Korean Job Discussion Forums

[Sympathy for Mr Vengeance]

Hi. I arrived in Korea for the first time last summer in July 2009. I explained in a different post recently that I have an E-2 visa that expires July 9 and an Alien Registration Card that looks like it's done on July 17.

My question here is what is the optimal way to deal w/ money on the way out? I have read something about a $10,000 US limit for money. What does that mean exactly? You can't have that much with you at the airport? What about wire transfers? What if you have more than that?

Also the exchange rate really isn't as good as it could be. It's been up to 1,000, 900, or even 800 won for a US dollar before. Looks like it takes 1,130.40 won to make a dollar today. Any ways around this? Just wait it out? Use some kind of investment account or something? Someone has told me a little before about a CD here...?

I'm considering transferring 2 lump sums of a few thousand US dollars each. One now and one at the very end. Is this a wise idea? If anyone has any advice on this stuff it would be greatly appreciated. Thanks.

[samd]

You can take out as much money as you like, but if it's over USD10K you have to declare it, that's all.