Certificate Center Security Center
login
Print Font SizeIncreaseDecrease

Foreign currency exchange for overseas travelers.
Korean Residents No limit on the amount Currency exchange transactions exceeding the amount equivalent to USD 10 thousand dollars shall be reported to customs prior to overseas departure.
Foreign Residents Up to USD 10,000 Should the foreign resident have no record of having made any foreign currency transactions, he/she can purchase up to USD 10,000 (passport must be presented).
Non-residents Up to USD 10,000 Non-residents can repurchase foreign currencies within the limit of the amount of foreign currency that they sold during their stay in Korea. Should the non-resident have no record of having sold any foreign currencies, he/she can purchase up to USD 10,000 (passport must be presented).
Expenses for
Traveling to
North Korea 		Up to USD 1,000 The use of credit and debit cards is available within the amount of USD 1,000, including cash.
Exchanging foreign currencies to KRW(Korean Won)
  • It is possible to exchange foreign currencies into Korean Won or make deposits in foreign currency
Residents No limit on the amount For transactions exceeding USD 20,000, it should be reported to the National Tax Service (Residents ID or passport required)
Non-residents Up to USD 20,000 (amounts exceeding USD 20,000 need to be reported) For transactions exceeding USD 20,000, verification of Declaration of Foreign Exchange must be presented and be reported to the National Tax Service. Should transactions exceeding USD 20,000 failed to be presented with verification of Declaration of Foreign Exchange, prior reporting to The Bank of Korea is required.
Complimentary services for customers exchanging foreign currencies
  • When exchanging foreign currencies amounting to amounts equivalent to USD 500 or over, Overseas Travelers' Insurance will be provided free of charge.
  • A preferential exchange rate will be applied to Prime Customers.