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Transfering Large $ Amounts
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How do I send large amount of money from the Philippines to a foreign country like Korea? I want to invest in my Philippines made money to buy real estate in Korea so I can retire there in fifteen years or so. I can only take 10k USD every time.
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It may be easiest to use something like Bitcoin. This is actually what cryptocurrencies are used for. Bitcoins are quite popular in Korea and (I believe) are easily turned back into cash. So you would buy your Bitcoins in the Philippines and convert them into Korean currency after you arrive. Cryptocurrencies are much more volatile than regular currency though, so you want to make the buy right before you leave and convert as soon as you arrive. Also, some exchanges may not let you convert everything to cash all at once. They may have a daily or monthly maximum of money that you can take out.
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The simplest and safest way is to open a bank account in Korea and then simply transfer money to it when you can . choose a period when exchange rates are more advantageous than others . if sending a lot of money you can fix your rate with your bank in the Phillipines