With a thrilling mix of old and new in South Korea, this breathtaking country offers a feast for the senses. You'll find vibrant cities, grand temples, beautiful islands and amazing food in this region of East Asia! With a landscape as diverse as its culture and cuisine, there's plenty to do and enjoy in South Korea.
But you can make your savings go even further with a few clever choices, including how you’ll exchange currency and pay for things in South Korea.
The currency for South Korea is the South Korean Won while the currency code is KRW and the currency symbol is ₩. 1 South Korean Won is divided into 100 jeon; although the jeon is no longer used for regular transactions.
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In South Korea, there are 1, 5, 10, 50, 100 and 500 won coins and 1, 000, 5, 000, 10, 000 and 50, 000 won bills.
Some of the best travel money cards include debit, credit and prepaid cards. Efficient and convenient, credit and debit cards are perfect for travelling and naturally, widely accepted in South Korea.
Most places will have the facilities to cater to card payments but when you’re paying for smaller transactions (below ₩10, 000), some merchants may not accept cards.
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Whether you choose to pay with your card more often in South Korea is still up to you, as long as you’re aware of the fees and charges incurred by the respective cards.
In South Korean cities, you’ll have no trouble using a debit card as many young Korean adults have adopted contactless and mobile technology in droves. However, it is important to check that you are getting the best deal from your credit card provider, as you might end up paying high fees for the currency conversion, foreign transaction, and overseas ATM withdrawals.
To make your trip hassle-free, look for a bank card that’s designed for frequent travellers. Some travel-friendly debit cards that waive a portion of the charges include Wise, ING, Citibank and Revolut.
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All major credit cards are accepted in South Korea, but if you’re venturing into the rural areas or would like to dine at smaller restaurants, it is best to still have some cash on you.
As with debit cards, there are some exceptions. Bankwest Platinum and 28 Degrees cards are designed for travellers and waive the currency conversion fees.
It’s natural to gravitate towards a prepaid travel card, considering the product is designed for travellers. Lock in a favourable exchange rate with prepaid travel cards. Bonus: You also get a handy back-up card!
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The South Korean Won (KRW) is relatively stable to the Australian dollar (AUD) and the New Zealand dollar. Converting AUD to KRW is easy with our currency conversion tool.
Simply enter in the value and currencies to figure out how much it would cost you to buy South Korean Won with S Money today. We use the same mid-market rate you’d find on Google or XE.com.
Smaller establishments located in the cities or rural areas only accept cash, making it essential that you have some of the local bills on hand as you travel. While it can be better value to buy the currency before you go (see our section on that below), you can also get currency once you arrive in the country.
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There are plenty of ATMs that allow cash withdrawal in local South Korean Won using international credit cards like Mastercard or Visa. In South Korea, ATMs owned by large banks will stay open until midnight, while some have 24-hour ATMs, providing you access to your money at any time.
There are various ways to change your AUD into KRW in South Korea. Changing your money to South Korean Won prior to your trip would be ideal but you can also exchange foreign currency at any of the South Korean banks, currency exchange desks at Incheon Airport and Gimpo Airport, or in tourist areas like Myeongdong, Itaewon, and Dongdaemun – all of which are located in Seoul.
Some banks and hotels in South Korea still cash traveller’s cheques. But that doesn’t mean you should invest in them. You’ll get just as much value (if not more) out of alternatives such as ATM withdrawals and direct cash exchanges.
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Since bureau de change desks at Australian airports are renowned for their poor rates, we recommend avoiding them and picking up your currency ahead of time.
A fuss-free way to secure your travel money is to order it online. It can be delivered to your door or made available for pick-up at a convenient location. Online currency providers offer competitive deals you’re unlikely to find elsewhere. For example, S Money offers the same rate listed on Google and XE.com.
If you’re in the city, an alternative is to visit a CBD bureau de change. Suburban outlets don’t have the competition to keep prices low and banks often supply high fees and poor rates.
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It’s handy to cost out your trip before you go so you know just how much money to exchange. Prices vary across South Korea but here are some average costs (all prices quoted in South Korean Won):
This means you never pay over-inflated rates and can be 100% positive you are getting the most competitive rate for currency exchange.
S Money complies with the relevant laws pertaining to privacy, anti-money laundering and counter-terrorism finance. This means you are required to provide I.D. when you place an order. It also means the order must be paid for by the same person ordering the currency and you must show your identification again when receiving your order.
Travel Money & Exchange
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Privacy policyOkPlanning a trip to South Korea? Get the best exchange rate for South Korean won right here at Manor FX. Kick off your South Korean journey with confidence, knowing you’ve secured the top deals on South Korean won.
Heading to the vibrant streets of Seoul or the tranquil temples of Gyeongju? Manor FX is your go-to. Choose to have your South Korean won delivered directly to your doorstep or collect them from our bureau near Heathrow.
Trust us for rapid delivery and a straightforward online order process. Our unbeatable exchange South Korean won to British pound rates shouldn’t be missed.
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Eager for your South Korean adventure? Let’s get into the essentials of managing your money in the Land of the Morning Calm.
Absolutely! Buy South Korean won currency easily in the UK through Manor FX. Our online service simplifies getting the South Korean won you need for your trip.
Enjoy our excellent rates for pound to South Korean won and stretch your travel budget even further. Plus, we offer free delivery for orders over £750, making your GBP to South Korean won exchange smooth and hassle-free.
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Exchanging your money before heading to South Korea is a wise decision. Having South Korean won on hand upon arrival means you’re ready for any initial expenses, such as transport from the airport and your first meals.
The best currency to bring to South Korea is the South Korean won (KRW). It’s the official currency of South Korea, and using it makes everything simpler. You can buy things easily and get around without any hassle.
If you have any leftover South Korean won bills from your recent travels, remember to convert them back to GBP with Manor FX.
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Yes, you can use your bank card in South Korea. However, it’s wise to have both cash and card. Smaller shops and food markets prefer cash, while major retailers and restaurants will accept cards.
In South Korea, both credit/debit cards and cash have their places. Cards are widely accepted in most locations, but cash is king for small transactions. ATMs are common, making cash withdrawals convenient.
Planning your trip to South Korea and wondering about the budget? Whether you’re looking to stretch your won as a savvy backpacker or indulge in the luxuries South Korea has to offer, there’s a budget plan for every type of traveller.
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If you’re backpacking with around 75, 000 KRW, around £50 each day, you’re all set for a dorm bed in a hostel, whipping up your own meals, hopping on public and intercity buses, and enjoying lots of free fun like hikes and walking tours.
Got 135, 000 KRW, around £90 a day for a mid-range adventure? You can get cosy in a private Airbnb or a budget-friendly hotel, eat out at casual spots, have a couple of drinks, mix in some taxis with your train rides, and check out cool paid stuff like museums and food tours.
If you’re dipping into a “luxury” budget starting at 255, 000 KRW, around £179 daily, the world’s your oyster. Think upscale hotels or swanky Airbnb places, dining wherever tickles your fancy, enjoying evening drinks, zipping around with a high-speed rail pass, and hopping onto guided tours galore.
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Tipping isn’t a widespread practice in South Korea. Most services include all charges in your bill, making it easy to enjoy without worrying about tips.
South Korea offers a mix. It’s pricier than some other Asian countries but offers many affordable
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