Money: South Korea's monetary unit is the won (KRW). Currency can be exchanged at most banks, and travellers cheques cashed at authorised banks and hotels. Most merchants in the cities accept Visa, MasterCard and American Express credit cards, but Koreans traditionally prefer cash. ATMs at banks are usually accessible only during banking hours, and instructions on the machines are generally only in Korean. Public ATMs at convenience stores and subway stations are generally available 24 hours. US Dollars are an accepted form of foreign currency.
Currency Exchange Rates| KRW 100.00 = | US$ 0.09 | £ 0.07 | C$ 0.10 | A$ 0.12 | R 0.76 | € 0.07 | NZ$ 0.14 |
Note: These currency exchange rates are not updated daily and should be used as a guideline only.