The problem is that people who have been here for decades are treated exactly the same as newbies. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Tue Nov 22, 2011 8:00 am Post subject: |
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| I haven't been denied entry because I'm a foreigner, but I did have an LG store claim they couldn't add money to my phone that day, and they were an LG store, not some authorized dealer. Later, I went to another LG store, and they were more than happy to add money to my phone. I am not sure if it was xenophobia or what, but they lied to me when they told me I'd have to come another day. |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Tue Nov 22, 2011 12:51 pm Post subject: |
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| r122925 wrote: |
| PatrickGHBusan wrote: |
Credit check is based on LOCAL credit history. So if you do not have any credit in Korea you have no credit history. |
Of course someone fresh off the plane has no credit history in Korea. That's not what I nor anyone else here is saying. But there's nothing stopping a foreigner from developing a credit history here, regardless of visa type. I have a good credit score according to mycredit.co.kr. The problem is many times people are denied simply because of their foreignness. They never even bother to check the credit score. The problem isn't that newbies can't get a mortgage. The problem is that people who have been here for decades are treated exactly the same as newbies. |
Understood but people who have been in Korea for decades (as in more than 10 years) can certainly qualify for a F-visa through the points system no?
As for a morgage, the visa status would be a killer even you have been in Korea for 10-15 years and do not have a residency visa. To the bank, you remain a short term temporary worker and a flight risk (which of course you are because if you get out od dodge, they cannot get to you and recoup the morgage money or other money you may owe). As I said, all banks and service providers need is an excuse to explain their aversion to risk. Rail all you want against this but thats how they do business. I personally think that this is often inflexible and that it does wrong some people but it is the way it is.
There is also the old rule of "clerk denial" which basically boils down to: the clerk in the store often cannot be bothered to deal with the added complexity of a client being a foreigner and may feel saying "no" saves him time and trouble. The way to get things done? Talk to a manager or a customer servive rep and you may see a big difference!
Finally and never forget this, for Korean service providers, foreigners reprensent a minuscule market. We are not there in large enough numbers to affect their business. Cost vs benefit... |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Tue Nov 22, 2011 4:49 pm Post subject: |
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| Adventurer wrote: |
| I haven't been denied entry because I'm a foreigner, but I did have an LG store claim they couldn't add money to my phone that day, and they were an LG store, not some authorized dealer. Later, I went to another LG store, and they were more than happy to add money to my phone. I am not sure if it was xenophobia or what, but they lied to me when they told me I'd have to come another day. |
Some stores can't do that. I went to a store in Yangpyeong to do the exact same thing as you and they told me that they couldn't do it here. But they gave me the address of a store (about two blocks over) which did. I went to that store and I couldn't see much difference between the two. But I got money added to my phone anyway. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Tue Nov 22, 2011 7:16 pm Post subject: |
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| TheUrbanMyth wrote: |
| Adventurer wrote: |
| I haven't been denied entry because I'm a foreigner, but I did have an LG store claim they couldn't add money to my phone that day, and they were an LG store, not some authorized dealer. Later, I went to another LG store, and they were more than happy to add money to my phone. I am not sure if it was xenophobia or what, but they lied to me when they told me I'd have to come another day. |
Some stores can't do that. I went to a store in Yangpyeong to do the exact same thing as you and they told me that they couldn't do it here. But they gave me the address of a store (about two blocks over) which did. I went to that store and I couldn't see much difference between the two. But I got money added to my phone anyway. |
It was more like they didn't want to do it. It was an LG+ store, so they should have added money to my phone. They told me something false that I'd have to come on another day. They didn't tell me to go to another LG+ store. I knew they weren't telling me the truth, so I found an identical store a little ways down, and they did it and didn't tell me I needed to come on a certain day. I can tell which stores may not be able to add money to my phone such as an authorized dealer that is not directly connected to LG, but if it's one of the black and pink stores they're supposed to add the minutes. Was your store a black and pink LG+ store that told you to come another day. I've had non LG+ stores tell me to go elsewhere, but I guessed they couldn't because they weren't an LG+ store. It seems clear to me they didn't want to do it that day. |
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eat_yeot
Joined: 11 Dec 2009
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| Posted: Tue Nov 22, 2011 7:30 pm Post subject: |
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| PatrickGHBusan wrote: |
As for a morgage, the visa status would be a killer even you have been in Korea for 10-15 years and do not have a residency visa. |
Almost. It's the job status that's the killer. Unless you have a permanent job, you're not going to get much of a mortgage (maybe 20%), regardless of your visa status. Even my wife couldn't get one, and she's Korean. But she only works temporary jobs. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Tue Nov 22, 2011 10:40 pm Post subject: |
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| Adventurer wrote: |
| TheUrbanMyth wrote: |
| Adventurer wrote: |
| I haven't been denied entry because I'm a foreigner, but I did have an LG store claim they couldn't add money to my phone that day, and they were an LG store, not some authorized dealer. Later, I went to another LG store, and they were more than happy to add money to my phone. I am not sure if it was xenophobia or what, but they lied to me when they told me I'd have to come another day. |
Some stores can't do that. I went to a store in Yangpyeong to do the exact same thing as you and they told me that they couldn't do it here. But they gave me the address of a store (about two blocks over) which did. I went to that store and I couldn't see much difference between the two. But I got money added to my phone anyway. |
It was more like they didn't want to do it. It was an LG+ store, so they should have added money to my phone. They told me something false that I'd have to come on another day. They didn't tell me to go to another LG+ store. I knew they weren't telling me the truth, so I found an identical store a little ways down, and they did it and didn't tell me I needed to come on a certain day. I can tell which stores may not be able to add money to my phone such as an authorized dealer that is not directly connected to LG, but if it's one of the black and pink stores they're supposed to add the minutes. Was your store a black and pink LG+ store that told you to come another day. I've had non LG+ stores tell me to go elsewhere, but I guessed they couldn't because they weren't an LG+ store. It seems clear to me they didn't want to do it that day. |
Yup pink and black...but they said they couldn't do it at all. If they'd told me to come on another day I'd have asked when. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Wed Nov 23, 2011 7:08 pm Post subject: |
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| TheUrbanMyth wrote: |
| Adventurer wrote: |
| TheUrbanMyth wrote: |
| Adventurer wrote: |
| I haven't been denied entry because I'm a foreigner, but I did have an LG store claim they couldn't add money to my phone that day, and they were an LG store, not some authorized dealer. Later, I went to another LG store, and they were more than happy to add money to my phone. I am not sure if it was xenophobia or what, but they lied to me when they told me I'd have to come another day. |
Some stores can't do that. I went to a store in Yangpyeong to do the exact same thing as you and they told me that they couldn't do it here. But they gave me the address of a store (about two blocks over) which did. I went to that store and I couldn't see much difference between the two. But I got money added to my phone anyway. |
It was more like they didn't want to do it. It was an LG+ store, so they should have added money to my phone. They told me something false that I'd have to come on another day. They didn't tell me to go to another LG+ store. I knew they weren't telling me the truth, so I found an identical store a little ways down, and they did it and didn't tell me I needed to come on a certain day. I can tell which stores may not be able to add money to my phone such as an authorized dealer that is not directly connected to LG, but if it's one of the black and pink stores they're supposed to add the minutes. Was your store a black and pink LG+ store that told you to come another day. I've had non LG+ stores tell me to go elsewhere, but I guessed they couldn't because they weren't an LG+ store. It seems clear to me they didn't want to do it that day. |
Yup pink and black...but they said they couldn't do it at all. If they'd told me to come on another day I'd have asked when. |
They said Sunday, I believe. I didn't buy that. They didn't seem interested in giving me minutes. That's what I suspected, so I sought out another LG+ store where they would do it. The previous store didn't say their machine was done or anything just come back on Sunday. That's kind of bizarre, IMHO. The other store was very happy to see me, and I always go there as a result. If you are a pink and black store, you're serving LG+ and should serve all your customers properly. I used to work selling in the cell phone business in the U.S. It's not the way I dealt with customers. The other store had it right. |
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The Floating World
Joined: 01 Oct 2011
Location: Here
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| Posted: Wed Nov 23, 2011 9:16 pm Post subject: |
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Often the computer system is down. I'm with KTF, now SHOR or ALLEH, hard to keep track lol, and sometiemes the computer sytsem for psp is down.
Sometimes it's obvious they just don't know how to do it so they lie also.
But it's true that not all of the KT / LG stores have the ability to do it also. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Thu Nov 24, 2011 2:09 am Post subject: |
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| The Floating World wrote: |
Often the computer system is down. I'm with KTF, now SHOR or ALLEH, hard to keep track lol, and sometiemes the computer sytsem for psp is down.
Sometimes it's obvious they just don't know how to do it so they lie also.
But it's true that not all of the KT / LG stores have the ability to do it also. |
The place I've been to regularly did once tell me it was done, but they were honest because they've done it before. That other store didn't say they didn't have the capability. They told me to come at another time. It seemed to me they were blowing me off. That's what I felt, at least. |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Thu Nov 24, 2011 5:10 am Post subject: |
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| eat_yeot wrote: |
| PatrickGHBusan wrote: |
As for a morgage, the visa status would be a killer even you have been in Korea for 10-15 years and do not have a residency visa. |
Almost. It's the job status that's the killer. Unless you have a permanent job, you're not going to get much of a mortgage (maybe 20%), regardless of your visa status. Even my wife couldn't get one, and she's Korean. But she only works temporary jobs. |
That simply adds to the complexity of the issue!
Thanks for the added clarification.
We bought our first appartment in Busan when I was on a F-visa, my wife was working too, neither of us had permanent positions. WE did have a sizeable down payment and that 20% figure sounds about right.
Just as an aside, the rules on morgages have tightened up considerably since the 2008 US real estate meltdown (here in Canada I mean) and thats a good thing because you need to have assets to buy a house and should be able to prove you can afford the damn thing!
We just bought a new appartment in Busan this fall, neither of us lives or works in Korea but we had enough money for a significant down payment. |
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cheolsu
Joined: 16 Jan 2009
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| Posted: Thu Nov 24, 2011 5:55 am Post subject: |
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| Quote: |
| Almost. It's the job status that's the killer. Unless you have a permanent job, you're not going to get much of a mortgage (maybe 20%), regardless of your visa status. Even my wife couldn't get one, and she's Korean. But she only works temporary jobs. |
By permanent you mean what's referred to as 정규직 in Korean? In other words, nobody on a one-year contract will get a sizeable loan? Are permanent positions even possible for non-citizens? |
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yodanole
Joined: 02 Mar 2003
Location: La Florida
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| Posted: Thu Nov 24, 2011 10:13 am Post subject: I know the OP said this is for research, but.... |
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I don't really see the point of this discussion. If people don't understand why an ESL teacher might have problems with long term contracts with a Korean service provider, I don't know what to say.
As to being refused service of any kind ( taxi-restaurant-bar-whatever ), whatever it is there will be another 15 places providing pretty much the exact same product or service within a stone's throw.
Have you ever noticed that when a restaurant goes out of business and it is located between two bulgogi houses, it will soon reopen as a bulgogi house. Just keep going to places until someone is happy to see you. Mind you, it might take 20 minutes. |
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PatrickGHBusan
Joined: 24 Jun 2008
Location: Busan (1997-2008) Canada 2008 -
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| Posted: Thu Nov 24, 2011 12:01 pm Post subject: Re: I know the OP said this is for research, but.... |
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| yodanole wrote: |
I don't really see the point of this discussion. If people don't understand why an ESL teacher might have problems with long term contracts with a Korean service provider, I don't know what to say.
As to being refused service of any kind ( taxi-restaurant-bar-whatever ), whatever it is there will be another 15 places providing pretty much the exact same product or service within a stone's throw.
Have you ever noticed that when a restaurant goes out of business and it is located between two bulgogi houses, it will soon reopen as a bulgogi house. Just keep going to places until someone is happy to see you. Mind you, it might take 20 minutes. |
Well if everyone accepted this very concise and common sense post then no chance to rant, foam at the mouth in outrage or bash would have been available man!
Get with the Daves logic: ignore common sense, its too logical. |
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