Money and the Economy

Korea's currency is the won (W). In some tourist areas, merchants may be willing to accept U.S. dollars or Japanese yen, but the exchange rate will be worse than the official rate. Most banks and hotels can exchange money, and most will also take travelers checks. Cash advances on non-Korean credit cards can be made in most subway stations and banks. Many international banks have offices in Seoul, and a few have branches in Pusan.