Money
Financial system in South Korea
Recent Stories
Queen of the Side Hustle: Gigs in Korea
Studying abroad is everyone’s dream. But life as a student abroad is not always rainbows and unicorns. I arrived in Korea without adequate funds as my scholarship only covered tuition. My…
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700,000 Per Child: Monthly Parental Stipend in Korea
Beginning January 1, 2023, the South Korean government has introduced a monthly parental stipend in South Korea. Parents can apply to receive 700,000 KRW per month for children under the age…
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Original Thatched Cottage: Cheap Food in Apgujeong
Where can one find cheap food in Apgujeong, you ask? Amid the glittering displays of affluence that reign supreme in Seoul’s most prestigious neighborhood, this broke man can find but…
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Seoul Transportation Subsidy for Pregnant Women
The Seoul Metropolitan Government has a program to provide a transportation subsidy for pregnant women. The benefit is available for Korean residents and foreign spouses of Korean nationals…
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How to Apply for a Pregnancy Voucher in Korea
The South Korean government issues pregnancy vouchers to expecting mothers. These vouchers can be used for any additional medical expenses not covered by insurance during the period of…
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Alarming Debt Defaults Among Korean Corporations
This year is not very good for the Korean won. Value has sharply dropped compared to the US dollar value. The government has been trying to neutralize the money flow inside and outside of the…
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Maternity Benefits in South Korea Pt.1
It’s no secret that South Korea wants women to have more babies. With one of the lowest birth rates in the world, the government continues to increase maternity benefits in the hopes…
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Cyber Attack: Be Careful of Smishing
Technology is becoming more and more integrated with every aspect of our lives. While it does make our lives easier, there is also a negative side. There is an increasing number of criminals…
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Apple Pay in Korea: December Launch?
Up until now, there has been no Apple Pay in Korea. However, there are increasing talks of launching services as early as December 2022. Although no official news has come out yet, insiders…
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Foreigner-Friendly Korean Banking App: Toss!
As a foreigner living in Korea, I found it difficult for me to manage my bank accounts. I am using two banks: Shin Han and Hana, but open bank service is not available for foreigners on these…
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