View previous topic :: View next topic |
Author |
Message |
xox
Joined: 11 Jun 2006 Location: Bundang
|
Posted: Fri Jul 21, 2006 6:59 am Post subject: what to bring to korea? american or canadian dollars? gifts? |
|
|
I was just wondering what would be better to bring American or Canadian to be deposited into banks.
As well gifts, considering that people can get almost anything overseas what would make a stand out gift to your co-workers and such? |
|
Back to top |
|
 |
Hapkido-In

Joined: 24 Jun 2006
|
Posted: Fri Jul 21, 2006 8:45 am Post subject: |
|
|
Both Canadian and US dollars are accepted at KB bank here in Korea. KBs are everywhere, too, so you won't have a hard time finding one.
I've brought both with me, and have had no problems exchanging either of them for Korea Won in Korea. You might even want to just bring Won with you to Korea, if you are planning to stay for a while.
As for gifts, chocolate bars work pretty well as Korea really only has Snickers, Twix, Kitkat, and Mr. Big. Oh yeah, they also have those Cadburries Milk Chocolate (and a few others in that series) as well as Tobolerone (Uhh, the triangle thing...No idea how to spell it right). So any of Reese's Peanutbutter stuff, Crunchies, Coffee Crisp, ect are always welcome. Doritos are also not readily available here, either, so they also go over really well.
Also, basically everyone here has a cell phone, and people love to tie weird crap to it. So if you can find stuff back home that would be cool to tie to a phone, that'd go over well too. I guess they are sort of like key chains to Koreans.
Anyways, hope my reply helps. |
|
Back to top |
|
 |
WorldWide
Joined: 28 Apr 2006
|
Posted: Fri Jul 21, 2006 9:27 am Post subject: |
|
|
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
|
Back to top |
|
 |
dreaming_saturn

Joined: 26 May 2004
|
Posted: Fri Jul 21, 2006 12:29 pm Post subject: |
|
|
Hi, I am leaving for Korea after my holiday in August and was wondering the same thing, only I'm considering taking Euros.
Hapkido-In wrote: |
B
As for gifts, chocolate bars work pretty well as Korea really only has ...
Also, basically everyone here has a cell phone, and people love to tie weird crap to it. |
I don't know, how many people have brought gifts with them? Is it something common to do there?
I can probably bring some cool Dutch stuff nobody has seen before, little wooden shoes to tie to phones or Belgian chocolates. Seriously, there's no going back to Mars bars after trying them. But my question is, should I? If I did that at a new job in Holland everyone would scoff and assume I was kissing butt. |
|
Back to top |
|
 |
Missile Command Kid
Joined: 17 Jul 2006 Location: Daegu
|
Posted: Fri Jul 21, 2006 12:43 pm Post subject: |
|
|
WorldWide wrote: |
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
Why? |
|
Back to top |
|
 |
jaderedux

Joined: 10 Jan 2003 Location: Lurking outside Seoul
|
Posted: Fri Jul 21, 2006 12:47 pm Post subject: |
|
|
WorldWide wrote: |
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
Because???? You are so cute! I just see you sitting there in your Che tee and camo pants typing away in communist fervor. You really need to spell it Amerika... that would be so much more angsty!
Bring C.dollars or A. dollars. But other than banks and in Itaewon or that ilk you need WON.
Jade the evil amerikan |
|
Back to top |
|
 |
djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
|
Posted: Fri Jul 21, 2006 8:32 pm Post subject: |
|
|
Bring a boatload of chronic, hell bring a fleet of boats. Infiltrate this country with the green currency that God and nature originally intended on being traded. |
|
Back to top |
|
 |
ttompatz

Joined: 05 Sep 2005 Location: Kwangju, South Korea
|
Posted: Fri Jul 21, 2006 10:04 pm Post subject: |
|
|
Missile Command Kid wrote: |
WorldWide wrote: |
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
Why? |
Because they continue to depreciate... you lose money if you hold them.
The FED has no intention of supporting the greenback and prefers a weak dollar position because of the economic stimulation it allows by making US exports stronger and imports more expensive. |
|
Back to top |
|
 |
Missile Command Kid
Joined: 17 Jul 2006 Location: Daegu
|
Posted: Fri Jul 21, 2006 10:22 pm Post subject: |
|
|
ttompatz wrote: |
Missile Command Kid wrote: |
WorldWide wrote: |
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
Why? |
Because they continue to depreciate... you lose money if you hold them.
The FED has no intention of supporting the greenback and prefers a weak dollar position because of the economic stimulation it allows by making US exports stronger and imports more expensive. |
Oh, I see. Of course. I'm Canadian, so I didn't immediately connect worldwide's post with the current situation of the US dollar.
This brings up a question: while teaching in S. Korea, do people tend to keep their savings in a Korean bank account and bring it back all at once, or send back cash throughout the year? The reason I ask is that the Canadian dollar is high relative to the US dollar (no idea how it's doing historically against the won), and as an English major the finer points of high finance are lost on me. What do most people do? |
|
Back to top |
|
 |
djsmnc

Joined: 20 Jan 2003 Location: Dave's ESL Cafe
|
Posted: Fri Jul 21, 2006 11:13 pm Post subject: |
|
|
Watch the exchange rates and decide for yourself when you get paid. I think that's what just about everyone here does for the most part. If that's a finer point of finance, then I'm Donald Trump. |
|
Back to top |
|
 |
Natalia
Joined: 10 Mar 2006
|
Posted: Fri Jul 21, 2006 11:27 pm Post subject: |
|
|
Missile Command Kid wrote: |
ttompatz wrote: |
Missile Command Kid wrote: |
WorldWide wrote: |
DO NOT USE AMERICAN DOLLARS AS A RESERVE CURRENCY!!!!! |
Why? |
Because they continue to depreciate... you lose money if you hold them.
The FED has no intention of supporting the greenback and prefers a weak dollar position because of the economic stimulation it allows by making US exports stronger and imports more expensive. |
Oh, I see. Of course. I'm Canadian, so I didn't immediately connect worldwide's post with the current situation of the US dollar.
This brings up a question: while teaching in S. Korea, do people tend to keep their savings in a Korean bank account and bring it back all at once, or send back cash throughout the year? The reason I ask is that the Canadian dollar is high relative to the US dollar (no idea how it's doing historically against the won), and as an English major the finer points of high finance are lost on me. What do most people do? |
Well, everything aside, the only reason WorldWide said that is because he crazy and uses every post as an excuse to call America evil (look at his avatar). Just read through the other things he's said. Nobody takes him seriously. |
|
Back to top |
|
 |
KittyLover
Joined: 20 May 2006
|
Posted: Sat Jul 22, 2006 4:23 am Post subject: |
|
|
Can't really say for the money. All I can tell you about that is that I was in for a bit of a shock when I found out my Visa check card didn't work at many atms. After a long look, I found a spot that took it.
As for gifts, a lot of foreign brand names are available, but expensive here, such as stuff from Lacoste, The Body Shop, Levis, Calvin Klein, etc. Gold is expensive too. So if you bring any of this over, it will look like you spent more on a gift than you actually did.
On a side note, I noticed bed sheets are overpriced here. I'd bring some from home. |
|
Back to top |
|
 |
huffdaddy
Joined: 25 Nov 2005
|
Posted: Sat Jul 22, 2006 7:51 am Post subject: |
|
|
Missile Command Kid wrote: |
This brings up a question: while teaching in S. Korea, do people tend to keep their savings in a Korean bank account and bring it back all at once, or send back cash throughout the year? |
You can open a foreign currency account at most banks. You can then convert your salary to the currency of your choice and keep it here. If you don't need to send money back home, there's no reason to go through the hassle and expense on a regular basis. At least that's what I do. |
|
Back to top |
|
 |
bnrockin
Joined: 27 Feb 2006
|
Posted: Sat Jul 22, 2006 4:44 pm Post subject: |
|
|
is there anything equivelent to the U.S. FDIC in Korea to protect my money in the bank if for some reason the bank closes down? |
|
Back to top |
|
 |
RACETRAITOR
Joined: 24 Oct 2005 Location: Seoul, South Korea
|
Posted: Sun Jul 23, 2006 6:44 pm Post subject: |
|
|
I always laugh when I see someone trying to use US currency here. It just looks dumb. Usually when they get desperate, I trade them their money for some Korean won at an extortionate rate (7000 won for $10 US). |
|
Back to top |
|
 |
|