Questions & Answers
Category:Money Matters
Yes, you can....sometimes. Here are some of the ways you can do so:
1. Arrange to have a global ATM and/or Debit card from your bank. You may have to sign a document agreeing to only transfer money out of Korea through that specific bank account. The maximum amount you can take out of the country should then be W50,000,000 (USD50,000.00). Hint: if possible, check that the card works from outside Korea and that you can access your money.
2. As a back up, and if you have someone you trust in Korea, you can make sure you are able to move money within Korea via Internet, so that you can transfer it to another account or give that person access to your account so that s/he can send you the money from Korea.
3. If you can't access your bank account in Korea, your employer may agree to send the funds directly to your home country bank account.
4. You can change your signature on your account to a personal stamp (chop) and arrange for a lawyer to withdraw the funds and transfer them to you in your home country bank account.
5. Your employer can transfer the funds directly to the law firm's account so that the lawyer can forward the money to you.
The above applies to monies paid by employers or government agencies.
K4E Editor: Korea4Expats.com tries to ensure that the information we provide is accurate and complete, so should you notice any errors or omissions in the content above please contact us at info@korea4expats.com.
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- My employer did not give me my pension information until just hours before my flight. What can I do now?
- Why is it that universities don't pay airfaire to and from Korea?
- My employer pays me less than my hourly wage when I work overtime. Is that usual in Korea?
- Can I receive monies owed me by my employer after I leave Korea?
Culture
- During interviews I've been asked about when I plan to have children, why I'm not married, etc. Is that legal? Are men asked the same questions?
- I've found that customers here often just hang up without saying goodbye. I don't know if they're angry or not.
- Why do people so often say 'yes' to something they don't intend to do?
General Info
Government Regs
- Do I have to file an annual Korean tax return?
- How can I figure out how to file my Korean income tax return if I don't speak/read Korean fluently?
- How can I make sure that my employer is paying the tax they deduct from my salary to the government?
- Do I have the contribute to the Korean Pension Plan even though I'm not going to be here until I retire?
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Health
Housing
Teaching in Korea
Working Conditions
- Is there a government agency I can contact in case of a contract dispute with a Korean employer?
- Can a foreign worker who does not have a work visa get help from the Ministry of Labor?
- As a foreign worker in Korea, am I entitled to maternity leave?
- Is my employer obligated to provide me with medical insurance?
- My employer enrolled me in a private insurance plan not the national one, is that legal?
- Can I get my own national health insurance coverage?
- My employer says that I have to go to a specific clinic/hospital? Can't I chose my own doctor/hospital?
- Does the national health plan cover 100% of my medical expenses?
- How much will it cost me to provide my own health insurance coverage?
- My employer has gone bankrupt owing me back wages and my air fare back home. Is there anything I can do?
- Is it true that as a foreign ESL teacher, I pay Korean income taxes 70% of my income, not 100%
- My employer wants us to work on promotions and special weekend camps for free or for less than our normal hourly wage. Can he do that?
- Which has more weight, labor law or the contract? Can a contract go against the law?
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