What is the best way to bring money to Korea?

If you need to transfer money to Korea, Wise (formerly TransferWise) is one of the best options. It's fast, secure, and, most importantly, transparent about fees.

Is it better to bring cash to Korea?

You'll be fine if you decide to pay mostly cash. I've been using both cash and my credit card, however I pay most of my shopping/food expenses 95% of the time with cash and haven't had any problems with it.

Should I exchange money before I go to Korea?

I do recommend exchanging currency at least at the Korean airport or beforehand (just a few amount of currency). You could always withdraw money or exchange overseas. Also, I recommend getting a travel credit card with no exchange fees since South Korea accepts credit cards. Less stressful and it's safe.

What is the best payment method in South Korea?

Cards like Visa and Mastercard are widely accepted, along with several popular digital wallets. While it's a good idea to keep a small amount of cash on hand for certain situations, cards are generally the better primary payment method.

What is the best currency to take to South Korea?

Korean Won is widely used around Korea but if you are taken to shops by your guide, they take USD, Credit Card or Won. I just got back from a tour as well and I find that they do stop for you to try local snacks and souvenir shopping outside restaurants. So, taking extra WON won't harm.

Things to know before exchanging money in Korea

Where to exchange GBP to Korean won?

You can buy Korean won online or in branch at the Post Office by finding your local participating branch. It's easy, commission-free and we'll give you a competitive rate. You may get a better rate if you buy online rather than in branch. And the rate gets better the more currency you buy.

Can I use my credit card in Korea?

Visa and Mastercard are the most widely accepted networks in South Korea. Again, make sure to inform your bank and credit card company of your travel. Not all ATMs accept cards that are not issued in Korea. May need to use a “Global ATM” (2nd floor of Honestar building behind Hyundai Premium outlet.

Which bank is best for foreigners in South Korea?

Do you tip in South Korea?

Do you tip in South Korea? It's not a local practise to tip in South Korea. Unlike in many Western countries where tipping waiters, taxi drivers, and hotel staff is so common it's almost automatic, in South Korea tipping can be considered rude. Tips may be turned down or cause embarrassment if they're offered.

Do I need my passport to exchange currency in Korea?

Currency Exchange Locations

Currency exchange service is available at most banks. To exchange money, you need to present your passport or alien registration card.

What can 10,000 won buy you in Korea?

With 10,000 South Korean won, you can enjoy a budget meal at a local eatery, such as kimbap (Korean sushi roll) or bibimbap (mixed rice bowl), or buy some street foods like tteobokki (spicy rice cakes) together with hotteok (sweet pancake). Alternatively, you can get a coffee and a pastry at a café.

Is it better to exchange money before or after travelling?

It's usually a good idea to exchange money before you travel. This allows you to shop around for the best rates and avoid high fees or poor exchange rates often found at airports or in tourist areas.

How much cash should I bring to Korea for 7 days?

In South Korea 95% of all payments can be made with card. It is recommended to bring a minimum amount of cash with you. $200 USD should be enough to pay for small items and in case your card doesn't work. All of your other expenses should be paid with your card.

How do I get from Seoul airport to the city?

Transportation from the airport to downtown Seoul include the Airport Railroad Express (AREX), Seoul Subway, Airport Limousine Bus, and taxis (international taxis available). The distance from Incheon International Airport (Terminal 1) to Seoul Station is approximately 60 kilometers.

Do taxis in Seoul take credit cards?

All taxis use a meter, with slightly different base rates for regular, international, deluxe, and jumbo cabs. Most taxis accept cash, credit cards, and Tmoney for payment. Rates depend on the class of taxi, length of journey, and time of day.

Does Korea have contactless payments?

The use of contactless payments, including credit and debit cards with contactless features and smartphones with digital wallets, has surged significantly over the past year in Korea, according to a survey released by global e-payment giant Visa, Wednesday.

Which credit card is best for travel?

Does Revolut work in Korea?

This card lets you make payments and cash withdrawals in 150+ currencies worldwide, including South Korean Won. Although you don't need to buy South Korean Won online before you travel, you can with your Revolut multi-currency account. In fact, you can exchange and keep 36 supported currencies in your account.

How much is 1 gbp to 1 korean won?

£ 1 GBP = ₩ 1845.0388 KRW

Last updated Sunday, 31 August 2025 05:22. Rates shown are interbank rates. eurochange rates will differ.

Do credit cards automatically convert currency?

Do credit cards automatically convert currency? When you use your credit card for an international purchase, many credit card networks automatically convert foreign currencies to U.S. dollars and incorporate the exchange rate. If that's the case, your credit card statement should reflect the amount in U.S. dollars.

Is it cheaper to exchange money at the airport?

Airport currency exchange can be useful in an emergency or when you don't have internet access, but it's very expensive, with poor rates and often unclear fees. To maximise your travel budget, it's best to exchange currency online before departure. Airport exchange should only be a last resort.