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Diamond City Weekly

Living in Korea, explained properly.

Visas, banking, phone plans, taxes and housing — written for people who actually have to do it, and sourced from the published criteria.

Banking

Korea International Transfer: How to Send Money Abroad as a Foreign Resident

The practical mechanics of an international transfer from Korea — the annual limits that apply to foreign residents, the documents banks require, how a bank wire compares with transfer apps, and the mistakes that get transfers returned.

korea international transfer — Read guide

What's in this guide

  • Foreign residents can send up to USD 50,000 a year without source documents; larger amounts need proof of where the money came from.
  • Banks verify earned income with payslips, an employment certificate and a withholding tax receipt before releasing salary remittances.
  • Compare the total amount the recipient receives, not the advertised fee — the exchange margin is where most of the cost sits.

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