How do I open a bank account in Korea as a foreigner?

Opening a bank account in Korea is fairly straightforward as long as you have your Alien Registration Card (ARC) in hand. You'll need your passport, ARC, a Korean phone number, and proof of address such as a utility bill or housing contract. For employees, your employment contract or certificate of employment helps a lot, especially with daily transfer limits.

For foreigner-friendliness, KEB Hana Bank is the most recommended, with full English service, dedicated foreigner counters at Itaewon, Gangnam, and major branches, and the easiest mobile banking app for non-Korean speakers. Shinhan Bank's SOL app also has good English UI and they have global desks at Myeongdong and Hongdae branches. Woori Bank is decent and partners with the immigration office for ARC pickups. Avoid going on lunch hour (12-1pm) when staff is limited. Internet banking and OTP card require a separate registration visit, but everything can usually be wrapped up in one trip lasting about an hour. Initial overseas remittance limits are 50,000 USD per year, which can be raised by submitting tax records later.