South Korea travel money tips
Heading to South Korea? Here's a quick rundown of how to handle money on the ground — tipping etiquette, when to use cards versus cash, the best ATMs to use, and the most common pitfalls travelers run into. The local currency is the South Korean Won (KRW, ₩).
Tipping
Not part of the culture and can be refused. Service charges are sometimes added at high-end hotels.
Cards vs cash
Cards accepted almost everywhere, even at street food carts. T-money card pays for transit, taxis, and convenience stores.
Payment methods accepted
ATMs & cash tip
Look for 'Global ATM' signs (KB Kookmin, Shinhan, Citibank) — others may not accept foreign cards.
Heads-up
- Many ATMs are closed between 11 PM and 6 AM. Withdraw what you need during the day.
- Some traditional markets and small fish restaurants remain cash-only — carry ₩50,000.
About the South Korean Won (KRW)
The South Korean Won (KRW, symbol ₩) is the official currency of South Korea. Knowing the live KRW rate against your home currency helps you sanity-check menu prices, taxi fares, and souvenir markups while traveling.
More travel tips
See all country tips →Tips are general guidance for travelers, not legal or financial advice. Customs vary — confirm with local sources for important plans.