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You can use your Visa or Mastercard and travel money card almost everywhere in South Korea. While you can use debit cards to make purchases, not all ATMs accept foreign cards. Always look for the word Globalon ATMs before you use it. Mobile payments are wildly popular with youth in South Korea. So, load your credit cards onto your smartphones and l...
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The import and export of local currency is allowed up to KRW 8,000,000, or about $7,000 USD. Be sure to declare any incoming money greater than $10,000, including traveler’s checks. And you can’t take out more than you bring in. You can always send cash to South Koreaahead of time with a money transfer service and have it waiting for pickup when yo...
There are two types of ATMs in South Korea: those that accept foreign cards and those that don’t. Cash dispenser (CD) machines generally accept international cards. If you insert your card into an ATM and it gives you an error message, you’ll need to search for another machine. Look for the Globallogo on the front of the ATM and select the English ...
South Korea can be considered expensive compared to budget destinations like Thailand, Cambodia and Vietnam. But you’ll find it less pricey than other developed countries like Japan. Expect to spend up to $50 daily if you’re traveling on a tight budget. If you loosen those purse straps, you can find yourself spending up to $100 to $300 a day.
South Korea is one of the fastest-growing global economies and the fourth-largest economy in Asia. Remarkably it was able to rise from one of the world’s poorest countries to a highly developed nation in only one generation. Historically, the US dollar has been stronger against the won. Over the past decade, the USD has generally been worth between...
