Money in Korea: cards, cash and tax refunds

Korea is a card-friendly country. Even so, a little cash makes some things easier.

Cards

Credit and debit cards are accepted almost everywhere, including convenience stores, restaurants, taxis and most shops. Visa and Mastercard are the most widely accepted. Tell your bank you are travelling so your card is not blocked.

When you need cash

• Topping up a T-money card at subway machines, which often take cash only.
• Small stalls at traditional markets and street food stands.

Some ATMs do not accept foreign cards. Look for ATMs marked “Global” or “Foreign Card,” often found in convenience stores, banks and the airport.

Exchanging money

Exchange offices in busy tourist areas such as Myeongdong often offer better rates than the airport. Compare rates before you change a large amount.

Tax refunds

Visitors can get back part of the tax on shopping at stores that show a Tax Free sign.

• Many stores offer an instant refund at the counter for purchases within set limits. Show your passport when you pay.
• For other purchases, keep the tax refund receipt and claim it at a refund kiosk or counter at the airport before you leave.

The rules and limits change from time to time, so ask the shop staff or check at the airport. Our tax refund guide walks you through each step.

Tipping

Tipping is not expected in Korea, in restaurants or taxis.

Prices, timetables and rules in Korea change often. We check this guide regularly, but please confirm details with the official sources linked above before you travel.