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 Money & Currency Denomination
Bills
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10,000 won
man won |
5,000 won
ocheon won |
1,000 won
cheon won |
New Bills
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10,000 won
man won |
5,000 won
ocheon won |
1,000 won
cheon won |
Coins
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500 won
obaek won |
100 won
baek won |
50 won
osip won |
10 won
sip won |
* Buses and vending machines may only accept 1,000 won bills and coins.
* Related article : Historical people and places on Korean currency
Average Price List of Goods
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0.5L water
600 won |
An apple
1,000 won |
A bagel
900 won |
Ramyeon
600 - 900 won |
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Snack (small)
700 won |
Pizza hut Supersupreme (L)
16,000 - 20,000 won |
Starbucks coffee
Americano (tall)
3,300 won |
Big Mac set
in Mcdonald's
4,600 won |
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Bibimbap
5,000 - 8,000 won |
Movie
7,000 - 8,000 won |
A book (small)
8,000 - 12,000 won |
CD
15,000 won |
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DVD
20,000 - 25,000 won |
Newspaper
500 - 700 won |
PC bang
(PC room)
One hour
1,000 - 2,000 won
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Noraebang
(Karaoke Room)
One hour
5,000 - 10,000 won |
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Soda 250ml
(small can)
700 won |
Milk (1L)
1,700-1,900 won |
Beer (bottle)
1,600 − 1,700 won
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Cigarettes
1 box
2,500 won |
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Bus fare
1,000 won |
Base taxi fare
1,900 won |
Subway fare
(one service area)
1,000 won
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Aspirin
(20 tablets)
2,000 won |
ATM
Cards with the Plus and Cirrus logos are the easiest to use and most widely accepted in Korea. Some places even accept international cards like China UnionPay, Maestro, Electron, and JCB cards.
Banks as well as other sites have ATMs (automatic teller machines), where customers can make withdrawals, deposits, and fund transfers. However, as all ATM transactions require an account with a Korean bank, ATMs are not particularly convenient for international travelers except for getting cash advances on a credit card. If you have an account with Citibank, however, you can enjoy a more extensive range of banking services. Just visit a Citibank location nearby for ATM or counter services. Some ATM/CD machines operate 24 hours a day, while others are open from 8 a.m. to 12 a.m.
Banks Offering Cash Service in Korea / Credit Card
Cash dispenser machines, called CDs, which only offer cash withdrawal services, can be found in subways, convenience stores, railway stations, bus terminals, and department stores. Most are open 24 hours a day and dispense cash in 10,000 won units. Most machines display English directions on the monitor, and others also have Japanese and Chinese.
When using your international debit card at a CD machine, even one displaying the debit card logo, you may get an error message. If that occurs, look for a CD in more populated places like train stations, bus terminals, or department stores. If you get the same error message at a bank, ask a bank representative at the counter to help you.
If you have any questions while using ATM/CD machines, call the Korea Travel Phone at 1330.
Tax Refund
Any product with this "Tax Free Shopping" mark indicates that you will get a refund on VAT. In order to receive the refund you must depart Korea within 3 months of purchase.
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1. Purchase your items at any shop with this "Tax Free Shopping" mark and receive a payment slip. (Global Refund Cheque)
2. Before you check-in, please take your purchased goods and the corresponding payment slips to the 'Oversize Baggage Input' area, if you are not going to bring your purchased goods to the airplane. There are two counters, one near section D and one near section J. Here they will give you the stamp necessary to receive your refund. (see map below for reference)
If you are going to bring your purchased goods to the airplane, you can get the customs stamp at the 'Customs Declaration' section.(see map below for reference)
For more information, please go to the following page on the Incheon International Airport's website: http://www.airport.or.kr
3. The Cash Refund Office at the airport is located at Gate 28, where you can receive your VAT refund. 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 the Myeong-dong and Cheongdam-dong areas.
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For more information call Global Refund: 032-743-4140 or 02-776-2170
Where to get your TAX refund at Incheon International Airport:
Global Refund (Tel: 032-743-4140).
This counter is on the Departures floor (3rd floor), near Gate 28.
Tax
Usually tax is included in prices, so the amount written on a price tag is the total amount you will pay. But sometimes in the case of high-end restaurants and hotels, there is a 10% value-added tax that isn't included on menu prices. Furthermore, there are some cases where a 10% service fee is charged.
Tipping
There isn't regular tipping in Korea, but sometimes there are cases at expensive restaurants or hotels where a 10% service fee is added to the base price. In these cases, the service fee is usually included as part of the listed price, so arranging an additional tip isn't necessary.
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