Korean Job Discussion Forums

[Enigma]

I read on another thread here

http://forums.eslcafe.com/korea/viewtopic.php?t=164636

that it's possible for foreigners to buy mutual funds, so I'm wondering if some of you who have done it can help me out.

I currently have accounts at Nonghyup, KEB and SC First (Standard Chartered.) However, as I'm living in a small town in Gangwondo now, and there are no KEB or SC First branches here, I can't just go in and ask them. I'll have to set it up next time I'm in Seoul. I've looked at their websites, but I haven't been able to find any useful information.

Ideally, I'd like to buy an index fund based on the Asian markets and another based on the BRICs. I'd like to be able to purchase them monthly. Are index funds common here, and if so, what kind of MER should I be expecting? And how about minimum purchases, i.e. initial investment and monthly investment?

I'd appreciate any advice or information any of you can offer.

Thank you very much