Money & daily life

How to handle money in Korea: cards, cash, and budget

4 min readUpdated 2026-06-01

Korea is largely cashless, but a few small places still want won. Here's how to pay cleanly, avoid bad exchange rates, and ballpark your daily budget — with a converter to make won feel real.

  1. 1

    Bring Visa or Mastercard; leave Discover home

    Visa, Mastercard, and Amex are widely accepted. Discover is generally not. Tell your bank you're traveling so a Seoul charge doesn't trip a fraud lock.

  2. 2

    Open a low-FX card to save 2–4%

    A multi-currency card like Wise or Revolut cuts conversion fees versus a typical bank card, and the physical card is handy for ATM withdrawals.

  3. 3

    Carry about ₩100,000 cash as backup

    Small cafés, traditional markets, and some taxis prefer cash. Withdraw won from an airport ATM with your foreign card rather than exchanging at a poor rate at home.

  4. 4

    Size your budget in won

    Use the converter below to translate home-currency amounts into won so prices stop feeling abstract. Rates shown are a dated reference, not live — verify before relying on them.

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Approximately

₩68,000

Reference rates as of 2026-06-01 — not live, and not financial advice. Real rates move daily; check your card provider or a live converter before relying on these for spending decisions.

Common questions

Can I survive on cards alone?+
Mostly yes in cities, but keep some cash for markets, small eateries, and the occasional cash-only taxi or recharge machine.
Where do I get the best exchange rate?+
ATM withdrawals with a low-FX card, or licensed exchange booths in areas like Myeongdong, usually beat airport and hotel exchange counters.

Sources & official links

Fares, schedules, and app details change. Always confirm on the official site before you rely on anything time- or money-critical.

Planning a Korea trip?

Drop your dates — we'll send the right guides at the right time as you get closer to flying.