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

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

"Expats considering retirement in Gangneung should be aware of several factors. Firstly, they should have a basic understanding of the Korean language as English is not widely spoken, especially among the older population. They should also be prepared for the high cost of living, particularly in terms of housing and healthcare. Gangneung is known for its cold winters and hot, humid summers, so expats should be prepared for this climate. The city is also quite modern and developed, with a good public transportation system, but it still retains a traditional Korean charm with its temples, markets, and festivals. Healthcare in Korea is of a high standard, but it can be expensive for non-residents. Therefore, it's advisable for expats to have comprehensive health insurance. Korean cuisine is a major part of the culture and is quite different from Western food. Expats should be open to trying new foods, and they should also be aware that vegetarian and vegan options may be limited. In terms of safety, Gangneung is generally safe with low crime rates, but expats should still take standard precautions. Lastly, expats should understand the importance of respect in Korean culture. This includes understanding local customs and traditions, such as bowing when greeting someone and removing shoes when entering a home. It's also worth noting that South Korea has strict laws on certain issues, such as drug use, which can result in heavy penalties. Therefore, it's important for expats to familiarize themselves with local laws and regulations," remarked another expat in Gangneung, Korea.

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Where should I setup a bank account in Gangneung?

If you live in Gangneung, newcomers to Gangneung 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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