        
|
 Denomination |
| · Old Bills |
 |
|
10,000 Won(man won) 5,000 Won(ocheon won) 1,000 Won(cheon won) |
| · New Bills |
 |
|
10,000 Won(man won) 5,000 Won(ocheon won) 1,000 Won(cheon won) |
| · Coins |
 |
|
500 Won(obaek won) 100 Won(baek won) 50 Won(osip won) 10 Won(sip won) |
| 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. |
