Korean Currency & Exchange Info

Korean Currency

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 Check

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, and general shops. Visa, MasterCard, American Express and other credit cards can be used; however check the service availability before making purchases as some stores may not provide this service.

Money Exchange

When you need to exchange your foreign currency into Korean won, visit a bank or authorized exchange service center. Banks are generally open 09:00-16:00 on weekdays, with the exceptions of Standard Chartered Bank, operating 09:30-16:30, and EVERRICH Bank, with hours of 09:00-16:30.

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 exchangers located within the airport. The hours and locations vary by bank, so we recommend checking in advance; the standard hours of money exchangers 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: (B1F – Passenger Terminal 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: B1F – Passenger Terminal East
  • 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; the standard hours of money exchangers 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, English, Japanese)

    Note: Foreign language assistance may require a long wait

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

This page was last updated on September 7, 2017, and therefore information may differ from what is presented here.