Korea`s official monetary unit is the won.
|fifty thousand won
|ten thousand won
|five thousand won
|one thousand won
|Five hundred won
|one hundred won
Traveler's checks can be exchanged for cash at banks or exchange booths. A number of stores still accept the checks instead cash, nonetheless, the form of credit cards, debit cards have become more preferred means by travelers. Thus trading checks is hardly observed nowadays as there is seemingly decreasing number of stores that offer this service.
Most of the businesses in Korea widely uses and accepts payment by credit cards at major hotels, department stores, large restaurants, and stores. Visa, Master, American Express and other credit cards can be used; however do check the service availability before making purchase as some stores may not be subject to this service.
When you need to exchange your foreign currency into Korean won, visit a bank, exchange service center, or an authorized exchange. (Bank business hour: 09:00-16:00, closed on Saturdays, Sundays and public holidays.)
www.xe.com/currencyconverter (Korean, English, Japanese, Chinese)
Foreign Exchange Banks in Airports
Incheon International Airport
Upon arrival, inbound travelers can easily convert their money into local currency at bank branches and money changers located in the airport. The four major banks (Korea Exchange Bank, Kookmin Bank, Shinhan Bank, Woori Bank) are currently operating and offer exchange service at Incheon International Airport.
Each foreign exchange booth in Incheon Airport only performs currency exchange services. Also, please check the operating hours of the exchange booths in advance, since hours may change according to flight schedules.
Korea Exchange Bank – Incheon International Airport branch
Shinhan Bank – Incheon International Airport branch
Woori Bank – Incheon International Airport branch
Gimpo International Airport
Upon arrival or before departure, travelers may exchange their currency and take care of other banking needs at the booths available at the airport.
Shinhan Bank – Gimpo International Airport branch
Woori Bank – Gimpo International Airport branch
* This information was last updated in August 2015, and therefore information may differ from what is presented here. We advise you to check details from the official websites to confirm.
<Last updated on August 6, 2015>