What do you need to know to study in Korea and exchange money?

What do you need to know to study in Korea and exchange money?

Money has become an appendage of matter and symbol, which is closely related to our daily life. The currency in circulation in South Korea is Korean won, 1 RMB = 164.382 won (exchange rate fluctuates), and there are Korean banknotes of 1000, 5000, 10000 and 50000.

It is safest to bring RMB when you first arrive in Korea.

Choosing to bring RMB is the most reasonable way to exchange money. If you convert it into dollars at home, you will lose part of the exchange rate. If you change the exchange rate into won when you arrive in Korea, you will lose some of it. A lot of things need money to go out. Everyone must adhere to the principle of saving money and don't let go of these small details.

Choose the right place to exchange Korean won.

The exchange rate has been changing quietly. Even if you can find exchange rate information online, it may not be accurate. Different places have different tuition fees for changing money. Here, Weijiu study abroad experts will tell you where to exchange won is more cost-effective.

Recognized exchange shop

Advantages: higher exchange rate is provided, and the business hours are later than those of banks.

Disadvantages: small quantity, not easy to find.

Although Korea is a prosperous and convenient country, exchange shops are not the kind that can be seen everywhere. Generally recognized exchange shops can only be seen in prosperous areas (such as Myeongdong, Dongdaemun, itaewon), but they are not as convenient and easy to find as banks if they are compared with places that provide exchange services (note: foreign currency exchange signs such as US dollars and Japanese yen are posted on general signs, which is one of the bases for recognized exchange shops).

It is also necessary to popularize the folk exchange shops here, which may be used by everyone. Private exchange shops are the so-called open black market. Don't be afraid to hear these two, because the black market (which is safe and legal in Korea) is generally local foreigners and foreigners who live for a long time. They seldom take foreign currency to the bank to exchange Korean won, mainly near major shopping areas (Myeongdong and Dongdaemun), and of course there are some scattered self-operated money exchange shops. There is no risk of counterfeit money in private money exchange offices. Don't worry, if you want to get the exchange rate, please exchange it in (US dollars). Some places are closed on weekends and holidays, but the money exchange office in itaewon is also open on weekends and holidays. Generally, money exchange offices will have signs written in Chinese, English, Korean and Japanese.

Local bank

Advantages: easy to find and stable exchange rate.

Disadvantages: Long queue time.

Local banks generally use Korean and English logos, so that you can see them at a glance and find them easily. Compared with other exchange offices, the exchange rate of banks is stable and safe, but there are usually long queues and inconvenient business hours until the afternoon, weekends and holidays. I suggest you allocate your time reasonably.

airport

Advantages: quick and worry-free

Disadvantages: the exchange fee is high.

This exchange method is only suitable for small urgent needs, and it is a way to exchange money for international students with large demand. Generally, in the foreign currency exchange office of the airport, "foreign currency exchange" is written conspicuously in Chinese or English, which is easy to find and clearly indicates the exchange rate, because considering the delay of the plane, some foreign currency exchange offices can provide foreign currency exchange services 24 hours a day like shops, but the handling fee of foreign currency exchange offices that are open 24 hours a day,

grocery store

Advantages: efficient and fast.

Disadvantages: the exchange rate is not ideal

Department stores are generally located in busy areas, so as long as they can provide foreign currency exchange services during business hours, it is relatively fast and convenient. At Dongdaemun, a large shopping mall similar to DOOTA is open until midnight on weekdays. Although it is convenient to shop at night, there are many customers and the exchange rate is extremely unstable because of convenience.

hotel

Advantages: wide coverage and easy to find.

Disadvantages: the exchange rate difference is too high.

Almost all hotels have this foreign currency exchange service, but compared with other exchange methods, the service fee is higher, and sometimes there is a difference of tens of thousands of won. I advise you not to use this method unless you are extremely anxious.

Don't bring too much cash.

It's obviously not safe to go out with too much cash. At this time, if you choose to bring UnionPay cards, it will be much more convenient. You can do it well in China in advance, you can take an empty card to Korea, or you can save the money and bring it back. After arriving in Korea, any ATM with UnionPay logo can withdraw Korean won. It is suggested to present Korean banks: Beneficiary Bank, shinhan bank, hana bank, SC First Bank, Foreign Exchange Bank, Enterprise Bank and Busan Bank.

Further reading: How to study in Korea?

1, work regulations

To work in Korea, you must abide by relevant regulations. International students can't choose to work and study in the first half of the year, and they can only apply for a job with a student visa after half a year.

During the period of studying abroad, the time for work-study program is up to 20 hours from Monday to Friday, and there is little demand for other time.

2. Common part-time jobs

If your Korean level is average, most of them work as cashiers, waiters and ticket buyers in convenience stores. This kind of work is hard and the hourly salary is not high, which will not help you much in your future development. Students who are not particularly short of money suggest not to do it.

If you speak Korean well, you can be a tutor or a tour guide. This kind of work is relatively easy and the salary is high. Relatively speaking, you can earn money and study.

In Korea, there is a great demand for Chinese teachers, who can get about 100 yuan in an hour, and the workload is not great.

No matter which part-time job you choose, you can't affect your studies, otherwise you must give up decisively.

3. Matters needing attention in work

The cost of studying abroad in South Korea is relatively low, but the living consumption level is higher than that in China. Many students want to solve their living expenses through work-study programs, which is a good thing.

But don't forget, the purpose of studying abroad is to live a better life in the future, so it will definitely take a lot of time and energy in school. If the work-study program leads to unqualified academic performance, it will not be worth the loss.

Extended reading: saving money skills in studying in Korea

First, apply for a scholarship.

The quickest way to make money is of course to apply for a scholarship. There are many scholarship programs for international students in Korea. As long as everyone can meet the requirements, they can submit applications, and the winning rate is high and the bonus is rich.

If you can submit multiple applications at the same time, and all of them are successful, then you don't have to worry about the living expenses, but this will be a minority, and it will be good for most students to get scholarships.

Second, do part-time jobs.

A fairer way to make money and taking a part-time job are two different things from a formal job. Students are not required to have strong skills, as long as they can do basic work and will not touch the core work.

So everyone's initiative is still relatively strong. What you have to decide is what kind of job you want to do, which can effectively exercise your professional skills and help you find a job in the future.

Third, buy second-hand books.

Then there is the purchase of vegetables. Most students may prefer to buy second-hand books because it can save a lot of money. After all, it is convenient to buy physical books, but the price is very expensive.

There are many channels to buy second-hand books. You can buy them directly from seniors or go to the second-hand book section of the bookstore, or you can directly search on the professional second-hand book website, which can save at least half the cost.

Fourth, cook for yourself.

Daily catering is also an important aspect of saving money. You can consider cooking by yourself, you can save half of your daily expenses, and you can also decide the menu.

According to the survey, most international students will choose to cook by themselves after going abroad, which can not only save money, but also increase contact with friends.