Cash Archives | Be Korea-savvy
S. Korea to Give Cash Payouts to 2.8 mln Households This Week amid Pandemic

S. Korea to Give Cash Payouts to 2.8 mln Households This Week amid Pandemic

SEOUL, May 3 (Korea Bizwire) – The government plans to start giving cash payouts to around 2.8 million virus-hit households starting this week, the interior ministry said Sunday. Under the measure, eligible households — including those under the government’s low-income support or disabled pension scheme — will receive up to 1 million won (US$817) in cash on [...]

In digitized S. Korea, Going Cashless Not an Option

In digitized S. Korea, Going Cashless Not an Option

SEOUL, Jul. 2 (Korea Bizwire) — Throughout history, a new invention or technological advance has often allowed people to carry less with them. For instance, the invention of coins helped reduce the burden of people carrying loads of goods they wished to trade. Just decades ago, it would have been considered unwise, or even unthinkable, [...]

FSS Publishes Financial Guidebook for English, Indonesian Speakers

FSS Publishes Financial Guidebook for English, Indonesian Speakers

SEOUL, Aug. 22 (Korea Bizwire) – The Financial Supervisory Service (FSS) said Monday it has published a guidebook on local finance for English and Indonesian speakers so that they can use full and reliable services in South Korea. The Foreign Residents’ Guide to Personal Banking and Finance in Korea contains information on banking, currency exchange, [...]