Comments on: If You Live in Korea, and Like Money, Move Fast: http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/ News and views about Korean society and culture. Wed, 10 Mar 2010 23:29:52 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: 3gyupsal http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-218 3gyupsal Sat, 18 Oct 2008 02:36:34 +0000 http://www.koreasparkle.com/?p=347#comment-218 Make sure that what is being held back is your pension payment and not income tax. Contributions to the Korean pension system is what gets refunded, not the income tax. Make sure that what is being held back is your pension payment and not income tax. Contributions to the Korean pension system is what gets refunded, not the income tax.

]]> By: Roboseyo http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-215 Roboseyo Sat, 18 Oct 2008 01:01:10 +0000 http://www.koreasparkle.com/?p=347#comment-215 No prob, eh? My foreign supervisor had to do some pushing in order to get things rolling as well. No prob, eh? My foreign supervisor had to do some pushing in order to get things rolling as well.

]]> By: samedi http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-214 samedi Fri, 17 Oct 2008 21:40:45 +0000 http://www.koreasparkle.com/?p=347#comment-214 Oops, just saw on the FaceBook listing that the refunds are due out in December. Interestingly, when I mentioned the tax credit to my Korean co-workers at work this afternoon none of them had heard of it. Thanks for making me the "heads up" guy at work, Hub of Sparkle! Oops, just saw on the FaceBook listing that the refunds are due out in December.

Interestingly, when I mentioned the tax credit to my Korean co-workers at work this afternoon none of them had heard of it. Thanks for making me the “heads up” guy at work, Hub of Sparkle!

]]> By: samedi http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-210 samedi Fri, 17 Oct 2008 05:21:44 +0000 http://www.koreasparkle.com/?p=347#comment-210 I'm also having income tax deducted from my paycheck and will have it refunded to me when I leave the country. Like Ian in comment 1 I've heard that the accounting office for my hagwon has already taken care of the paperwork; I certainly hope that's the case. Any word on how long it will take for the refunds to be issued? I’m also having income tax deducted from my paycheck and will have it refunded to me when I leave the country. Like Ian in comment 1 I’ve heard that the accounting office for my hagwon has already taken care of the paperwork; I certainly hope that’s the case.

Any word on how long it will take for the refunds to be issued?

]]> By: Jaim http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-204 Jaim Fri, 17 Oct 2008 00:16:05 +0000 http://www.koreasparkle.com/?p=347#comment-204 (I'm an American btw.) (I’m an American btw.)

]]> By: Jaim http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-203 Jaim Fri, 17 Oct 2008 00:15:48 +0000 http://www.koreasparkle.com/?p=347#comment-203 I'm having it withheld, but I'm supposed to get it back at the end of my contract (12 months). I don't think I could change that, but maybe other people have different situations. I’m having it withheld, but I’m supposed to get it back at the end of my contract (12 months). I don’t think I could change that, but maybe other people have different situations.

]]> By: 3gyupsal http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-200 3gyupsal Thu, 16 Oct 2008 16:09:48 +0000 http://www.koreasparkle.com/?p=347#comment-200 Americans and I think Canadians are exempt from paying income taxes for two years anyways. Ask whoever is in charge of accounting at your school or hagwon for your pay slip, it should have the deductions including taxes and contributions to the pension fund. If you find that as an American or Canadian, you are being charged income tax, then that could be an opportunity for you to collect more every month, rather than the lump sum of only a couple hundred thousand won. Americans and I think Canadians are exempt from paying income taxes for two years anyways. Ask whoever is in charge of accounting at your school or hagwon for your pay slip,
it should have the deductions including taxes and contributions to the pension fund. If you find that as an American or Canadian, you are being charged income tax, then that could be an opportunity for you to collect more every month, rather than the lump sum of only a couple hundred thousand won.

]]> By: Secret Asian Man http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-199 Secret Asian Man Thu, 16 Oct 2008 08:03:28 +0000 http://www.koreasparkle.com/?p=347#comment-199 Actually, I just went through the entire process (I work at a consulting firm) and it ultimately ended up taking about an hour of my time. Essentially what I had to do was sign up for internet banking at my major bank, go to their site upon signing up and registering, then heading over to the site and working everything out through computer. If you have a facebook account you can go here: http://www.facebook.com/event.php?eid=45775441304 It's an event I started that more descriptively shows the steps I went through. Hope it can help. Actually, I just went through the entire process (I work at a consulting firm) and it ultimately ended up taking about an hour of my time.

Essentially what I had to do was sign up for internet banking at my major bank, go to their site upon signing up and registering, then heading over to the site and working everything out through computer.

If you have a facebook account you can go here:

http://www.facebook.com/event.php?eid=45775441304

It’s an event I started that more descriptively shows the steps I went through. Hope it can help.

]]> By: Roboseyo http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-198 Roboseyo Thu, 16 Oct 2008 07:49:01 +0000 http://www.koreasparkle.com/?p=347#comment-198 Thanks for the info, Jaim. Thanks for the info, Jaim.

]]> By: Jaim http://www.koreasparkle.com/2008/10/if-you-live-in-korea-and-like-money-move-fast/comment-page-1/#comment-197 Jaim Thu, 16 Oct 2008 07:21:01 +0000 http://www.koreasparkle.com/?p=347#comment-197 . . . of 2008, that is. . . . of 2008, that is.

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