Comments on: Light posting http://www.rjkoehler.com/2005/05/06/light-posting/ Korea... in Blog Format Sat, 22 Nov 2008 17:49:25 +0000 http://wordpress.org/?v=2.6.3 By: dda http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16115 dda Wed, 11 May 2005 08:21:08 +0000 http://rjkoehler.com/?p=1592#comment-16115 Regarding loans: if you don?€™t locally hold assets in your own name, banks are not likely to loan to you, because you can?€™t collateralize the loan. You?€™ll have to deal with that anywhere. Er, yes and no... We bought a place, and borrowed half of its selling price. The collateral to this loan is the very place we buy. Standard practice. It's not like this place is going out of the country in my pocket... No matter how many folks tell you ?€?no?€™, continue making the rounds and keep asking the questions.You either have lotsa free time (and I mean to be envious, not demeaning), or it's your job to visit banks. Mine was to pester libraries. Didn't leave me much time to do bank shopping, and a few racist [as in based on ethnicity and alleged/supposed behaviour] rejections were all I could take. Of course, by 2000 I was set up with an LG card, with a 50 mio won credit line, for what matters, and by 2001, when I traded jobs, with a corporate Visa, so I didn't pursue the issue much any more. Of course, the credit issue in 2002 is still quite recent. On the other hand, my bank (the same who loaned me the money for the appartment) gave a Visa Gold card to my wife the first day she set foot in the bank. One would think that everywhere in the world, spouses have the same basic rights. Apparently, not. Regarding loans: if you don?€™t locally hold assets in your own name, banks are not likely to loan to you, because you can?€™t collateralize the loan. You?€™ll have to deal with that anywhere.
Er, yes and no… We bought a place, and borrowed half of its selling price. The collateral to this loan is the very place we buy. Standard practice. It’s not like this place is going out of the country in my pocket…

No matter how many folks tell you ?€?no?€™, continue making the rounds and keep asking the questions.You either have lotsa free time (and I mean to be envious, not demeaning), or it’s your job to visit banks. Mine was to pester libraries. Didn’t leave me much time to do bank shopping, and a few racist [as in based on ethnicity and alleged/supposed behaviour] rejections were all I could take. Of course, by 2000 I was set up with an LG card, with a 50 mio won credit line, for what matters, and by 2001, when I traded jobs, with a corporate Visa, so I didn’t pursue the issue much any more. Of course, the credit issue in 2002 is still quite recent.
On the other hand, my bank (the same who loaned me the money for the appartment) gave a Visa Gold card to my wife the first day she set foot in the bank. One would think that everywhere in the world, spouses have the same basic rights. Apparently, not.

]]> By: nitwit http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16114 nitwit Wed, 11 May 2005 07:26:30 +0000 http://rjkoehler.com/?p=1592#comment-16114 Dogbert, why are you stuck with buncha nitwits? Dogbert, why are you stuck with buncha nitwits?

]]> By: gbnhj http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16113 gbnhj Wed, 11 May 2005 03:38:11 +0000 http://rjkoehler.com/?p=1592#comment-16113 I got my current card on my own (though my wife found out about it first, then told me The decision to set you up with a card rests with the individual who's in charge locally. Assuming that you've got a job contract, and are a legal resident, you stand a good chance of approval - if they will only send in the paperwork. Most local managers doesn't want to have their record stained by having some non-Korean (who's paperwork they processed) default on their payments. No matter how many folks tell you ?€?no?€™, continue making the rounds and keep asking the questions. I used to have a KEB VISA that I got that way. It took a lot of perseverance; they didn't want to do it at first. Regarding loans: if you don?€™t locally hold assets in your own name, banks are not likely to loan to you, because you can?€™t collateralize the loan. You'll have to deal with that anywhere. I got my current card on my own (though my wife found out about it first, then told me

The decision to set you up with a card rests with the individual who’s in charge locally. Assuming that you’ve got a job contract, and are a legal resident, you stand a good chance of approval - if they will only send in the paperwork. Most local managers doesn’t want to have their record stained by having some non-Korean (who’s paperwork they processed) default on their payments. No matter how many folks tell you ?€?no?€™, continue making the rounds and keep asking the questions. I used to have a KEB VISA that I got that way. It took a lot of perseverance; they didn’t want to do it at first.

Regarding loans: if you don?€™t locally hold assets in your own name, banks are not likely to loan to you, because you can?€™t collateralize the loan. You’ll have to deal with that anywhere.

]]> By: Michael http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16112 Michael Tue, 10 May 2005 23:01:11 +0000 http://rjkoehler.com/?p=1592#comment-16112 Mr. Marmot, the jig is up! <a href="http://www.iht.com/articles/2005/05/09/opinion/edcohen.php" rel="nofollow">http://www.iht.com/articles/2005/05/09/opinion/edcohen.php</a> We all have to be ethical from here on out...like that will ever happen :) Mr. Marmot, the jig is up! http://www.iht.com/articles/20.....dcohen.php
We all have to be ethical from here on out…like that will ever happen :)

]]> By: dogbert http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16111 dogbert Tue, 10 May 2005 22:41:07 +0000 http://rjkoehler.com/?p=1592#comment-16111 I guess all this can be put down to YMMV. When I had an appendectomy here two years ago, I was not required to pay up front. As for the LG Card, no, there was no guarantee by the employer in that instance. You have an interesting point, though, hidden in your argument. You write: (technically, this would be the case for anyone with a work visa who seeks a service in Korea, even without the company?€™s knowledge, since the visa-providing company guarantees your behavior while you?€™re here)? If this were actually so, then wouldn't you think that guarantee would serve to allow foreigners credit? I guess all this can be put down to YMMV. When I had an appendectomy here two years ago, I was not required to pay up front.

As for the LG Card, no, there was no guarantee by the employer in that instance.

You have an interesting point, though, hidden in your argument. You write:

(technically, this would be the case for anyone with a work visa who seeks a service in Korea, even without the company?€™s knowledge, since the visa-providing company guarantees your behavior while you?€™re here)?

If this were actually so, then wouldn’t you think that guarantee would serve to allow foreigners credit?

]]> By: Jing http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16110 Jing Tue, 10 May 2005 21:47:06 +0000 http://rjkoehler.com/?p=1592#comment-16110 This post is like an episode of Seinfeld! This post is like an episode of Seinfeld!

]]> By: rowan http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16109 rowan Tue, 10 May 2005 20:59:25 +0000 http://rjkoehler.com/?p=1592#comment-16109 marmot, over 100 comments for a post about nothing. that'd have to make you wonder how much the actual posts contribute to the discussion here.......but don't worry, i read your posts more than the comments. marmot, over 100 comments for a post about nothing. that’d have to make you wonder how much the actual posts contribute to the discussion here…….but don’t worry, i read your posts more than the comments.

]]> By: dogbert http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16108 dogbert Tue, 10 May 2005 17:10:32 +0000 http://rjkoehler.com/?p=1592#comment-16108 Funny how many Korean service providers automatically equate "foreigner" with "flight risk", while willfully ignoring the fact that it is their fellow Korean citizens, such as Kim Woo Joong, who have fleeced the country of trillions of won, with which they fled overseas. But they're worried about us paying our phone bills. Nitwits. Funny how many Korean service providers automatically equate “foreigner” with “flight risk”, while willfully ignoring the fact that it is their fellow Korean citizens, such as Kim Woo Joong, who have fleeced the country of trillions of won, with which they fled overseas.

But they’re worried about us paying our phone bills.

Nitwits.

]]> By: slim http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16107 slim Tue, 10 May 2005 15:45:10 +0000 http://rjkoehler.com/?p=1592#comment-16107 If the thread winds down to real estate conversations that don't focus on that sacred guano-coated parcel known as Dokto or Takeshima, it may be time to wander over to the Nomad, who's stepped up with a second day of hard-hitting motor show coverage. <a href="http://lostnomad.blogs.com/the_lost_nomad/2005/05/more_2005_seoul.html#more" rel="nofollow">http://lostnomad.blogs.com/the_lost_nomad/2005/05/more_2005_seoul.html#more</a> If the thread winds down to real estate conversations that don’t focus on that sacred guano-coated parcel known as Dokto or Takeshima, it may be time to wander over to the Nomad, who’s stepped up with a second day of hard-hitting motor show coverage.

http://lostnomad.blogs.com/the......html#more

]]> By: Ray http://www.rjkoehler.com/2005/05/06/light-posting/#comment-16106 Ray Tue, 10 May 2005 15:36:11 +0000 http://rjkoehler.com/?p=1592#comment-16106 I'm fucking bored. So what's everyone up to? ;) I’m fucking bored. So what’s everyone up to?
;)

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