How do credit scores work in Korea for foreigners?
How do credit scores work in Korea for foreigners? How can I build my credit and check my score?
Note: This is an editorial persona question created from common experiences of foreign residents in Korea.
1 Answer
Korea uses credit scores from NICE and KCB, and foreigners build credit through a Korean bank account, a credit or check card, and on-time bill and phone payments. You can check your score for free in apps like Toss, KakaoBank, or Bank Salad. It takes time to build, so if you can't get a credit card yet, start with a check card or a secured card and keep everything paid on time.