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Bring Canadian or American or Won over with me?
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biggpoppa



Joined: 14 Jul 2007
Location: Toronto, Ontario, Canada

PostPosted: Thu Aug 23, 2007 5:09 pm    Post subject: Bring Canadian or American or Won over with me? Reply with quote

Quick question, just wondering, as I leave this weekend for Korea, if I should exchange my Canadian money with me to American or Won before I leave? Or should I just bring the Canadian over with me? And any idea of how much I should bring over in cash as well?

Thanks in advance
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dridgway



Joined: 18 Sep 2006
Location: Suwon, S. Korea

PostPosted: Thu Aug 23, 2007 5:12 pm    Post subject: Reply with quote

You can exchange just about anything easily in any airport...shouldn't be a problem if you just bring Canadian. Exchanging at a Korean bank is a little more difficult but still do-able.
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endo



Joined: 14 Mar 2004
Location: Seoul...my home

PostPosted: Thu Aug 23, 2007 5:21 pm    Post subject: Reply with quote

Just bring your Canadian currency to Incheon Airport and exchange it there.

It's the easiest thing to do and you don't want to stress out about it later.
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biggpoppa



Joined: 14 Jul 2007
Location: Toronto, Ontario, Canada

PostPosted: Thu Aug 23, 2007 5:31 pm    Post subject: Reply with quote

thank you for the quick replies, any idea on how much I should bring?
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dridgway



Joined: 18 Sep 2006
Location: Suwon, S. Korea

PostPosted: Thu Aug 23, 2007 5:53 pm    Post subject: Reply with quote

How long before pay day?
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Thu Aug 23, 2007 6:07 pm    Post subject: Reply with quote

I would bring in the region of 3million won for your first month.

People always say they can get by on less but you just never know and a slush fund is a nice fall just in case the mammaries point upwards.
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dridgway



Joined: 18 Sep 2006
Location: Suwon, S. Korea

PostPosted: Thu Aug 23, 2007 6:25 pm    Post subject: Reply with quote

Yeah, I was going to say MUCH less than that. Maybe in the area of 500,000-1,000,000. Of course, if you're at a public school job you get 300,000 just for making it here!
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Thu Aug 23, 2007 6:28 pm    Post subject: Reply with quote

I always believe in having an exit plan. Turning up with a million won in your pocket and no return ticket doesn't leave many options if you really can't hack it.
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Zark



Joined: 12 May 2003
Location: Phuket, Thailand: Look into my eyes . . .

PostPosted: Thu Aug 23, 2007 6:32 pm    Post subject: Reply with quote

In pretty much every country in the world, you will get a better exchange rate there rather than in your home country.

Bring cash - exchange it at the airport. While many people have favorite exchange places and suggest that airports have ripoff rates - most airport bank-based exchanges have exactly the same rate as the their other branch banks.

Not really a problem.
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rubric



Joined: 28 Oct 2006
Location: Pongdongfongyong

PostPosted: Thu Aug 23, 2007 6:37 pm    Post subject: Reply with quote

Quote:
a slush fund is a nice fall just in case the mammaries point upwards.

Question
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Thu Aug 23, 2007 6:38 pm    Post subject: Reply with quote

rubric wrote:
Quote:
a slush fund is a nice fall just in case the mammaries point upwards.

Question


Goes t1ts-up
can't use the word t its here
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Yu_Bum_suk



Joined: 25 Dec 2004

PostPosted: Thu Aug 23, 2007 8:05 pm    Post subject: Reply with quote

biggpoppa wrote:
thank you for the quick replies, any idea on how much I should bring?


Some places pay the previous month's wages on the 10th, so if you're arriving on the 1st you could go 40 days before getting your first cheque.

You can get by on W500,000 a month, but W1,000,000 / month is much more comfortable. In addition to that I'd have an escape plan - i.e. a means of getting home in a hurry - in the event you have to pull an early runner.
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mrsquirrel



Joined: 13 Dec 2006

PostPosted: Thu Aug 23, 2007 8:06 pm    Post subject: Reply with quote

Why I would say 3mil is about the right amount to have.
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ajgeddes



Joined: 28 Apr 2004
Location: Yongsan

PostPosted: Thu Aug 23, 2007 8:07 pm    Post subject: Reply with quote

Just bring your ATM card and use it while here. You don't need to bring more than $100 cash with you.
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mikekim



Joined: 11 Aug 2006

PostPosted: Thu Aug 23, 2007 10:03 pm    Post subject: Reply with quote

best to bring as much of whatever you have as you can, if you start exchanging you will lose. So don't bring US $ if you are from Canada. Whatever you do don't bring Korean Won. You get totally screwed over buying won from any other country except Korea.
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