Finance
Remittance, currency exchange, loans, and identity verification — foreigner finance info in one place. (Remittance is info only, not a service we provide.)
Sending Money Home — Info
Hangukin does not provide a remittance service — the below is general information only. To send money home, use a bank or a fintech registered as a “small-amount overseas remittance business” with the financial authorities. Even for the same amount, the rate, fees, and speed differ by service, so before sending, compare “applied rate + fees + received amount + speed” together. ⚠️ Rates and fees vary by provider and timing (we do not quote fixed figures here).
Currency Exchange
You can exchange currency at banks, the airport, registered exchange shops, or bank apps. The below is general information only — Hangukin does not exchange currency for you. City exchange shops or bank apps usually offer better rates than the airport. ⚠️ Rates vary by provider and timing, so we do not quote fixed figures — compare and confirm directly.
Loans for Foreigners
Foreigners can get loans from banks or registered financial companies if they meet conditions like remaining stay, income, and credit. However, requirements are strict and you may be declined. The below is general information only — Hangukin does not provide loans. ⚠️ Rates and limits vary by timing, institution, and personal credit — we do not quote fixed figures. 🚨 Always avoid illegal high-interest private lending.
Identity Verification
Many Korean apps, financial, and public services require “identity verification.” As a foreigner, you usually need a phone registered in your own name (opened with your ARC) to pass. A phone in someone else’s name may not work. The below is general information. 🚨 Verification data is highly sensitive — if someone offers to “verify on your behalf,” treat it as a warning sign.
Getting a Credit/Debit Card
A debit (check) card can usually be issued right away if you have a bank account. Credit cards require conditions like remaining stay, income, and credit, so foreigners may be declined. Start with a debit card and build a track record. The below is general information. ⚠️ Card terms, limits, and fees vary by issuer, personal situation, and timing — we do not quote fixed figures. Hangukin does not issue cards.
Managing Your Credit Score
In Korea, loans, credit cards, and some phone contracts are affected by your ‘credit score.’ Foreigners are also assessed once transaction/payment records in their own name build up. Paying on time without delinquency matters most. The below is general information. ⚠️ How scores are calculated varies by bureau and timing, so we do not state fixed criteria. Hangukin does not provide credit checks or loans.
This is general information, not an ad or referral. Rates, fees, and conditions change often — always verify with each service or financial institution before use. ⚠️ Never use illegal high-interest lenders.