The unit of Korean currency is the Won (£Ü). Coin denominations are £Ü10, £Ü50, £Ü100 and £Ü500. Banknotes are £Ü1,000, £Ü5,000 and £Ü10,000. As of January 1, 2010, the exchange rate is approximately US$1 to KR £Ü1175.
Currency exchange:
Foreign banknotes and traveler's check can be exchanged at foreign exchange banks and other authorized moneychangers.
Credit cards:
Diners Club, Visa, American Express and MasterCard are widely accepted at major hotels, shops and restaurants in the larger cities. Check with your credit card company for details of merchant acceptability and other services which may be available.
Traveler's check:
Accepted, but may be difficult to change in smaller towns. To avoid additional exchange rate charges, travelers are advised to take Traveler's check in US Dollars.
The exchange of foreign currencies may be made at Jeju International Airport.
The exchange services are also provided at ICC Jeju.
[Banking hours: 9:00 AM ~ 4:30 PM, From Monday to Friday]