Dear Sir,
I am a Hong Kong citizens, I would like to open a bank account in Korea. I have visited your website and I would like to know if there are still limitations for foreigners to open a bank account in Korea at this moment.
I knew that I must go to the bank in person, but I can only stay at Korea for 3 days. Can I open a account within 3 business days?
Regards,
Chris Leung
*New Restrictions on foreigners opening a bank account: As part of the fight against (voice mainly) phishing, Korean banks announced that beginning September 2007, foreigners would not be allowed to open a bank account for at least three months after obtaining their alien registration card. Further, foreign account holders are to be limited to over-the-counter transactions and not allowed to use the ATM's for their banking for three months after they have opened their new account. However, we've noted that the policy isn't applied to everyone and that whether or not it is applied at all, varies from branch to branch, even within the same bank.
