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How many of you keep your money in Korea?
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How often do you send money home?
every month
37%
 37%  [ 9 ]
every other month
12%
 12%  [ 3 ]
quarterly
8%
 8%  [ 2 ]
biannually?
12%
 12%  [ 3 ]
annually?
12%
 12%  [ 3 ]
other (please explain).
16%
 16%  [ 4 ]
Total Votes : 24

Author Message
cubanlord



Joined: 08 Jul 2005
Location: In Japan!

PostPosted: Tue Jun 20, 2006 6:31 pm    Post subject: How many of you keep your money in Korea? Reply with quote

I send home every month. you never know....

How much do you guys send home?
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Yu_Bum_suk



Joined: 25 Dec 2004

PostPosted: Tue Jun 20, 2006 6:44 pm    Post subject: Reply with quote

I have enough in Canada that if I had to flee Korea I'd be fine for a while.

I have enough in Korea that if my creditors in Canada got hold of my account I'd could live off what I have here for a while if need be.
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ajgeddes



Joined: 28 Apr 2004
Location: Yongsan

PostPosted: Tue Jun 20, 2006 7:17 pm    Post subject: Reply with quote

I only said money home, probably once a year, to have in my account so I can pay off my credit cards that I use when I travel.
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jinju



Joined: 22 Jan 2006

PostPosted: Tue Jun 20, 2006 7:43 pm    Post subject: Reply with quote

Ive never sent any money home. Everything me and my wife have been able to save is in Korea and is staying here as long as we are.
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crazylemongirl



Joined: 23 Mar 2003
Location: almost there...

PostPosted: Tue Jun 20, 2006 7:44 pm    Post subject: Reply with quote

I keep a New Zealand dollar account here. So I'm not technically sending money home, however I am not leaving it in won either.
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Demophobe



Joined: 17 May 2004

PostPosted: Tue Jun 20, 2006 8:10 pm    Post subject: Reply with quote

jinju wrote:
Ive never sent any money home. Everything me and my wife have been able to save is in Korea and is staying here as long as we are.


Yep.

But we have no money...only investments. Very Happy
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SPINOZA



Joined: 10 Jun 2005
Location: $eoul

PostPosted: Tue Jun 20, 2006 8:20 pm    Post subject: Reply with quote

Other: totally randomly/when ever I feel like it (I've done it twice in 10 months, total: 4.5m). I owe approx 700GBP to my bank so I'll send another 1.5m approx when I feel like it. The rest is staying here. I'd look for some way to make my savings grow but I'm too lazy and it's the kind of thing I say I'm gonna do when having a beer with someone but never actually do and probably never will. The hassle of phone calls, opening accounts, sending money into accounts isn't worth the pittance you gain in my opinion.
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SuperFly



Joined: 09 Jul 2003
Location: In the doghouse

PostPosted: Wed Jun 21, 2006 12:47 pm    Post subject: Reply with quote

Back in the mid 90's I would just keep it in the Korean banks.

Then we got hit with IMF.

I got screwed.

Lucky for me, my wife's family is loaded.

Wink
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mole



Joined: 06 Feb 2003
Location: Act III

PostPosted: Wed Jun 21, 2006 1:20 pm    Post subject: Reply with quote

I generally just send home child support payments.. plus activity fees, sports uniforms, birthdays, Christmas, etc.
Not building any savings back home from my teaching, for sure.

EDIT: um.. monthly. but I think I voted other. Just because I'm not paying any loans or depositing to my own accounts. Korean banks rock. Use 'em.


Last edited by mole on Wed Jun 21, 2006 1:29 pm; edited 1 time in total
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pet lover



Joined: 02 Jan 2004
Location: not in Seoul

PostPosted: Wed Jun 21, 2006 1:23 pm    Post subject: Reply with quote

I used to send home enough to cover my credit card with a little extra. Now, though, I have the distinct pleasure of needing to empty out my Korean account as there is too much money for me to carry on the plane. Cool I just hope that my MOTHER continues with the withdrawals and not my father, as I inherited the bad luck with ATMs from him.
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mole



Joined: 06 Feb 2003
Location: Act III

PostPosted: Wed Jun 21, 2006 2:20 pm    Post subject: Reply with quote

SuperFly wrote:
Back in the mid 90's I would just keep it in the Korean banks.

Then we got hit with IMF.

I got screwed.

Lucky for me, my wife's family is loaded.

Wink


We posted at the same time. Didn't mean to 'dis you. I also got buggered during IMF.
I think Korean banks are a safe bet, though.
Nice to marry rich, eh? Wink
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Wed Jun 21, 2006 3:08 pm    Post subject: Reply with quote

I'm the other way round really. My pay is from outside Korea so I transfer money TO Korea most months. Since I've been here, nearly 9 years, that's been around 600,000 USD. I suppose one way or another that's still here: either in cash, property or 3 Alley's drains.
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mole



Joined: 06 Feb 2003
Location: Act III

PostPosted: Wed Jun 21, 2006 4:02 pm    Post subject: Reply with quote

WangjaSir: I should know, but i don't. Are you married to a k-gal?
You are an enigma to some of us because you aren't a teacher.
Did you ever teach English? Do you have any idea what our
teachers' lives are like?
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Wed Jun 21, 2006 4:32 pm    Post subject: Reply with quote

mole wrote:
WangjaSir: I should know, but i don't. Are you married to a k-gal?
You are an enigma to some of us because you arent't a teacher.
Did you ever teach Engslish? Do you have any idea what our
teachers' lives are like?


Funny you should use the word "Enigma" because as a lad I had a sailing boat called that and I had to look the word up. I was fascinated by its meaning and have ever since strived to become just that: an engima. Learning that I have achieved lifetime ambition means I can die a happy man. Laughing

Correct, Mole, I am not a teacher of English. The nearest I suppose was years when for a time I was a visiting lecturer at Cambridge in contract law and project managament. Now, I am just a boring old fart who would sit at a high table in 3 Alley, pontificate and drink more beer than his Korean wife would like claiming that he should feed his own family not Gunter's! Shocked

I have often taken wine with several from this board, one has stayed at my place for a while, had financial dealings with several and yes, I guess I can understand a little of the teacher's lot.

(For those who might be interested, the boat was a Merlin-Rocket, a 14ft restricted class, this one designed by Ian Proctor - his Mk X II - sail number 1272).

here's a modern one ...




and here's an older one [img]
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Wed Jun 21, 2006 4:42 pm    Post subject: Reply with quote

BTW, I see that association has have a vintage section for racing older boats in the class ... here's a nice shot ... my boat (1272) was very much like 1222 ...


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