| BILLS |
10,000 won |
5,000 won
|
1,000 won |
| COINS |
500 won
|
100 won
|
50 won
|
ATM
Foreign issued ATM cards may have limited use at ATMs in different countries. Please refer to your bank for more information.
* “HanNet” ATM: Most foreign cards (VISA/PLUS, MASTER/CIRRUS, DINERS, JCB, AMEX) are accepted 24 hours a day. You may find these ATMs in Seoul Subway Line stations. Sometimes, convenienience stores like LG25, Mini Stop, and Buy the Way may also offer ATMs as well. Hotels, bus terminals, highway rest areas and shopping malls are some other places to look for “HanNet” ATMs.
* Some bank branches may be equipped with Global ATMs that allows use of foreign cards.
Available between 8:00am. ~ 10:00pm.
Credit Card
Most restaurants, hotels and shops accept credit cards. You may not be able use credit cards at small businesses and in rural areas. You may also want to check whether your credit card is accepted or not by looking at door signs. Visa and Master are most common ones you can find.
Tax Refund
Any product with this “Tax Free Shopping” sign will give you a refund on VAT. You must depart Korea within 3 months of the purchase. How to Get Tax Refund:
1. Purchase your items at any shops with this “Tax Free Shopping” sign and receive a payment slip.
2. When departing, you need to get a stamp issued from the customs officer after showing him the purchased items and payment slip.
3. At the Cash Refund Office in the airport, you can receive the amount of VAT. You may also be able to get a refund at the airport of your destination. Most Tax Free Shopping centers are found either at department stores or shops in Myeong-dong and Cheongdam-dong areas.
For more information: Global Refund: 82-2-776-2170
VAT
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 rooms, meals and other services and is included in the bill. Tipping
Tipping is not customary in Korea. Sometimes, expensive restaurants and luxury hotels may add a service charge of 10%. Thus, you do not necessarily have to prepare for extra charges since it will be included in the bill.
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