Where should I setup a bank account in Jeju Island?

"Expats considering retirement in Jeju Island, should be aware of several important factors. Firstly, they should understand the cost of living, which can be higher than in other parts of Korea due to the island's popularity as a tourist destination. They should also be aware of the visa requirements for long-term stays in Korea, which may include proving a certain level of income or savings. Language can be a barrier, as English is not widely spoken outside of tourist areas and younger generations. Therefore, learning some basic Korean would be beneficial. Healthcare in Korea is of a high standard, but expats should ensure they have adequate health insurance to cover any medical costs. The climate on Jeju Island is milder than the mainland, with warmer winters and cooler summers, which may be a consideration for those with health concerns. The island is also known for its natural beauty, with many outdoor activities available, but it is less bustling than cities like Seoul or Busan. Housing can be a challenge to secure, especially in popular areas, so it's recommended to start the search well in advance. Expats should also be aware of the cultural differences and local customs to integrate smoothly into the community. Lastly, while Jeju Island has a lower crime rate than other parts of Korea, it's still important to take standard safety precautions. It's also worth noting that the island can be prone to typhoons in the late summer and early autumn," mentioned another expat when asked about moving to Jeju Island, Korea.