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Carrying cash to Korea?
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corroonb



Joined: 04 Aug 2006

PostPosted: Sun Nov 19, 2006 1:56 pm    Post subject: Carrying cash to Korea? Reply with quote

Hi,
I intend to bring a least a grand in cash (Euros) into Korea and I have a few questions.

Is it legal to carry a lot of cash through international airports (over 1,000 Euro)?

Do officials get suspicious if they find you have a large amount of cash on your person?

Does anyone know what the situation in the European Union is in relation to transporting cash outside the union?

Should I get receipts from my bank?
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SuperFly



Joined: 09 Jul 2003
Location: In the doghouse

PostPosted: Sun Nov 19, 2006 2:02 pm    Post subject: Reply with quote

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corroonb



Joined: 04 Aug 2006

PostPosted: Sun Nov 19, 2006 2:04 pm    Post subject: Reply with quote

That isn't exactly helpful, I am going to carry it in something like that but I may have to take off the belt at the airport as this is a rule at Dublin airport.

Will I have trouble if they notice I'm carrying a grand or more in cash?


Last edited by corroonb on Sun Nov 19, 2006 2:06 pm; edited 1 time in total
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Hosub



Joined: 17 Apr 2006

PostPosted: Sun Nov 19, 2006 2:05 pm    Post subject: Reply with quote

I've brought in similar amounts from New York to Korea, and Korea to New York without a second thought.
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corroonb



Joined: 04 Aug 2006

PostPosted: Sun Nov 19, 2006 2:07 pm    Post subject: Reply with quote

Did you have to declare it or were you questioned about its origin?
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ttompatz



Joined: 05 Sep 2005
Location: Kwangju, South Korea

PostPosted: Sun Nov 19, 2006 2:21 pm    Post subject: Reply with quote

corroonb wrote:
Did you have to declare it or were you questioned about its origin?


If you are carrying amounts UNDER US$10,000 or its equivalent there is NO problem and NO declaration.

Amounts OVER US$10,000 or equivalent in cash must be declared (simply sign a form).
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corroonb



Joined: 04 Aug 2006

PostPosted: Sun Nov 19, 2006 2:28 pm    Post subject: Reply with quote

Okay, thanks for all the answers, even the picture of the money belt. One less thing to worry about.
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Green Tea



Joined: 04 Nov 2006

PostPosted: Sun Nov 19, 2006 2:48 pm    Post subject: Reply with quote

Should be no problem. 2 years ago I traveled from Canada to Moscow, Russia with $6500 cash in my pocket. I crossed 4 borders and customs never blinked an eye. You won't have any problems with 1000 Euros.

10,000 Dollars or Euros is the typical currency limit in most countries. But some places vary. Belarus for example, back 3 years ago, only allowed $1000 in and $1000 out. Meaning you could not leave the country with more than $1000 or they would seize it.
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JZer



Joined: 13 Jan 2005
Location: South Korea

PostPosted: Sun Nov 19, 2006 2:53 pm    Post subject: Reply with quote

Quote:
Is it legal to carry a lot of cash through international airports (over 1,000 Euro)?


The funny thing is that you think 1000 Euros is a lot of funny. Anyways, it is good to have some cash because outside of major cities it can be difficult to use a foreign debit card. If you are going to be living in Seoul just bring your debit card.
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corroonb



Joined: 04 Aug 2006

PostPosted: Sun Nov 19, 2006 3:09 pm    Post subject: Reply with quote

I don't think 1000 euro (there's no plural form) is a lot of money. I do think its a lot of cash. Usually I only carry around 200 - 300 euro, so to me 1 - 2,000 euro is a 'lot'. I guess I just don't buy expensive things. For someone fresh out of college, 2,000 euro is a lot. College is free in Ireland btw, paid by the government.
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Green Tea



Joined: 04 Nov 2006

PostPosted: Sun Nov 19, 2006 3:22 pm    Post subject: Reply with quote

corroonb wrote:
College is free in Ireland btw, paid by the government.



Don't make me cry Sad $6000 a year in Canada.
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JZer



Joined: 13 Jan 2005
Location: South Korea

PostPosted: Sun Nov 19, 2006 3:39 pm    Post subject: Reply with quote

If you go to an American private university you are looking at over $20,000 USD a year.
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Green Tea



Joined: 04 Nov 2006

PostPosted: Sun Nov 19, 2006 3:42 pm    Post subject: Reply with quote

JZer wrote:
If you go to an American private university you are looking at over $20,000 USD a year.



Ya, Harvard, Yale and Princeton.

But if you get in there, you've either got a full scholarship or rich @$$ alumni parents to begin with.
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JZer



Joined: 13 Jan 2005
Location: South Korea

PostPosted: Sun Nov 19, 2006 4:04 pm    Post subject: Reply with quote

Quote:
Ya, Harvard, Yale and Princeton.

But if you get in there, you've either got a full scholarship or rich @$$ alumni parents to begin with.


$20,000 won't be enough to go to Harvard these days. I think the cost is more like $30,000 and definitly it would cost you $30,000 with housing.
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JZer



Joined: 13 Jan 2005
Location: South Korea

PostPosted: Sun Nov 19, 2006 4:16 pm    Post subject: Reply with quote

http://www.ksg.harvard.edu/registrar/tuition_fees.htm

The cost of being a full time Master's student is 33,276.00. The cost for undergrads is around $30,000 and that does not include food and housing.
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