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Incheon, Korea | Where should I setup a bank account in Incheon? | Expat Exchange
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Where should I setup a bank account in Incheon?

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We asked expats in Incheon what banks they use and there advice about banking. They advised...

"Expats considering retirement in Incheon should be aware of several key factors. Firstly, the cost of living can be high, particularly in terms of housing and healthcare. However, public transportation is affordable and efficient, making it easy to navigate the city. Understanding and speaking the Korean language can greatly enhance your experience, as not everyone speaks English. It's also important to note that the culture in Korea is quite different from Western countries, with a strong emphasis on respect for elders and authority figures. Healthcare in Korea is of a high standard, but it can be expensive without insurance. Expats should ensure they have comprehensive health insurance coverage. The climate in Incheon is temperate, with four distinct seasons including a hot, humid summer and a cold winter. Korean cuisine is diverse and delicious, but it can be spicy and may take some getting used to. Western food is available, but it can be more expensive. Incheon is a safe city with a low crime rate, but like any major city, it's advisable to take standard precautions. Finally, it's important to understand the visa requirements for living in Korea. Most foreigners will need a visa to stay in the country long-term, and the process can be complex and time-consuming. It's recommended to start this process well in advance of your planned move," said another expat in Incheon, Korea.

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Where should I setup a bank account in Incheon?

If you live in Incheon, newcomers to Incheon would love to hear your answer to this question.


SJB Global
SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB GlobalSJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

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