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Noureli
Joined: 14 Oct 2005
Location: Nowhere but Here
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 Posted: Fri May 12, 2006 1:34 am Post subject: Money and Customs |
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| Hello for those that have already left the country after a one year contract, do the Korean customs physically check how much money you have with you or is it on your passport. Why I'm asking is because yes my bank asks for my passport everytime I transfer money but they don't write anything on it and they don't write down the passport number in any of the transfer papers. I'm asking because if it's a big hassel at the airport leaving the country it would better just to use my international card back home. Please anybody with answers because every time someone asks this question nobody gets a straight answer. Thanks a bunch. |
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Homer
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| Posted: Fri May 12, 2006 2:48 am Post subject: |
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Simple: you can carry up to but not exceeding 10 000 dollars on you, no questions asked.
Anything above that you will be questionned upon arrival in your home country (if they find the money). |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Fri May 12, 2006 6:02 am Post subject: |
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| Homer wrote: |
Simple: you can carry up to but not exceeding 10 000 dollars on you, no questions asked.
Anything above that you will be questionned upon arrival in your home country (if they find the money). |
Close but not quite accurate.
You may carry as much currency as you want but there are some rules.
IF you carry more than US$10,000 in cash (or TCs or negotiable items) then you are required to make a written declaration when you leave Korea and/or enter your home country.
If you carry MORE than $10,000 AND you do not declare it (make the written report at customs) AND you get caught, then it is subject to forfeiture.
IF you wire the money, or send a money order home, then there are no restrictions on the amount but there may be some hoops to jump through at your local bank if the amount is more than $10,000 per year. |
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Homer
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| Posted: Fri May 12, 2006 7:24 am Post subject: |
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Nice work Tom.
My post did fall short! |
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Zark
Joined: 12 May 2003
Location: Phuket, Thailand: Look into my eyes . . .
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| Posted: Fri May 12, 2006 7:31 am Post subject: |
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Bottom line though - I've never been asked - in the last 20 years (and that's a LOT of traveling!) - to empty my pockets. Not even when I lived in Saudi Arabia and they went through my luggage with a fine tooth comb every time I entered the country.
Frankly, I wouldn't worry about it.
Uh . . . I'm not suggesting you do anything illegal . . . |
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Woland
Joined: 10 May 2006
Location: Seoul
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| Posted: Sat May 13, 2006 10:46 pm Post subject: |
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| I did get asked once, about 8 years ago, before a flight back to Seoul from the US. I had barely made my connection in Portland and was racing down the gangway to get on the plane (everyone else had boarded) when a guy in a uniform stopped me and asked my how much money I was carrying. I showed what I had in my wallet (not much, if I recall correctly) and emptied my pockets (loose change) and was let on board. He didn't ask to check my bag, but there wasn't any money in there anyway. My late arrival and perhaps other things must have triggered my being pulled over. So, it does happen, but only rarely. |
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Noureli
Joined: 14 Oct 2005
Location: Nowhere but Here
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| Posted: Sun May 14, 2006 12:21 am Post subject: |
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| So you're basically saying that there is no point sending my debit card to someone back home because it's just too much hassle. Thanks guys. |
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