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Required Documents |
| Wage or income earned in Korea |
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After designating the correspondent bank, you can send your wages or incomes earned in Korea.
<Required Documents> |
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An application for foreign exchange bank designation (The Bank form) |
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A copy of passport and Alien Registration card |
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Documents verifying the reasons and amount of such incomes
(salary statement etc.) |
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A certificate of tax payment verified by the employer |
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A certifcate of tax payment (Self-employees) |
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| Social security or pension fund |
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Social security or pension fund given in Korea can be transferred.
<Required Documents> |
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An application for payment (KEB form) |
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A copy of passport and Alien Registration card |
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Documents verifying the reasons and amount of such incomes
(pension certificate etc.) |
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| Foreigners who have stayed for more than 5 years |
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Foreigners who have stayed in Korea for more than 5 years are eligible for Donative Payment after designating the correspondent bank.
<Required Documents> |
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An application for the designated correspondent bank (KEB form) |
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An application for payment (KEB form) |
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A copy of passport and Alien Registration card |
| * |
In case of Remittance exceeding USD1,000, you have to deal with the designated correspondent bank, and In case of remittance exceeding USD 50,000 you need to acquire an approval?from the governor of the Bank of Korea before remittance. |
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| Money in external account deposits |
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Foreign currency deposits can be freely transferred.
<Required Documents> |
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An application for payment (KEB form) |
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A copy of passport or Alien Registration card |
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| Means of Foreign payment whose acquisition or holding is admitted |
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Foreigners can transfer their Means of Foreign payment (foreign currency or traveler's checks).
However, in the case of exceeding USD 20,000, you can send money within the amount of "Declaration of Foreign Exchange".
<Required Documents> |
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An application for payment (KEB form) |
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A copy of passport or Alien Registration card |
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Declaration of Foreign Exchange (in the case of exceeding USD 20,000) |
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| Overseas travel expenses |
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Foreigners (who will stay in foreign country for more than 30 days and be overseas sojourners)?working for companies or research institute in Korea are allowed to exchange or transfer for?overseas travel expenses after designating the correspondent bank.
<Required Documents> |
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An application for the designated correspondent bank (KEB form) |
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An application for payment (KEB form) |
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A copy of passport or Alien Registration Card |
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A certificate of business trip or dispatch issued by head of the foreigner's organization |
| * |
In case of Remittance exceeding USD100,000 you need to get an approval from the governor of?the Bank of Korea before remittance application. |
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| Remittance for acquisition of shares or holdings in overseas parent company |
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Foreigners, who work for foreign invested companies, branches or offices in Korea of foreign companies or banks in pursuant to the Foreign Investment Promotion Act, can transfer for the purpose of acquisition of shares or holdings of overseas parent company.
<Required Documents> |
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An application for payment (The Bank form) |
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A copy of passport or registration card of foreigner |
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A certificate of employment |
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Documents showing the reason and amount (including notice of allotment of shares) |
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