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Business/Money in Korea, Seoul
See all Seoul Local Customs
1000 Won note - Seoul
1000 Won note
by Ewingjr98
Seoul Local Customs: Travel tips and advice posted by real travelers and Seoul locals.
Business/Money in Korea
• 2 Photos
• 7 Reviews
Seoul Business/Money in Korea ReviewsTips 1 - 7 of 7  
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Business/Money in Korea: CURRENCY
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  • Updated By kiwigal_1 on May 13, 2003
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  • Won - Seoul
    Won
    by kiwigal_1
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    The money in Korea is called the Won. Its value is about 1000 Won to $1 US. It is either impossible or very difficult to change Won outside of Korea. When coming to Korea you may bring any currency with you although I found Japanese Yen or US Dollars to be the most convenient.

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    Business/Money in Korea: Business: When you take the...
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  • By carstenj on August 24, 2002
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  • Business: When you take the lift in an office building, particularly in the morning, it is customary to queue up and wait your turn.


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    Business/Money in Korea: Business: Business Cards are...
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  • Updated By carstenj on August 24, 2002
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  • Business: Business Cards are used as name cards so stock up before going, you'll need them. When handing it to someone, you do so using both hands and holding your card so your name is easily read.


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    Business/Money in Korea: Business: Direct and...
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  • Updated By carstenj on August 24, 2002
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  • Business: Direct and confrontational behaviour as well as loudness is unacceptable. Korean's are polite and well behaved always, and very quite people. You should never openly correct someone in front of everyone else if at all avoidable.


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    Business/Money in Korea: Business: Whatever you do, do...
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  • By carstenj on August 24, 2002
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  • Business: Whatever you do, do not argue or be lecturing in the open with Koreans in a business environment. You do that in private, if necessary. They will not forgive you if you make them loose face and that is no way to build a professional relationship. They will respect you, if you respect them.


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    Business/Money in Korea: Give and Receive Money With Both Hands
  • By chantel61 on April 16, 2005
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  • It is very important to give and receive money with both hands. If one hand is not available, make sure to use your right hand and keep your left hand visible.

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    Business/Money in Korea: Korean Money
  • Updated By Ewingjr98 on March 24, 2006
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  • 1000 Won note - Seoul
    1000 Won note
    by Ewingjr98
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    Korean bills come in only 1000, 5000, and 10,000 Won notes. Coins come in 50, 100, and 500 won. Since the exchange rate is around 1150 Won to a dollar, you'll see that it takes a lot of paper to pay your rent or buy major items. Luckily, there are bank checks for 100,000 and 1,000,000 won, not really money, but it's the next best thing. A new 5,000 Won note has been used since 1 Jan 2006 and A new 1,000 Won note was recently revealed and will go into circulation in 2007.

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