{"id":102270,"date":"2025-02-23T08:49:13","date_gmt":"2025-02-23T08:49:13","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/"},"modified":"2025-02-23T08:49:13","modified_gmt":"2025-02-23T08:49:13","slug":"what-money-do-they-use-in-korea","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/","title":{"rendered":"What money do they use in Korea?"},"content":{"rendered":"<p>In South Korea, the official currency is the South Korean won, which is denoted by the symbol &#8220;\u20a9&#8221; and the currency code KRW. The won is the only currency accepted for transactions within the country and is used for everything from shopping to dining to transportation.<\/p>\n<p>The South Korean won comes in both coins and banknotes, with coins issued in denominations of 1, 5, 10, 50, 100, and 500 won, and banknotes available in denominations of 1,000, 5,000, 10,000, and 50,000 won. The won is widely accepted throughout the country, and ATMs are plentiful for easy access to cash.<\/p>\n<p>When traveling to South Korea, it is advisable to exchange your home currency for Korean won at an airport exchange booth, bank, or currency exchange office. Credit and debit cards are also widely accepted in South Korea, especially in major cities and tourist areas. However, it is always good to have some cash on hand for smaller transactions or in areas where cards may not be as widely accepted.<\/p>\n<p>When shopping, it is common to see prices listed in both Korean won and US dollars, making it easier for international visitors to understand the cost of goods and services. It is important to note that while some businesses may accept foreign currency, it is always best to pay in Korean won to avoid any confusion or potential extra fees.<\/p>\n<p>Overall, the South Korean won is the primary form of currency used in Korea, providing a convenient and efficient way to pay for goods and services while exploring this vibrant and fascinating country.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#FAQs_about_Koreas_Currency\" title=\"FAQs about Korea&#8217;s Currency:\">FAQs about Korea&#8217;s Currency:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#1_Can_you_use_US_dollars_in_Korea\" title=\"1. Can you use US dollars in Korea?\">1. Can you use US dollars in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#2_Are_credit_cards_widely_accepted_in_Korea\" title=\"2. Are credit cards widely accepted in Korea?\">2. Are credit cards widely accepted in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#3_Is_it_better_to_exchange_currency_at_the_airport_or_a_bank_in_Korea\" title=\"3. Is it better to exchange currency at the airport or a bank in Korea?\">3. Is it better to exchange currency at the airport or a bank in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#4_Can_I_use_my_foreign_debit_card_at_Korean_ATMs\" title=\"4. Can I use my foreign debit card at Korean ATMs?\">4. Can I use my foreign debit card at Korean ATMs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#5_Are_there_fees_for_using_foreign_credit_cards_in_Korea\" title=\"5. Are there fees for using foreign credit cards in Korea?\">5. Are there fees for using foreign credit cards in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#6_Are_there_restrictions_on_bringing_Korean_won_into_or_out_of_the_country\" title=\"6. Are there restrictions on bringing Korean won into or out of the country?\">6. Are there restrictions on bringing Korean won into or out of the country?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#7_Can_you_use_other_currencies_in_Korea_besides_the_Korean_won\" title=\"7. Can you use other currencies in Korea besides the Korean won?\">7. Can you use other currencies in Korea besides the Korean won?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#8_Is_tipping_common_in_Korea\" title=\"8. Is tipping common in Korea?\">8. Is tipping common in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#9_Is_there_a_limit_on_the_amount_of_Korean_won_you_can_exchange\" title=\"9. Is there a limit on the amount of Korean won you can exchange?\">9. Is there a limit on the amount of Korean won you can exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#10_Can_I_use_my_smartphone_for_payments_in_Korea\" title=\"10. Can I use my smartphone for payments in Korea?\">10. Can I use my smartphone for payments in Korea?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#11_Are_there_any_counterfeit_issues_with_Korean_currency\" title=\"11. Are there any counterfeit issues with Korean currency?\">11. Are there any counterfeit issues with Korean currency?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#12_Are_ATMs_readily_available_in_South_Korea\" title=\"12. Are ATMs readily available in South Korea?\">12. Are ATMs readily available in South Korea?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"FAQs_about_Koreas_Currency\"><\/span>FAQs about Korea&#8217;s Currency:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_you_use_US_dollars_in_Korea\"><\/span>1. Can you use US dollars in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile some businesses in South Korea may accept US dollars, it is best to use the local currency, the South Korean won, for transactions to avoid potential confusion or extra fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Are_credit_cards_widely_accepted_in_Korea\"><\/span>2. Are credit cards widely accepted in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, credit and debit cards are widely accepted in South Korea, especially in major cities and tourist areas. However, it is always advisable to have some cash on hand for smaller transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Is_it_better_to_exchange_currency_at_the_airport_or_a_bank_in_Korea\"><\/span>3. Is it better to exchange currency at the airport or a bank in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nExchanging currency at the airport is convenient, but banks usually offer better exchange rates. It is recommended to compare rates before making a decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_use_my_foreign_debit_card_at_Korean_ATMs\"><\/span>4. Can I use my foreign debit card at Korean ATMs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, foreign debit cards are generally accepted at Korean ATMs. However, some ATMs may have withdrawal limits, so it is best to check with your bank beforehand.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Are_there_fees_for_using_foreign_credit_cards_in_Korea\"><\/span>5. Are there fees for using foreign credit cards in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSome banks may charge foreign transaction fees for using credit cards in South Korea. It is advisable to check with your bank about any potential fees before using your card.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Are_there_restrictions_on_bringing_Korean_won_into_or_out_of_the_country\"><\/span>6. Are there restrictions on bringing Korean won into or out of the country?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere are no restrictions on the amount of Korean won you can bring into or out of South Korea. However, amounts exceeding a certain limit may need to be declared at customs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Can_you_use_other_currencies_in_Korea_besides_the_Korean_won\"><\/span>7. Can you use other currencies in Korea besides the Korean won?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile some businesses may accept foreign currencies like US dollars or Japanese yen, it is always best to use the local currency, the South Korean won, for transactions in Korea.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Is_tipping_common_in_Korea\"><\/span>8. Is tipping common in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTipping is not a common practice in South Korea, and it is not expected at restaurants or for services. However, some upscale restaurants or tour guides may appreciate a small tip if exceptional service is provided.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Is_there_a_limit_on_the_amount_of_Korean_won_you_can_exchange\"><\/span>9. Is there a limit on the amount of Korean won you can exchange?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere is no limit on the amount of Korean won you can exchange in South Korea. However, amounts exceeding a certain threshold may need to be reported to financial authorities.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_I_use_my_smartphone_for_payments_in_Korea\"><\/span>10. Can I use my smartphone for payments in Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, mobile payment apps like Samsung Pay and Kakao Pay are popular in South Korea and can be used for transactions at many stores and restaurants.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Are_there_any_counterfeit_issues_with_Korean_currency\"><\/span>11. Are there any counterfeit issues with Korean currency?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nCounterfeiting is rare in South Korea, and the government has implemented security features on banknotes to prevent counterfeiting.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Are_ATMs_readily_available_in_South_Korea\"><\/span>12. Are ATMs readily available in South Korea?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nATMs are easily found throughout South Korea, especially in major cities and tourist areas. Most ATMs accept foreign debit and credit cards for cash withdrawals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In South Korea, the official currency is the South Korean won, which is denoted by the symbol &#8220;\u20a9&#8221; and the currency code KRW. The won is the only currency accepted for transactions within the country and is used for everything from shopping to dining to transportation. The South Korean won comes in both coins and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What money do they use in Korea?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#more-102270\">Read more<span class=\"screen-reader-text\">What money do they use in Korea?<\/span><\/a><\/p>\n","protected":false},"author":13,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-102270","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What money do they use in Korea?<\/title>\n<meta name=\"description\" content=\"In South Korea, the official currency is the South Korean won, which is denoted by the symbol &quot;\u20a9&quot; and the currency code KRW. The won is the only currency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What money do they use in Korea?\" \/>\n<meta property=\"og:description\" content=\"In South Korea, the official currency is the South Korean won, which is denoted by the symbol &quot;\u20a9&quot; and the currency code KRW. The won is the only currency\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - Free Credit Card Generator [100% Valid]\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/synchronyfinancial\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-23T08:49:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/namso-gen.co\/blog\/wp-content\/uploads\/2024\/03\/faq.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Joey Sampson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@synchrony\" \/>\n<meta name=\"twitter:site\" content=\"@synchrony\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Joey Sampson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\"},\"author\":{\"name\":\"Joey Sampson\",\"@id\":\"https:\/\/namso-gen.co\/blog\/#\/schema\/person\/05e32641a6be0cd6135a124ef18e47d8\"},\"headline\":\"What money do they use in Korea?\",\"datePublished\":\"2025-02-23T08:49:13+00:00\",\"dateModified\":\"2025-02-23T08:49:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\"},\"wordCount\":716,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#organization\"},\"articleSection\":[\"Learn\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\",\"url\":\"https:\/\/namso-gen.co\/blog\/what-money-do-they-use-in-korea\/\",\"name\":\"What money do they use in Korea?\",\"isPartOf\":{\"@id\":\"https:\/\/namso-gen.co\/blog\/#website\"},\"datePublished\":\"2025-02-23T08:49:13+00:00\",\"dateModified\":\"2025-02-23T08:49:13+00:00\",\"description\":\"In South Korea, the official currency is the South Korean won, which is denoted by the symbol \\\"\u20a9\\\" and the currency code KRW. 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