I've mentioned once or twice in the past about my frustration with Korean banks, but the JoongAng Daily has recently confirmed what I've largely suspected: Korea banks have separate and discriminatory policies when dealing with foreigners living in Korea:
According to Lee, each local bank has different policies on issuing cards. Some banks issue the debit card without any restriction on foreigners while others limit the amount of money a foreigner can withdraw with the card to 10,000 dollars on a given trip out of the country. Many banks simply won’t issue any debit card to foreigners.While researching this article I came across a KEB survey via Korea4Expats. It's a real nice effort and explains why the bank was tied for first place in Teaching Kimchi's bank poll. However I'm still sold on CitiBank for it's almost scary global dominance.
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