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      • Korean Currency & Exchange Info: Korean Currency

        • 03/27/2023

        • 34.6K

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  • Korean Currency

    Korea's official monetary unit is the won (₩).

    Bills

    • fifty thousand wonfifty thousand won
      (o-man-won)
    • ten thousand wonten thousand won
      (man-won)
    • five thousand wonfive thousand won
      (o-cheon-won)
    • one thousand wonone thousand won
      (cheon-won)

    Coins

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

    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. Operating hours may vary depending on the bank and region, please check in advance prior to visiting. Korea Post Bank operates 09:00-16:30. Please be aware that money exchange of old currency may not be accepted at certain locations. Make sure to check if banks or authorized exchange service centers accept old currency beforehand.

    Currency Converter

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