i. Faxed documents are acceptable
ii. One has to submit the proof of residence when opening up an account
as a non-resident.
iii. One is not required to prove the residence, if one has already
obtained an investment ID issued by the Korean government.
iv. In the case of Account Open only with a passport is
subject to the same tax rate as the one applied to domestic investors.
v. Limitations on the account activities based on the currency
- KRW accounts : No overseas wire transfer, Free withdrawals from
tellers
- Foreign currency denominated accounts : Free overseas wire transfer,
No withdrawals from tellers
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Required documents(one of the followings)