Expat Finance Services in Korea, South

The currency in South Korea since 1962 has been the South Korean won. In that year it replaced the previous currency, the South Korean Hwan, although there had been previous currencies in South Korea also known as the Won. It now comes in bank notes with the denominations of different colors depending on value - 1000 (blue), 5000 (red and yellow), and 10,000 won (green), and since the year 2009, the 50,000 won note (orange and yellow).


There is a limit on the amount of cash in South Korean won that can enter or leave South Korea at a time, this limit is 8 million won. Any amount of foreign currency may be brought into South Korea. International debit or credit cards will work at almost any business in South Korea, but not at all ATM machines.


When obtaining a bank account in South Korea, the bank will issue an ATM card, which can only be used to withdraw won from an ATM, and is thus not quite the same thing as a debit card. ATM machines in South Korea are only left on until 11 PM, so ATM banking must be completed before that time.

See our guides

Currency Exchange in South Korea

Need to transfer money or make a significant purchase abroad? Compare foreign exchange specialists and get the best exchange rate on the market.

Get a free quote

Current Account in South Korea

Current accounts specifically created to address your needs as an expatriate. Multi currency, bill payments… find the solutions to your everyday banking needs.

Get a free quote

Offshore Savings in South Korea

Compare offshore savings accounts and find the right solution that meets your saving requirements while living abroad.

Get a free quote

Expat Mortgages in South Korea

Free and no obligation quotes to help you find the best overseas mortgage. Compare overseas mortgage advisors and make a free enquiry

Get a free quote

Financial Advice in South Korea

Get information on investment portfolio building to achieve your investment objectives according to your risk profile.

Get a free quote

Expat Savings in South Korea

Make an initial no-obligation enquiry about saving plans, school fees planning, retirement planning. Save money, plan ahead and discover all the attractive options available to you as an expat.

Get a free quote

QROPS in South Korea

Learn more about Qualifying Recognised Overseas Pension Schemes. Make an initial no-obligation enquiry to get expert advice on transferring your pension overseas

Get a free quote

Online Broker in South Korea

Compare online brokers for forex trading, cfd trading, internet share trading and more..

Get a free quote

US Expat Tax in South Korea

American expatriates have the legal obligation to file US tax returns yearly on their income wherever sourced. Get free advice and US tax returns filling quote

Get a free quote

Tax Advisory in South Korea

Make an initial no-obligation enquiry on tax planning, tax return or tax issues that you may face as an expatriate.

Get a free quote