Korean Currency & Currency Info

Korea's official monetary unit is the won.

Bills

  • fifty thousand won fifty thousand won
    (o-man-won)
  • ten thousand won ten thousand won
    (man-won)
  • five thousand won five thousand won
    (o-cheon-won)
  • one thousand won one thousand won
    (cheon-won)

Coins

  • Five hundred wonfive hundred won
    (o-baek-won)
  • one hundred won one hundred won
    (baek-won)
  • fifty wonfifty won
    (o-sip-won)
  • ten won ten won
    (sip-won)

Traveler's Checks

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 forms of credit cards and debit cards have become a more preferred means of payment by travelers. Thus trading checks is hardly observed nowadays as there is seemingly a decreasing number of stores that offer this service.

Credit Card

Most of the businesses in Korea widely use and accept payment by credit cards, including at major hotels, department stores, large restaurants and stores. Visa, MasterCard, American Express and other credit cards can be used; however check the service availability before making purchases as some stores may not be subject to this service.

Exchanging Money

When you need to exchange your foreign currency into Korean won, visit a bank, exchange service center, or an authorized exchange. (Bank business hours: 09:00-16:00 (Note: Standard Chartered Bank hours 09:30-16:30, EVERRICH Bank hours 09:00-16:30), closed on Saturdays, Sundays and public holidays.)

Currency Converter

www.xe.com/currencyconverter (Korean, English, Japanese, Chinese, German, French, Spanish, Portuguese, Italian, Swedish, Arabic)

Foreign Exchange Banks in Airports

Incheon International Airport

Upon arrival, inbound travelers can easily convert their money into the local currency at bank branches and money changers located in the airport. The hours and locations vary by bank, so we recommend checking in advance. (Note: Standard hours of money changers are 06:00-21:00 but some locations may operate until 22:00 or 23:00)

<Shinhan Bank – Incheon International Airport Branch>

  • Services provided: General banking, currency exchange, traveler's checks, etc.
  • Operating hours: 09:00-16:00
  • Location: B1F - Transportation Center
  • Inquiries: +82-32-743-5100 (Korean only)
  • Website: www.shinhan.com (Korean, English, Japanese, Chinese)

<KEB Hana Bank – Incheon International Airport Branch>

  • Services provided: General banking, currency exchange, traveler's checks, etc.
  • Operating hours: 09:00-16:00
  • Location: (Passenger Terminal) B1F - West
  • Inquiries: +82-32-743-2220 (Korean only)
  • Website: www.kebhana.co.kr (Korean, English, Japanese, Chinese, Vietnamese)

<Woori Bank – Incheon International Airport Branch>

  • Services provided: General banking, currency exchange, traveler's checks, etc.
  • Operating hours: 09:00-16:00
  • Location: (Passenger Terminal) B1F - West
  • Inquiries: +82-32-743-1050 (Korean, English, Japanese, Chinese, Russian)

    Note: Foreign language assistance may require a long wait

  • Website: www.wooribank.com (Korean, English, Japanese, Chinese, Tagalog, Vietnamese, Mongolian)

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. The hours and locations vary by bank, so we recommend checking in advance. (Note: Standard hours of money changers are 06:00-21:00 but some locations may operate until 22:00 or 23:00)

<Shinhan Bank – Gimpo International Airport Branch>

  • Services provided: General banking, currency exchange, traveler's checks, etc.
  • Operating hours: 09:00-16:00
  • Location: Domestic Terminal 1F - Gate 5
  • Inquiries: +82-2-2662-1342 (Korean only)
  • Website: www.shinhan.com (Korean, English, Japanese, Chinese)

<Woori Bank – Gimpo International Airport Branch>

  • Services provided: General banking, currency exchange, traveler's checks, etc.
  • Operating hours: 09:00-16:00
  • Location: Domestic Terminal 1F - East
  • Inquiries: +82-2667-0236 (Korean only)
  • Website: www.wooribank.com (Korean, English, Japanese, Chinese, Tagalog, Vietnamese, Mongolian)

This page was last updated in July 2016, 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 July 5, 2016>