About Korea

General Information

Currency & Banking

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Korea’s official currency is the Won (KRW/ ₩).

Notes are in denominations of ₩ 1,000, ₩ 5,000, and ₩ 10,000, ₩ 50,000. Coins are in denominations of ₩ 10, ₩50, ₩100 and ₩500.

 

Currency Converter: www.xe.com/currencyconverter

Credit Card

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Most of the businesses in Korea widely use and accept payment by credit cards, including at major hotels, department stores, and general shops. Visa, MasterCard, American Express and other credit cards can be used; however, check the service availability before making purchases as some stores may not provide this service.

Electricity and Voltage

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The standard voltage in Korea is 220 volts at 60 Hertz, and the outlet has two round holes. If you do not have a multi-voltage travel adapter, you may ask to borrow or purchase one from your hotel's front desk. You can also find them at the airport, retail stores, major duty-free shops, and even convenience stores.

Business Hours

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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.

Time

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Korea is 9 hours ahead of Greenwich Mean Time (GMT +9) and does not observe daylight savings time. For more information, please visit the World Time Server website.

Tips & Tax

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Tips

Tipping is not regularly practiced in Korea. Service charges are often included in the bill for rooms, meals, and other services at hotels and upscale restaurants. Koreans occasionally do tip when they are especially pleased with the services provided.

Tax

Upon request, visitors can receive VAT refunds of about 10 percent for purchases at “Duty Free Shopping” outlets. Goods must be taken out of Korea within three months of purchase to be eligible for a tax refund. Only foreign tourists in Korea can apply for this tax refund. Visitors can receive refund on receipts with a minimum purchase amount of KR₩ 50,000 (around US$ 50). To receive this refundable, present refund receipts together with the purchased goods at the customs desk at the airport on your day of departure. These receipts can be cashed in at the Cash Refund Office in front of the Airport Duty Free Shop.

Helpful Services

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  • Police Department: +82-112

  • Fire Department & Medical Emergencies : +82-119

  • Korea Travel Hotline: +82-2-1330 (Korean, English, Japanese, Chinese, Russian, Vietnamese, Thai, Malay)

  • Lost & Found Center: +82-2-182

Useful Websites

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