Stay Abroad

Do You Need Cash While Staying in Korea?

Written by

stayabroad

in

A Foreigner’s Guide to Spending Money in South Korea

South Korea is widely known for its advanced technology — and yes, it’s true: credit cards, debit cards, and mobile payments are accepted almost everywhere.
But if you’re a foreigner staying in Korea, you might be wondering: “Do I still need cash?”
The short answer is: yes, but only in certain situations.

Here’s a breakdown of when and where you’ll need cash — and how much you should carry.

1. Where You Usually Don’t Need Cash

  • Convenience stores (GS25, CU, 7-Eleven)
  • Supermarkets and department stores
  • Subway and bus systems (with T-money or credit cards)
  • Restaurants and cafes, especially in urban areas
  • Taxis (most accept cards or KakaoPay)
  • Online shopping and food delivery apps

In major cities like Seoul, Busan, and Incheon, you can go days without ever opening your wallet.

2. When You’ll Likely Need Cash

  • Traditional markets (e.g. Namdaemun, Gwangjang)
  • Street food vendors
  • Small local restaurants in rural areas
  • Countryside guesthouses or older shops
  • Some temple stays or cultural workshops
  • Certain coin laundry machines or vending machines

Cash is also helpful when splitting bills with friends or topping up your T-money transportation card.

3. How Much Cash Should You Carry?

It depends on your location and habits, but as a general rule:

  • In Seoul: ₩20,000–₩50,000 KRW (15–35 USD) is usually enough for emergencies or small cash-only places.
  • In smaller cities or rural areas: Consider carrying ₩100,000 KRW or more, just in case.

4. How to Get Cash in Korea

  • Use international ATMs at:
    • Major banks (Shinhan, KB, Woori)
    • 7-Eleven or CU ATMs (some accept foreign cards)
  • You can withdraw with Visa, MasterCard, or Cirrus cards
  • Note: Some ATMs charge fees and only work during daytime

Pro tip: ATMs labeled “Global ATM” are more likely to accept international cards.

5. Can I Live Cash-Free in Korea?

Almost.
If you’re in Seoul, carry just a little cash and you’ll be fine 95% of the time.
But outside big cities, it’s always smart to have some bills on hand — just in case the card machine breaks or Wi-Fi goes out.

Korea is one of the most card-friendly countries in the world, but having a bit of cash is still useful — especially if you plan to explore local culture beyond the city center.

A few bills in your pocket could make the difference between enjoying a street snack… or walking past it hungry!

More posts