๐ด Money in Korea: Cards, Cash, ATMs and Exchange
Korea is one of the most card-friendly countries in the world, yet foreign visitors can still run into payment issues at small shops, traditional markets or automated kiosks. A little preparation will cover most situations.
Money ยท Updated 2026-10-05 ยท 5 min read
Cards and mobile payments
Credit and debit cards from major networks are accepted at most shops, restaurants and convenience stores. Contactless payment is widespread. Some self-service kiosks and older machines only accept Korean-issued cards, so keep a second payment method handy.
Local mobile wallets such as Naver Pay and KakaoPay generally require Korean bank accounts. Foreign visitors should not count on them, though some foreign-friendly options are gradually appearing.
Cash and ATMs
You still need some cash for traditional markets, street food and small local restaurants. Global ATMs, marked in English, are found at convenience stores, subway stations and airports, and accept many foreign cards. Check your bankโs foreign transaction fees and daily limit, and decline the ATMโs own dynamic currency conversion in favor of being charged in won.
Withdrawal limits and fees depend on the ATM operator and your card issuer, so larger amounts may need several withdrawals.
Currency exchange
Exchange counters in Myeongdong and at Incheon often give better rates than airport banks. Compare rates on the board, ask about fees, and bring your passport. Exchange only what you need, as reconverting leftover won can be costly.
Use the converter on this site for a quick estimate, then compare with your bankโs rate. Rates move daily.
Prices, schedules and entry rules change. The figures below are approximate and reflect information available when this guide was last reviewed; always confirm with the official source before you travel.