The most recent addition to the Korean won banknotes is the only sexy lady to be on any South Korean bank note (just kidding, she wasn’t that sexy). If you’re going to see someone everyday, you should at least get to know their names! Find out why these people are some of the most awesome people in Korean history! You’ll use money pretty much every day you’re in Korea, and that means you’ll be seeing these faces everyday too. Taxi drivers do not expect tips, but do appreciate if you let them keep the change.If you’re in Korea, of course you’ll have to deal with South Korean won.
However, many major hotels and upscale restaurants add a 10 percent service charge (in addition to the 10 percent VAT) to the bill. Tipping is not a Korean custom and will not be expected by service personnel. Receive your cash, check, or credit card refund at the refund counter located near the departure gates. Present your passport, refund check, receipt, and unopened merchandise at airport customs when leaving the country.Ĥ. Show your passport and ask for a refund check when paying.ģ. Purchase merchandise of total value greater than 30,000 won at stores displaying the “Tax Free” sign.Ģ. In order to receive your refund, visitors should do the following:ġ. At stores displaying a “Tax Free” sign, foreigners are eligible for a tax refund on purchases greater than 30,000 won. In Korea, a 10 percent VAT is added on to the price of many purchases. Visitors should avoid exchanging money at uncertified booths. Certified booths have a sign with the word “Certified” and currency symbols. Government-certified currency exchange booths also offer exchange outside of regular banking hours, and are usually located in areas frequented by international visitors. Most banks offer currency exchange services. Most ATMs offer foreign language services, including English, Chinese, and Japanese. ATMs that accept international cards are common and are marked with a “Global” sign or the logo of the international banks they accept cards from. ATMs can also be found at convenience stores, but often charge higher transaction fees. ATMs typically operate until 23:00, but many are open 24 hours a day. Banking hours can vary, but most have business hours from 09:00 to 16:00. Banks usually offer the best exchange rates to travelers.
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