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Wish there were such a thing as joint accounts in Korea...
Really? You don't have joint accounts?
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No, every account is in one's personal name. I can request a second card and let my wife use it, but it still in my name. And vice-versa.
Funny thing, majority of couples in Korea operate this way:
Korea is still a very patriarchal society; husbands make the money and then send all their income to their wives. The wives manage the household money and send a small allowance of a couple of hundred dollars to their husbands for personal spending.
Gotta make sure he does not have too much money to spend at the room salons~~ (this one is tongue-in-cheek, the allowance part is real)
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This makes Korea sound matriarchal. The wife controls everything. Gives an allowance to the husband. Definitely conservative. Korea is interesting how it is so modern and capitalist in one way, but very conservative still in other ways. I lived in Korea for a couple of years. Interesting times for sure. Hopefully can visit again someday!
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I still think it is good for couples to have their own accounts as well besides a joint account but it makes sense for a joint account for the house expenses and such. I still have my own accounts and my wife does as well. I don't know if that is normal. I think most couples these days just pool all their money.
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