Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Saturday, July 24, 2010

Ridiculous Koreans...

...ridiculously efficient!

Living in Korea comes with its ups, and with those, it obviously, come the downs. One of those downs is the fact that we're still living within this very weird time/space called reality.

Reality dictates several things.
1) You jump off a tall building, you will get hurt.
2) You play with fire, you will get burned, eventually at least.
3) You want to live somewhere...there will be bills that need to be paid.


It's somewhat unfortunate, but as everyone out there (who has lived by themselves) knows that things need to be paid. Houses and apartments don't pay for themselves. There are things like electricity and gas bills, apartment complex levies and waste removal fees, and yes, regrettably, these things also apply in Korea. The difference in Korea is how you go about paying for this horrible accumulation of bills.

Coming from South Africa (which I will add I love and think is a beautiful, amazing country) I know all about inefficiency. I know what it's like standing in a queue at a bank or, more realistically, government department, for an hour, only being told that you were in the wrong queue once you get to the counter. Or the feeling of getting to a counter and being told you cannot be helped with your problem or enquiry, as you need to go the other city's department and do it there. Or possibly even the worst, being told you can be helped but then having to wait ridiculously long periods of time for a simple process.

Why you wait you don't know. Maybe the person behind the counter had a horrible accident and is lying at the bottom of a staircase with blood streaming from their eyes and mouth, unable to muster up enough energy to cry for help. Maybe they have been called in for a disciplinary hearing by their boss and have been fired and are, as you are waiting, in the process of unpacking their desk, crying because their family now has no one with an income to support them...dreadful stuff!

The reality however is usually more simple...in the middle of processing your request, they realised it's 12.01 and time for their lunch break, which was then promptly taken!

It came as a huge breath of revitalising fresh air, when we had to pay our first set of Korean bills. This is the process: Walk to the bank. Open the door. Walk to the counter. Greet the person behind the counter (who wants to do his/her job). Put down bills and the corresponding amount of money. Wait approximately 13.249 seconds for them to put the money in the till, stamp your bills and give you the appropriate change. Say goodbye. Leave.

I kid you not. And this process takes about 4 minutes. And those 4 minutes usually include the time you've had to wait after taking a number.

It truly is mind-blowing. I know there are other countries around the world that are as efficient, but I'll say it again, coming from SA this is simply magnificent!

Thank you Korea for making the worst part of my reality a completely painless experience!
Post by Oliver

Thursday, July 1, 2010

The Wonderful Won

The currency in Korea is won and it has taken some getting used to. This is because everything sounds expensive as a result of most items costing thousands of won.

Won denominations are as follows: coins 10, 50, 100, 500, and notes 1 000, 5 000, 10 000 and the big 50 000. Hmmm but what does it mean?

Well 1 000 won is about 1USD which is about R8 in South Africa. Now that is all good and well but telling how cheap and how expensive a country is is all based on what you get for your money.

In some regards Korea is very very cheap and in others not so much. For example:


  • An average taxi ride will cost you anywhere between 2 200 - 3 000 won (super cheap!)
  • A Shabu Shabu dinner (a four course meal which will leave you stuffed) for four excluding drinks will cost roughly 35 000 won (very cheap)
  • It is about 6 000 won for 150g of beef (flippen expensive...)
  • In a restaurant a draught beer will cost 3 000 won (average)
  • A cheap free standing fan...because you need one in these stinking hot summers... is roughly 35 000 won (resonable)
  • When it comes to take away joints, pizza in particular, prices can fluctuate dramatically from one place to another. In one pizza place a decent sized good tasting pizza will cost 5 000 won but in another it will cost 15 000 won.
  • Vegetables are also dirt cheap in Korea, they form the basis of most meals and you can only buy in bulk. For three massive cabbages you will pay 2 000 won.
  • Depending on where you buy it, a bottle of Soju is anywhere between 1 000 and 2 000 won (cheapest hangover ever)
  • A decent room at a pension or motel will cost between 35 000 - 50 000 won for the room (not too bad)
  • A city to city bus ride (about two hours) will cost you about 10 000 won (cheap cheap cheap) and might I add that these buses are also incredibly comfortable!
So in general it is cheap to drink, eat and get around (what more do you need!) but if you are planning on staying for a while then electronic items are likely to be more expensive than you would expect from an Asian country. Oh, and you can pretty much forget about eating beef (unless it is a treat) because it is just too pricey.

If a beef craving does attack...then I would suggest finding a korean buffet (yummmy) where there will be some decent beef available (not quite a South African medium rare rump steak but good nonetheless).

Hopefully this insert has given you some insight into the expenses you would encounter if ever you decided to visit Korea.

Post by Claudia