Currency & Banking

The unit of currency is Korean Won (KRW), expressed as ￦. Coin denominations are ￦10, ￦50, ￦100 and ￦500.
Bank notes are ￦1,000, ￦5,000, ￦10,000 and ￦50,000. As of July, 2021 , the exchange rate is approximately ￦1,131 for $1 (USD).

Currency exchange
Foreign banknotes can be exchanged at most banks and other authorized moneychangers.

Traveler's checks
Traveler's checks can also be exchanged at most banks, but may be difficult to change in smaller towns.

To avoid additional exchange rate charges, We advise you to take traveler's checks in US dollar.
Banking hours
09:00 - 16:00, Monday through Friday

Visa, and MasterCard are accepted at almost all retail outlets, but Diners Club and American Express may only be accepted at major hotels, shops and restaurants in the larger cities. Check with your credit card company for details on merchant acceptance and other available services.

Electricity

Outlets for 220 Volts/60Hz are mostly used in Korea. In order to convert the power into 110 volts please contact the hotel housekeeping and current transformer will be available.

Business Hours

Government office hours are usually from 9am to 6pm on weekdays and closed on Saturdays and Sundays. Banks are open from 9:00am to 4:00pm on weekdays and closed on Saturdays and Sundays. Major department stores are open every day from 10:30am to 8pm including Sundays.

Useful Website

You can get more information by accessing the website below.

  Korea Tourism Organization: http://english.visitkorea.or.kr/enu/index.kto
  Gateway to Korea: http://www.korea.net
  Seoul Convention Bureau: http://www.miceseoul.com
  Seoul Metropolitan Government: http://english.seoul.go.kr
  Visit Seoul: http://www.visitseoul.net
  Ministry of Foreign Affairs and Trade: https://www.mofa.go.kr/eng/index.do
  Incheon International Airport: https://www.airport.kr/ap/en/index.do