Seoul is the capital and largest city in South Korea. As the political, financial, cultural and educational centre of the nation, it is a popular destination for many expats moving to Asia. Seoul has been listed by UNESCO as a City of Design: Changdeok Palace, Hwaseong Fortress, Jongmyo Shrine, Namhansanseong and the Royal Tombs of the Joseon Dynasty. Many feel that modern Seoul is considered a fast-growing international city. The K-pop is very popular and widely accepted around the globe. For the young, video games are not only popular but also a sport.
Korean food is mainly based on rice and soup. Traditional Korean meals always come with many side dishes. Kimchi, a fermented cabbage dish in ginger and chilli pepper, is always served no matter at home or in restaurants. Bibimbap is a rice dish made with vegetables, egg, meat and chilli or soy sauce served all over the city. Another must-try food is called tteokbokki (rice cake lathered in a red sauce that’s not too sweet nor too spicy) in Seoul. There are lots of restaurants for locals and expats alike.
Expats living in Seoul will have access to many popular skincare and cosmetics brands. If you are shopping for fashion goods, then Myeongdong is probably your best choice. Dongdaemun market is the perfect place to shop for domestic Korean fashion. If you like high-end shopping, check out Apgujeong – one of the ritziest areas in Seoul.
According to OECD, South Korea has the 11th highest life expectancy in the world. The healthcare system in South Korea is recognized as a compulsory National Health Insurance (NHI). The standard of medical care in Seoul’s hospitals is high. Both public hospitals and private clinics are available. There are three tier provision of healthcare facilities. Most hospitals have international medical staff who speaks English. You have to make medical payments upfront before receiving medical treatment. Expat moving to South Korea should obtain an international health insurance plan before departure.
4. Insurance for Expatriates in Seoul
Most expatriates choose to obtain international medical coverage if residing in Seoul. A plan that will provide reimbursement for medical expenses via a large network of hospitals is recommended. Many expats should also obtain global life and disability insurance coverage if they are residing in the city.
Here is a list of different types of insurance coverage you will want if you are planning to become an expatriate in Seoul:
- International Health Insurance
- Expat Life and Disability Insurance
- Travel Insurance
- Evacuation Coverage
- Group Expat Insurance Plans
If you require a quote for insurance coverage for expats in Seoul, contact Expat Financial today for a quote and to discuss your unique Seoul expatriate insurance requirements. We look forward to hearing from you.