Get ready for your trip to South Korea. Order your South Korean Won at Manor FX today. Our great exchange rates mean you’ll have more KRW cash to spend. Have your South Korean Won banknotes delivered securely to your home or office, or pick them up from the Manor FX bureau near Heathrow.
Credit and debit card payments are accepted without issues in nearly all shops, restaurants, bars and supermarkets in South Korea. The only exception is if you buy from street vendors: The vibrant street markets in Seoul are cash-only.
When paying by card in the Republic of Korea, be aware of currency conversion fees and bank fees for card payments abroad. ATM withdrawals in Korea will also incur costs, including currency conversion related ones: Your bank’s KRW to GBP exchange rate may be quite bad. This is how banks make money.
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Before using your bank card for payments in Far East Asia, it’s certainly a good idea to contact your bank. This will avoid your card becoming blocked due to international transactions that your bank may find suspicious or fraudulent.
You’ll probably be able to manage without cash in South Korea: 98% of shops accept credit and debit card payments. This also includes public transport and taxi drivers. However, it’s always a good idea to bring some cash with you to have a fallback option in case card payments are not going through. Paying by cash in Korean Won will also allow you to avoid card fees and currency conversion fees.
Additionally it’s a good idea to have cash on you if you want to experience the hustle and bustle of the vibrant Korean street markets. These are cash-only.
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South Korea is not a cheap destination: On average, prices in the Republic of Korea are 15% higher than prices in the UK.
For a coffee in a cafe in Seoul you can expect to pay around 4, 500 KRW. The bill for a three-course meal will be around 25, 000 KRW per person.
Tipping is not a common practice in South Korea. In tourist-heavy hotels and restaurants, some people may choose to leave a 10% tip if they are happy with the service received.
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The banknotes in Korea are from the series issued since 2006. The bills in circulation are 1, 000 won, 5, 000 won, 10, 000 won and 50, 000 won. In addition you may see a commemorative 2, 000 won banknote featuring the PyeongChang 2018 Olympic Winter Games.
South Korean coins range from 1 won to 500 won. Did you get back from South Korea with some leftover coins? Our sister company Leftover Currency can help you to exchange South Korean Won coins back to cash.
All travelers from and to Korea are allowed to bring up to 8 Million Korean Won per person. In addition travelers can bring an unlimited amount of foreign currencies.
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Order South Korean Won online and have them delivered fast and securely to your home or office, with Royal Mail Special Delivery Guaranteed®. Or pick them up from our travel money shop near Heathrow. Click here to buy South Korean Won online.
If you have South Korean Won to sell, follow this link to exchange South Korean Won to Pounds, click on ‘sell currency’ and select ‘KRW South Korean Won’. We’ll pay good rates for your leftover South Korean Won.If you are traveling to Seoul or another South Korean city you will need to change your Euros into South Korean Won. In you can buy Won at the best price and with immediate availability. Buy them now online or find your nearest office with currency sales service.
The South Korean Won is the official currency of South Korea. Its ISO 4217 code is KRW and its symbol is ₩. The Won is divided into 100 Chones or jeon, which means money.
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During colonial times there was the Korean Yen, which was used until after World War II, when Korea was divided into two parts. It was then when the Won was born, which would be divided into North Won and South Won. This currency was initially set for the US Dollar at 15 Won = 1 Dollar, although it was gradually devalued due, among other things, to the Korean War and a new currency came into force, the Hwan. The current Won came into circulation in June 1962 with an exchange rate of 10 Hwan = 1 KRW, although it would not be until March 1975 when it would become the only legal tender in South Korea, with a rate of 125 Won = 1 US Dollar.
South Korean Won banknotes are 1000, 2000, 5000, 10000 and 50000 Won. It is possible that if you travel to South Korea you will find some banknotes from previous series with different denominations, which although they are no longer issued, are still accepted in the country. The banknotes currently in circulation in South Korea are those issued from 2006 onwards.
The 1000 Won notes are blue and on the front we can see the plum flower, as well as the figure of Yi Hwang, one of the most recognized confuncian scholars in the country, belonging to the Joseon Dynasty. On the reverse side is a painting by Yi Hwang called Gaesang Junggeodo.
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The 2000 notes are gray in color and were issued in 2018 in commemoration of the Winter Olympic Games, which took place in Pieonchang. In the front shows ski runners and in the back a painting of a tiger and a pine from the artist Kim Hong-do.
The 5, 000 banknotes are red in color and show on the front the figure of Yi I, who, like Yi Hwang, is one of the most prestigious confuncian scholars, as well as a politician and reformer. In addition to the background we can see the image of Gangneung, a city in the northeast of the Republic of South Korea. We also find the black bamboo, a representative element of the country. On the back we can see a painting by Shin Saimdang, artist, poet, calligrapher, writer and mother of Yi I.
The 10000 Won notes are green, and on the front is the effigy of Sejong the Great, the fourth monarch of the Joseon Dynasty and creator of the alphabet system of the Korean language, Hangul. Also in the background is the Irwobongdo, a folding screen that was placed on the Kings of the Joseon period, as well as the text of the second chapter of the first work written in Hangul. On the reverse side is the image of Honcheonsigye's Globe, the star map of Chonsang Yeolcha Bunyajido.
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Finally, on the 50000 Won banknotes we find the effigy of Shin Saimdang, who, as mentioned above, was an artist, poet, calligrapher, writer and mother of Yi I. She was a reference figure in terms of confuncionism ideas. In the background we see a painting of insects and plants that makes reference to the painting Chochungdo of this artist.
The South Korean Won coins are 1, 5, 10, 50, 100 and 500 Won. On the sides of the coins appear several representative images of the country.
If you are organising your trip to South Korea and have doubts about how much money to take with you, we can help you. Our clients usually take 370 Euros in South Korean Wons. To approximately calculate how much money you will need for your trip you must take into account if, once you arrive at your destination, you have to pay for hotels, rental cars, excursions or tickets, or if you will only have the day to day expenses such as food, public transport or various purchases.
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