How much cash do I need to bring to Korea?

Ditch the Credit Card? How Much Cash You Really Need for a Korean City Break

South Korea, land of shimmering K-Pop stages, spicy kimchi, and cutting-edge technology. You’re planning a quick city break, soaking in the atmosphere of Seoul or Busan. But a crucial question looms: how much cash do you actually need to bring? While card payments are increasingly common, knowing when (and how much) cash to carry can save you headaches and enhance your experience.

The good news is, you likely don’t need to arrive swimming in wads of won. For a brief city visit lasting 3-5 days, focusing on exploring urban hubs like Seoul or Busan, a sensible cash budget falls within the range of ₩80,000 to ₩100,000 (approximately $60-$75 USD).

Why this seemingly small amount? This allocation is specifically for those delightful incidental expenses that make travel truly memorable. Think:

• Street Food Adventures: Korea’s street food scene is a must-experience! Tteokbokki (spicy rice cakes), Korean fried chicken, and Bungeoppang (fish-shaped pastry) are best enjoyed straight from the vendor, and many smaller stalls still prefer cash.
• Exploring Local Markets: Dive into the vibrant chaos of Namdaemun Market in Seoul or Jagalchi Fish Market in Busan. While some larger vendors accept cards, smaller stalls often operate primarily on cash. Snapping up souvenirs, trying unique snacks, or bartering for a trinket is often easier with won in hand.
• Public Transportation Top-Ups: While T-money cards (rechargeable transportation cards) are widely used and can be topped up with cash, it’s handy to have some physical currency readily available, especially if you need to quickly refill your card or navigate smaller, less frequently used bus routes.
• Small Purchases and Tips (Sometimes): While tipping isn’t customary in South Korea, you might encounter situations where a small token of appreciation is appropriate, especially for exceptional service at a smaller, family-run establishment.
• Emergency Buffer: Having cash on hand provides a crucial safety net for unforeseen circumstances like card malfunction, ATM unavailability, or unexpected expenses.

Important Considerations for Adjusting Your Budget:

The ₩80,000 – ₩100,000 guideline is a starting point. Your actual needs will vary based on your travel style and planned activities. Consider these factors:

• Accommodation and Main Meals: If you’ve already pre-booked accommodation and have a separate budget for sit-down restaurant meals, you might need even less cash. Many restaurants in tourist areas accept major credit cards.
• Luxury vs. Budget Travel: If you plan on frequenting high-end shops, fancy cafes, or upscale restaurants, you’ll likely rely more on your credit card. However, even then, having some cash on hand is still beneficial.
• Day Trips and Activities: If you’re venturing outside the main cities or planning on engaging in activities like temple stays or traditional craft workshops, research payment options beforehand. Some may require cash payment.
• ATM Availability and Fees: While ATMs are generally accessible, be mindful of potential transaction fees charged by your bank and the Korean ATM. Checking with your bank before departure is highly recommended.

Smart Cash Strategies:

• Exchange Currency Before You Go (Partially): While airport exchange rates are often less favorable, exchanging a small amount of currency before arriving allows you to pay for immediate needs like airport transportation.
• Utilize Local ATMs: Once in Korea, consider using ATMs at major banks like Shinhan Bank or KEB Hana Bank for potentially better exchange rates and lower fees.
• Inform Your Bank: Notify your bank of your travel plans to avoid having your credit card blocked due to suspected fraudulent activity.

The Bottom Line:

South Korea is becoming increasingly cashless, but relying solely on cards can still be limiting. Carrying ₩80,000 to ₩100,000 (roughly $60-$75 USD) provides a comfortable buffer for enjoying street food, exploring markets, and covering other incidental expenses during a short city visit. Adjust your budget based on your planned activities, and remember that a little cash can go a long way in enhancing your Korean adventure! Enjoy the sights, sounds, and flavors of this fascinating country!