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 Home > General Information > Useful Information |
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Currency |
The unit of Korean currency is the Won (£Ü). Coin denominations are £Ü10, £Ü50, £Ü100 and £Ü500. Banknotes are £Ü1,000, £Ü5,000 and £Ü10,000. As of December 17, 2012, the exchange rate is approximately USD 1 to KRW 1,092.
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| Currency exchange |
| Foreign banknotes and traveler's check can be exchanged at foreign exchange banks and other authorized moneychangers. |
| Credit cards |
| Diners Club, Visa, American Express and MasterCard are widely accepted at major hotels, shops and restaurants in the larger cities. Check with your credit card company for details of merchant acceptability and other services which may be available. |
| Traveler's check |
| Accepted, but may be difficult to change in smaller towns. To avoid additional exchange rate charges, travelers are advised to take Traveler's check in US Dollars. |
| TAX |
| Value-added tax (VAT) is levied on most goods and services at a standard rate of 10% and is included in the retail price. In tourist hotels, this 10% tax applies to meals and other services and is added into the bill. |
| Tipping |
| Tipping is not a traditional custom in Korea. A 10% service charge will be added to your bill at all tourist restaurants and hotels. It is also not necessary to tip a taxi driver unless he assists you with luggage or provides an extra service. |
| Electricity |
| In Korea, electrical outlets are operated at 220 volt only. Overseas delegates bringing laptop computers and other electrical appliances are advised to check whether a transformer is required. |
| For more information about Korea, Please visit the Korea National Tourism Organization |
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