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  • cryden
  • Waygookin

    • 15

    • October 21, 2015, 07:21:35 am
    • Korea
Busan - Collecting Severance - solved
« on: May 16, 2019, 07:22:33 am »
I'm having a problem with arranging my severance pay.  The school will send my last month's paycheck to my normal bank account (KEB EasyOne), but they say they can't send my severance pay there.

My school is telling me that my severance must be payed into a special account at Busan Bank.  They say it's impossible to send it to my KEB EasyOne remittance account.  I'm told that I must open a special bankbook (IRP) at Busan Bank.  Do any of you have any experience in a situation like this?  Any tips?  I appreciate your help!
« Last Edit: May 16, 2019, 02:42:41 pm by cryden »


  • cryden
  • Waygookin

    • 15

    • October 21, 2015, 07:21:35 am
    • Korea
Re: Busan - Collecting Severance - MUST BE BUSAN BANK
« Reply #1 on: May 16, 2019, 02:41:09 pm »
Updating in case any future teachers encounter this problem.

After contact with the MOE and the bank directly, the problem was resolved.  Creating an IRP is not necessary for foreigners.  The school should be able to send the severance pay to your bank account without you having to open a unique bankbook.