I have lived and worked in South Korea sense 2006 and I soon will retire for good and live out my remaining days there. My wife and I plan on spending the cold months in Thailand and the warm months in Korea. and the best part is all of this is going to happen in January of 2023.
Cooking at home doesn't save much money but you can eat healthier. Dining out can be only slightly more expensive or almost the same if you eat in local places!!
Have you heard about what sending kids to school is like there? I guess most retirees don't have school-age kids so it's doesn't get brought up very often. Won is pronounced "won" not "wong" btw.
Ronin Blue If you have decent retirement money, it's probably ok to live in. Is health insurance really only $50/month ? Are you sure ? Even for those on a tourist visa ? Maybe I misunderstood.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@FlorentGulliver Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
I was born in Korea. Currently, considering spending 6 months in Korea each year. Three months in Spring, three months in autumn. Summer is extremely humid and beyond warm. The winter is bitter cold. I already have family ancestral house that is still kept in good condition in a country side. So, I am starting from completely different situation than you guys. If you are planning on retiring in Korea. 1. Expensive - All those UA-cam video of English instructors showing off their apartments are being provided by School. Mostly. 2. Expensive - Car, clothing, food, drinks. 3. Foods- Acquired taste, other than BBQ, you may experience some difficulties 4. People - Most older people don't speak English, young people may understand more. Polite when they got to know you. cold shoulders to strangers. 5. Seoul - cost same as living in Silicon Valley or nicer part of Orange County 6. Living in Korea is not cheap. The small cities or Countryside usually sucks, boring. (small satellite cities near Seoul is okay but still expensive) 7. Safety- yes it is very safe 8. Medical, Infrastructures are first world. 9. Education for young - if you send kids to regular Korean public school -free but still good, kids will get stressed out. Foreign school - expensive Overall, you may try living there for a few(months or) years to see if you like the country, but do not pack up and move to Korea. A decent apartment in Seoul where you can live like rest of upper middle will cost 1.5 to 2 million dollars. If you are foreigner over fifty yrs old and not financially well endowed, do not go there. Basically, no one really move to Korea to retire. It cost same or more than country you are moving from. 8 Best reasons to retire to South Korea in 2022!??????- Korea is not a country where you retire - move to Southeast Asia.
Everything you said is true. My wife and I live modestly on a fixed income, I am not struggling at all, between my wife and I we usually spend $1400 a month for health insurance, rent, phone, electricity, water, gas, internet and food we have a nice rental villa we live in. I feel I live better than I ever did in the USA. I don't live in the city of Seoul, I live in Pyeongtaek city. It has everything I could ever want or need.
I am retired in Korea even though it costs more than retiring in SEA because I love hiking. No country in the world has access to so many mountains by easy transportation access and also safe usually!!
This was a well-made video. I would add that even though Seoul produces its own sizable share of pollution. A large portion of the pollution and the yellow dust season you mentioned that wreaks havoc in SK also comes from china. Due to the wind currents, SK is downwind from alot of their pollution.
@RoninBlue Thanks for your great and informative vid about SK living! I've been to SK a few yrs ago with my elder sister and I must say we both loved our vacation and plan to visit again! Since then I've learned a bit of the Korean (Hangeul) language which is not hard at all albeit I'm still struggling to understand and memorize some of them till now :) However, if I have to retire in SK I think I'd choose Busan or other small towns in SK since Seoul is a bit pricey to live in! Not sure if you're allowed to anwer this but have you been living in Korea or must be born & raised there perhaps? Just curious I think :) 😄
I lived in Korea for a few years back in the 90s and it was very expensive. I bought a pair of LEE Jean's and paid $70.00 for them. And learning the language is not easy.
@@eddenoy321 But Japanese is much easier to speak and understand. It's just reading and writing thats difficult. Korean is the exact opposite. Easy writing system but much more difficult to speak and understand especially for a westerner.
I tried to watch this but you kept saying "wong" instead of won and it really put me off. It's like you're trying to make it sound "Asian." It's pronounced just like the English word "won" or "one."
Korea is very expensive. Also, the smell of sewer in the streets of city is something I could never get used to. It makes impossible just go for a stroll in the city. Personally, I would never live in Korea for many other reasons.
China was in reverse influenced by the koreana (hong seng culture). the only thing that was influenced by the Chinese were the confuscious teaching when the country Koryo was over turned by one of it's general and a new state Chosen was formed. They lost power to stoop down to China to accept the chinese culture! The chinese system fo writting is reviewed as the hongseng culture is being excivated recently that it was the korean who started the now known chinese system of writting! check out hong seng culture.
It's obvious that you've never been to Korea and are just repeating things you found online. No westerners retire in Korea currently and older westerners are quite rare here. It's simply not possible unless you are married to a Korean and is largely undesirable.
Well Yanbian doesn't resemble South Korea at all according to my memory. They are two different worlds. Yanbian is the rice bucket of North East China thanks to Koreans who immigrated there 3 centuries ago. Its vast ancient forest provides protection for Siberian Tigers, Snow Leopards, and wild Red Ginseng. The area thrives on winter tourism. Nowadays you may reach Yanbian by High Speed Rail from Tsingtao City, Shandong province. FYI I visited South Korea in the 80s while serving with the British Armed Force.
I have lived and worked in South Korea sense 2006 and I soon will retire for good and live out my remaining days there. My wife and I plan on spending the cold months in Thailand and the warm months in Korea. and the best part is all of this is going to happen in January of 2023.
Sound romantic!
Great video. I took some note. I plan on retiring there in 2023. Was in the US ARMY there back in 85-87. Loved it. I know its another world now.
Cooking at home doesn't save much money but you can eat healthier. Dining out can be only slightly more expensive or almost the same if you eat in local places!!
Have you heard about what sending kids to school is like there? I guess most retirees don't have school-age kids so it's doesn't get brought up very often. Won is pronounced "won" not "wong" btw.
I lived there for a few years and the kids go to school six days a week.
Ronin Blue If you have decent retirement money, it's probably ok to live in. Is health insurance really only $50/month ? Are you sure ? Even for those on a tourist visa ? Maybe I misunderstood.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.
@@FlorentGulliver Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY* , a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@@AlilatTiamiyu Oh please I’d love that. Thanks!
@@FlorentGulliver *MARGARET MOLLI ALVEY*
Lookup with her name on the webpage
I was born in Korea. Currently, considering spending 6 months in Korea each year. Three months in Spring, three months in autumn.
Summer is extremely humid and beyond warm. The winter is bitter cold. I already have family ancestral house that is still kept in good condition in a country side.
So, I am starting from completely different situation than you guys.
If you are planning on retiring in Korea.
1. Expensive - All those UA-cam video of English instructors showing off their apartments are being provided by School. Mostly.
2. Expensive - Car, clothing, food, drinks.
3. Foods- Acquired taste, other than BBQ, you may experience some difficulties
4. People - Most older people don't speak English, young people may understand more. Polite when they got to know you. cold shoulders to strangers.
5. Seoul - cost same as living in Silicon Valley or nicer part of Orange County
6. Living in Korea is not cheap. The small cities or Countryside usually sucks, boring. (small satellite cities near Seoul is okay but still expensive)
7. Safety- yes it is very safe
8. Medical, Infrastructures are first world.
9. Education for young - if you send kids to regular Korean public school -free but still good, kids will get stressed out.
Foreign school - expensive
Overall, you may try living there for a few(months or) years to see if you like the country, but do not pack up and move to Korea.
A decent apartment in Seoul where you can live like rest of upper middle will cost 1.5 to 2 million dollars.
If you are foreigner over fifty yrs old and not financially well endowed, do not go there.
Basically, no one really move to Korea to retire. It cost same or more than country you are moving from.
8 Best reasons to retire to South Korea in 2022!??????- Korea is not a country where you retire - move to Southeast Asia.
Thanks
Everything you said is true. My wife and I live modestly on a fixed income, I am not struggling at all, between my wife and I we usually spend $1400 a month for health insurance, rent, phone, electricity, water, gas, internet and food we have a nice rental villa we live in. I feel I live better than I ever did in the USA. I don't live in the city of Seoul, I live in Pyeongtaek city. It has everything I could ever want or need.
I am retired in Korea even though it costs more than retiring in SEA because I love hiking. No country in the world has access to
so many mountains by easy transportation access and also safe usually!!
@@jeffreywilliams2240I was born there and got to visit last 2 months
This was a well-made video. I would add that even though Seoul produces its own sizable share of pollution. A large portion of the pollution and the yellow dust season you mentioned that wreaks havoc in SK also comes from china. Due to the wind currents, SK is downwind from alot of their pollution.
Kan Poonggi is originally a Chinese chicken dish. In the USA it is called General Tso's chicken!!
@RoninBlue Thanks for your great and informative vid about SK living! I've been to SK a few yrs ago with my elder sister and I must say we both loved our vacation and plan to visit again! Since then I've learned a bit of the Korean (Hangeul) language which is not hard at all albeit I'm still struggling to understand and memorize some of them till now :) However, if I have to retire in SK I think I'd choose Busan or other small towns in SK since Seoul is a bit pricey to live in! Not sure if you're allowed to anwer this but have you been living in Korea or must be born & raised there perhaps? Just curious I think :) 😄
I lived in Korea for a few years back in the 90s and it was very expensive. I bought a pair of LEE Jean's and paid $70.00 for them. And learning the language is not easy.
Chuck Hines It is easier to read than Japanese , I guarantee you.
@@eddenoy321 But Japanese is much easier to speak and understand. It's just reading and writing thats difficult. Korean is the exact opposite. Easy writing system but much more difficult to speak and understand especially for a westerner.
Good job.
Thank you
An excellent review of Korea and it's culture.
I tried to watch this but you kept saying "wong" instead of won and it really put me off. It's like you're trying to make it sound "Asian." It's pronounced just like the English word "won" or "one."
You need much more researching
Many of pictures that you shows are definitely not korean one
Koreans are not as open mind as you say. For the rest, ir's a great video!! I'm thinking to retire there.
Korea is very expensive. Also, the smell of sewer in the streets of city is something I could never get used to. It makes impossible just go for a stroll in the city. Personally, I would never live in Korea for many other reasons.
China was in reverse influenced by the koreana (hong seng culture).
the only thing that was influenced by the Chinese were the confuscious teaching when the country Koryo was over turned by one of it's general and a new state Chosen was formed. They lost power to stoop down to China to accept the chinese culture! The chinese system fo writting is reviewed as the hongseng culture is being excivated recently that it was the korean who started the now known chinese system of writting! check out hong seng culture.
It's obvious that you've never been to Korea and are just repeating things you found online. No westerners retire in Korea currently and older westerners are quite rare here. It's simply not possible unless you are married to a Korean and is largely undesirable.
This is true; most of them prefer Thailand because it's cheaper and plenty of kids they can molest without getting into trouble.
Rowen I live here do you want to meet up?
I rather retire in Yanji, capital city of Yanbian Korean Autonomous Prefecture.
I agree. It is like Korea in the 70s or before and much cheaper and slower!!
Well Yanbian doesn't resemble South Korea at all according to my memory. They are two different worlds. Yanbian is the rice bucket of North East China thanks to Koreans who immigrated there 3 centuries ago. Its vast ancient forest provides protection for Siberian Tigers, Snow Leopards, and wild Red Ginseng. The area thrives on winter tourism. Nowadays you may reach Yanbian by High Speed Rail from Tsingtao City, Shandong province. FYI I visited South Korea in the 80s while serving with the British Armed Force.
Downside? Seoul is in artillery distance of the North.
You're 100x more likely to die in a car wreck than from artillery fire.
Yes. You can get nuked any time by Kim Jung Eun! LOL
Nepal🇳🇵🇳🇵🇳🇵🇳🇵