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Banking & Finance
Open accounts, send money home, set up Kakao Pay and Naver Pay — everything about managing money in Korea.
Opening a Bank Account
Kakao Bank (Recommended)
Shinhan Bank & IBK
Sending Money Home (Remittance)
Naver Pay & Kakao Pay
Note: Bank policies change regularly. Always check the official bank website or visit a branch for the latest requirements, especially after policy updates.
Transfer Fees at a Glance
Kakao Bank domesticFree
Kakao Bank intl. transfer₩5,000/transfer
Wise transfer~0.5% of amount
Bank wire (domestic bank)₩500–2,000
Bank wire (international)₩25,000–50,000
ATM withdrawal (abroad)₩2,000–3,000
Official Links
Pro tip: Get Kakao Bank first
It's the fastest to open (15 min on your phone), has no fees, and integrates with Kakao Pay for daily spending.
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