As I am leaving Korea and my severance is paid out I have quite a few dollars I want to take with me.
I am hearing that you cannot transfer more than 50,000USD a YEAR from Korea ....without reporting it. But who do I report it to?
I presumed it was the bank doing this (I think they must be sure if you go over your limit that the money is yours) everytime I completed the transfer papers....but maybe it is not.
Does anyone know? I don't want to mention it to my bank unless need be as they do tend then to stop everything and panic...not what I want when making a transfer.