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The currency in South Korea is the Korean Won (KRW). The exchange rate is subject to market fluctuation, but usually US$1 equals approximately KRW 1,000. Banknotes come in denominations of 1,000, 5,000, 10,000, and 50,000. While most places accept credit card payments, it is a good idea to keep a stash of small denomination notes. Alert on ATMs: Although ATMs are widespread in Seoul, many foreign visitors report trouble using their cards in Korean machines. Continue Reading →

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