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| Korean Residents | No limit on the amount | Exchange currencies exceeding the amount equivalent of USD 10 thousand dollars shall be reported to the customs in advance of departure to foreign countries. |
|---|---|---|
| Foreign Residents | Within USD10,000 | In case that the foreign resident has no record of having sold any foreign currencies, he/she can purchase up to USD 10,000 (passport must be presented). |
| Non-residents | Within USD10,000 | Non-residents can repurchase foreign currencies within the limit of the amount of foreign currency that they sold during their stay in Korea. In case that the non-resident has no record of having sold any foreign currencies, he/she can purchase up to USD 10,000 (passport must be presented). |
| Expenses for Travelling North Korea |
Within USD1,000 | Use of credit cards and debit cards are available within the amount of USD1,000 including cash. |
| Residents | No limit on the amount | In case of exceeding USD20,000 in exchanging foreign currencies, it shall be reported to the National Tax Service.(Residents ID or passport is required) |
|---|---|---|
| Non-residents | Within USD 20,000(exceeding USD20,000 requires report) | In case of exceeding USD20,000 in exchanging foreign currencies, verification of Declaration of Foreign Exchange must be presented and it shall be reported to the National Tax Service. In case of exceeding USD20,000 in exchanging foreign currencies without presenting verification of Declaration of Foreign Exchange, prior report to The Bank of Korea is required. |
