Question about South Korea - Namhan South Korea

Is it easier to move to Japan or Korea?

This article compares the factors that make it easier or harder to move to Japan or Korea. The factors discussed include language, visas, job opportunities, culture shock, cost of living, healthcare, education, housing, transportation, and food. Ultimately, the decision of which country is easier to move to will depend on individual circumstances and priorities.

Question about South Korea

What is the best place to live in South Korea?

This article explores the best places to live in South Korea, including Seoul, Busan, Incheon, Gyeonggi Province, Jeju Island, Ulsan, Daejeon, Gwangju, Changwon and Daegu. Each location has its own unique features and benefits, from bustling cities with job opportunities and nightlife to more relaxed coastal towns or rural areas with beautiful countryside. The article suggests considering personal preferences when choosing where to live in South Korea.

Question about South Korea

Can foreigners open a bank account in South Korea?

Foreigners can open a bank account in South Korea if they have a valid passport and visa, but there are restrictions based on their visa type and duration of stay. Two primary types of accounts are available: savings accounts for everyday use with low interest rates and deposit accounts for long-term savings with higher interest rates. Required documentation includes a passport, visa, proof of address, Alien Registration Card (ARC), or National Pension Service (NPS) number. Non-residents may face restrictions based on their visa status and duration of stay. The benefits of having a bank account in South Korea include easy access to banking services, faster and cheaper money transfers, discounts on products and services offered by the bank, and building credit history for future loans or credit card applications. However, there are risks such as facing higher fees than residents or language barriers while communicating with bank staff. It is important to comply with all banking regulations set by the Korean government to avoid penalties or deportation in severe cases.

Question about South Korea

Do you pay taxes in South Korea?

This article provides an overview of the taxation system in South Korea, including who is required to pay taxes, how to file taxes, and the types of taxes that are levied. The main types of taxes in South Korea are income tax, corporate tax, value-added tax (VAT), and customs duties. The article also covers tax deductions and credits, tax treaties with other countries, and the penalties for tax evasion.

Question about South Korea

At what age do Koreans start working?

Koreans typically start working at a young age due to cultural, economic, and societal factors. Children are expected to contribute to the family income from a young age due to filial piety, and modern Korean students often begin preparing for their future careers in middle school. The rigorous education system can lead to high levels of stress and pressure on young people to succeed, and many Korean teenagers take on part-time jobs or internships to gain work experience. All able-bodied Korean men are required to complete military service before the age of 30, which can delay their entry into the workforce. Traditional gender roles also play a role in society, with women often expected to prioritize family responsibilities over pursuing a career. While starting work early can lead to success and financial stability, it can also have negative impacts on mental health and well-being.