- Korea (South) Won (KRW), symbol: ₩
- The South Korean unit of currency is the won (W), which comes in W10, W50, W100 and W500 coins. Notes come in denominations of W1000, W5000, W10,000 and W50,000 note.
- Banks in most high streets offer foreign exchange services (look for a ‘Foreign Exchange’ or currency sign), although changing money can take some time. Tourist shops and hotels exchange money, but compare their rates and commissions with the banks before using their services. US dollars are the easiest to exchange but any major currency is accepted. Travellers cheques have a slightly better exchange rate than cash.
- ATMs: Korean ATMs are a little strange. If you have a foreign credit card, you need to find an ATM with a ‘Global’ sign or the logo of your credit card company. NICE ATMs often accept foreign cards. Most Global ATMs have basic instructions in English and operate in units of W10,000. ATMs can be found outside banks and post offices and inside deluxe hotels, subway stations and department stores
- Credit cards: More and more motels, hotels, shops and restaurants in cities and tourist areas accept foreign credit cards, but there are still plenty of yeogwan, restaurants and small businesses that don’t. Be prepared to carry around plenty of cash, especially if you are touring around outside the main cities.
Sorry, no exchanges found.