Leaving Korea

Simplify your move. Our international banking services will handle the relocation of your finances so you can focus on preparing a new home for yourself or your family.

What You Need to Know

How Can Premier Help?

What Else Should I Know?

Unless you are a resident or citizen of the country you are moving to, you may require a visa or work permit. If you are going on a work contract, check with the company you will be working for to see if they will be arranging the necessary work permit on your behalf. You need a passport with more than six months of validity remaining and a picture to apply for a visa. Visit the embassy of the country you are moving to with qualification for your stay and photocopies of both front and back of your ID card. You should also contact the country’s embassy for details on their visa requirements as required documents and issue period may vary according to the purpose of your stay. To find a list of embassies and their contact details, you can visit Ministry of Foreign Affairs and Trade. (http://www.mofat.go.kr) Make sure you allow sufficient time to process all the necessary travel documents and check that you passport has a validity of more than six months.

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There are plenty of choices for accommodations according to your purpose and taste. If you are a Premier customer and planning to purchase overseas property for long-term stay or investment, HSBC’s International Service can help you. Premier customers can take preapproved home mortgage loans of up to 60% of property value in many countries around the world. We can help you to set up bank accounts in local currencies in many countries including US, Canada and China even before you move.

A Relationship Manager assigned to you will help you to secure loan and investment information. Also you will be accorded free consulting services with CBRE, specialized in real estate investment, in cooperation with HSBC Premier.

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Make sure you give plenty of notice to the moving company and confirm your booking ahead of time. Create a list of all the items that you want to ship overseas and ensure that you have copies of your travel documents stored in a safe place. You should consider getting insurance coverage for the shipment of your belongings to safeguard against any potential losses or damage.

Moving abroad starts from selecting a proper moving company. The recent profileration of overseas moving companies make your choice harder. Contact Korea International Freight Forwarders Association (822) 733 8000 to verify whether your chosen company is authorized with license.

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Schools and education are top priorities of any overseas move, particularly if you have children. Educational system may vary according to countries if you plan to send your child to overseas school. If your child is currently attending international school in Korea, there may be a complementary system in the country you are moving to. You could also contact the country’s government education department for more information on their public schooling if you would like to explore this option.

If you are a Premier customer, you are granted free consulting services with expertise of overseas studying agencies in cooperation with HSBC Premier Service. We help you to set up accounts for transactions in local currencies in 17 countries even before you move or you send your child abroad. It may be embarrassing to open a bank account in foreign countries because required documents and process are different from country to country. However, with HSBC’s International Service helping you to open overseas bank account before your move, you can do banking conveniently at your new destination.

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If you plan to drive in a foreign country, you will require the International Driver’s License and your own native driver’s license. Holders of Korean driving license can apply for International Driver’s License at driving license test station. International Driver’s License means the license for you to drive in associated countries and is valid for a year from the date you enter the countries. Extension and reissue of International Driver’s License are prohibited by international law. Therefore you are required to obtain the country’s driving license for longer stays.

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HSBC is one of the largest banking and financial organization in the world. Our international network comprises over 9,500 offices in 76 countries and territories in Europe, Asia Pacific, the Americas, Middle East and Africa. With 125 million customers worldwide, HSBC is experienced in offering financial services and advice that allow our customers to maximize their returns and be in control of their funds wherever they are in the world. Whether you are planning to move overseas, looking for investment opportunities outside Korea, buying property overseas, looking for an established school for your children or simply opening an account in another country, our experts at HSBC’s International Services can put you in touch with the market and country of your choice.

Things like opening an overseas bank account before you arrive at your new destination will give you time to concentrate on settling in and getting accustomed to your new environment. Our International Services can help you open an account for your bank transactions in the local currency. We can also help you arrange other financial services such as credit facilities and insurance to help you get started.
Contact our International Banking Officers to help you open an overseas bank account before your move. Also you can get financial information about deposit, investment and available loan products meeting your needs. FP at local HSBC branch will pre-provide you the duration of loan, LTV, interest rate and other conditions and documents required.

If your children are planning to study overseas, we can offer you and your children with the financial advice and products needed to help your children manage their money throughout their time as students.
You can use our global banking services wherever you are in the world and see the related contents through HSBC’s web site. We are doing our best to help you take the most advantage of HSBC’s International Services wherever you are, as well as providing synthetic and long-term financial management services.

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Studying Abroad

There are many things to consider when planning for an education overseas. Visit our Study Abroad Resource Centre for useful information on studying in Australia, Canada, US and the UK.

Like many parents, you want your children to get the best education abroad so they can have a successful start to their working lives. However, studying abroad is expensive and can be difficult for your children as well as for the family. So you need to be prepared for systematic financial planning though HSBC’s International Services. HSBC provides a wide range of financial services especially developed to meet the needs of students who plan to study abroad. With so many details to take care of, our local knowledge can help make things simpler and easier for you and your child.

We help you to set up accounts for transactions in local currencies in many countries even before you move or you send your child abroad. It may be challenging to open a bank account overseas because required documents and process may vary from country to country. However, with HSBC’s International Service can help you to open overseas bank account before your move, so that you can do banking conveniently at your new destination.

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