Procedures for opening an account Non-residents Free Korean Won Accounts Non-residents Free Korean Won Accounts for Equities Investments Non-residents Foreign Currency Accounts Features Non-residents can deposit the money remitted from abroad or carried into Korea, into a free Korean won Account, and can make overseas remittance of the full balance. Eligibility Non-residents prescribed in the Foreign Exchange Control Act. Applicable Deposits : Ordinary Deposits, Current Deposits, Savings Deposits, Time Deposits Required Documents Application for deposit transaction(The Bank form) Documents verifying the real name including passport Applicable Funds Foreign fund remitted from overseas or carried into Korea Fund acquired from Korean won-denominated transactions from residents (through current or re-assurance transactions) (¡Ø Documents verifying the transactions including contract document are required.) Fund transferred from other non-resident free Korean won Accounts or Korean won accounts for securities investment in applicant's real name Disposal of deposits Overseas remittance Payment to residents for Korean won-denominated transactions (through current or re-assurance transactions) for residents (¡Ø Documents verifying the transactions including contract document are required.) Transfer into other non-resident free Korean won Accounts or Korean won accounts for securities investment in applicant's real name Documents required for overseas remittance Application for payment (The Bank form) Passport