Introduction
When planning a trip to Korea, it’s important to have a budget in mind. Knowing how much money to bring can be tricky, especially if you’re unfamiliar with the country’s currency and cost of living. In this article, we’ll break down the expenses you can expect to encounter during your two-week stay in Korea and provide tips on how to save money while still having a great time.
Transportation
The first expense to consider when traveling to Korea is transportation. If you’re flying into Incheon International Airport, you’ll need to take a train or bus into the city. A one-way ticket on the Airport Railroad Express (AREX) costs around 9,000 KRW ($8 USD), while a bus ticket can range between 10,000-15,000 KRW ($9-$13 USD). Once you’re in Seoul, the subway system is an affordable and convenient way to get around. A single ride costs 1,350 KRW ($1.20 USD), but you can save money by purchasing a T-money card or using a mobile payment app.
Accommodation
Next up is accommodation. The cost of lodging can vary depending on where you stay and what type of accommodation you choose. Hostels and guesthouses are generally the most affordable option, with prices ranging from 15,000-30,000 KRW ($13-$26 USD) per night for a dormitory-style room. Hotels and Airbnb rentals are more expensive, with prices ranging from 50,000-150,000 KRW ($44-$130 USD) per night. To save money on accommodation, consider staying outside of popular tourist areas or booking in advance for discounts.
- Talk To Me In Korean (Author)
- English (Publication Language)
- 164 Pages - 09/21/2015 (Publication Date) - Longtail Books (Publisher)
- Kim, Woojoo (Author)
- English (Publication Language)
- 6 Pages - 11/23/2021 (Publication Date) - Tuttle Publishing (Publisher)
Food and Drink
Korean cuisine is known for its delicious and diverse dishes, but dining out can add up quickly. A basic meal at a fast food chain or street vendor can cost around 5,000-8,000 KRW ($4-$7 USD), while a sit-down restaurant meal can range from 10,000-30,000 KRW ($9-$26 USD) per person. Alcohol prices can also vary widely, with beer and soju being the most affordable options. To save money on food and drink, look for local markets and street food vendors, or try cooking your own meals if you have access to a kitchen.
Entertainment
Korea has plenty of entertainment options, from traditional cultural performances to modern theme parks. Prices can vary depending on the activity, but here are some rough estimates: admission to a museum or art gallery costs around 5,000-15,000 KRW ($4-$13 USD), a movie ticket costs around 10,000-15,000 KRW ($9-$13 USD), and a day pass to a theme park costs around 50,000-70,000 KRW ($44-$61 USD). To save money on entertainment, look for free events and activities, or purchase discounted tickets in advance.
Shopping
Korea is famous for its shopping, with everything from high-end luxury brands to affordable streetwear. The cost of shopping can vary depending on where you go and what you’re buying. Department stores and shopping malls tend to be more expensive, while street markets and underground shopping centers offer more affordable options. To save money on shopping, consider visiting outlets or discount stores, or bargaining with vendors for lower prices.
Communication
If you need to stay connected during your trip to Korea, you’ll need to factor in the cost of communication. SIM cards and mobile plans can be purchased at the airport or local stores, with prices ranging from 30,000-80,000 KRW ($26-$70 USD) for a two-week plan. Alternatively, you can use free Wi-Fi at cafes and public spaces, or purchase a portable Wi-Fi device for around 5,000 KRW ($4 USD) per day.
Tipping
Tipping is not a common practice in Korea, so you don’t need to worry about leaving a gratuity at restaurants or hotels. However, if you receive exceptional service or want to show your appreciation, a small tip or gift is always appreciated.
Travel Insurance
Travel insurance is an important consideration for any trip, especially if you’re traveling internationally. The cost of travel insurance can vary depending on the provider and coverage options, but expect to pay around 10,000-20,000 KRW ($9-$17 USD) per day.
Emergency Expenses
It’s always a good idea to have some extra cash on hand for unexpected expenses or emergencies. This can include things like medical expenses, lost or stolen items, or unplanned transportation costs. Aim to have at least 100,000 KRW ($87 USD) in reserve for these situations.
Currency Exchange
Lastly, it’s important to consider currency exchange rates when bringing money to Korea. The local currency is the Korean Won (KRW), and exchange rates can fluctuate daily. It’s best to exchange money at the airport or local banks to get the most favorable rate.
Conclusion
In summary, how much money you should bring to Korea for two weeks depends on your travel style and preferences. A rough estimate would be between 1-2 million KRW ($870-$1,740 USD), but you can adjust this based on your planned activities and budget. By following these tips and being mindful of your spending, you can make the most of your trip to Korea without breaking the bank.
How much money do you need to spend a week in Korea?
If you plan to stay in South Korea for one week, you can choose from three different options: a cheap stay for 7 days costs 600 USD (779,000 KRW), a budget travel for 7 days costs 795 USD (1,032,000 KRW), and a comfortable stay for one week costs 998 USD (1,296,000 KRW).
- Talk To Me In Korean (Author)
- English (Publication Language)
- 164 Pages - 09/21/2015 (Publication Date) - Longtail Books (Publisher)
- Kim, Woojoo (Author)
- English (Publication Language)
- 6 Pages - 11/23/2021 (Publication Date) - Tuttle Publishing (Publisher)
Do I need cash in South Korea?
If you’re planning a trip to South Korea, remember to bring your plastic payment options with you. South Korea is a contemporary and culturally diverse country with delicious cuisine. Credit cards, debit cards, and cash are all widely accepted, but cash is becoming less prevalent.
How much can a trip to South Korea cost?
Packages for touring South Korea are available with varying durations and prices. Some examples include a 6-day package with a 20% discount, a 7-day package with a 14% discount, and a 9-day package. Each package offers different highlights and activities to enjoy during your stay.
Is 3 weeks enough for Korea?
A three-week itinerary in South Korea allows for ample time to fully explore each destination and experience the culture. Travelers can choose to stay longer in major cities or add additional stops such as Sokcho or Jeju Island to their trip. The itinerary offers flexibility and the opportunity for a thorough exploration of the country.
How much usd should i bring to South Korea?
It is advisable to have at least $200 in cash with you, as it can come in handy in situations where cards are not accepted or in case of emergency. Although most stores accept cards, some small vendors and street markets only accept cash.
Do US debit cards work in Korea?
Credit and debit cards are a practical and easy way to make payments while travelling in South Korea, as they are widely accepted. However, for smaller transactions under ₩10,000, some merchants may not have the necessary facilities to accept card payments.
Cultural Tips
Before embarking on your trip to Korea, it’s important to familiarize yourself with the country’s customs and etiquette. For example, it’s customary to remove your shoes before entering someone’s home or certain businesses. Additionally, showing respect to elders and authority figures is highly valued in Korean culture. Learning a few basic phrases in Korean, such as “hello” (annyeonghaseyo) and “thank you” (kamsahamnida), can also go a long way in showing respect and building rapport with locals.
Weather Considerations
Korea has distinct seasons, with hot summers and cold winters. If you’re visiting during the summer months (June-August), be prepared for high humidity and frequent rain showers. During the winter months (December-February), temperatures can drop below freezing, so make sure to pack warm clothing and layers. Spring (March-May) and fall (September-November) are generally mild and pleasant, making them ideal times to visit for outdoor activities.
Safety Tips
Korea is generally a safe country for travelers, but it’s always important to exercise caution and common sense. Petty crime can occur in tourist areas, so keep an eye on your belongings and avoid flashing expensive items like cameras or jewelry. Additionally, be aware of your surroundings when using public transportation, especially during rush hour when crowds can be overwhelming.
Language Barrier
While many Koreans speak English, especially in major cities like Seoul and Busan, there may still be some language barriers to navigate. It’s a good idea to bring a translation app or phrasebook to help communicate with locals. Keep in mind that not all signs or menus may have English translations, so be prepared to use gestures or point to items as needed.
Conclusion
By considering transportation, accommodation, food and drink, entertainment, communication, tipping, travel insurance, emergency expenses, currency exchange, cultural tips, weather considerations, safety tips, and the language barrier, you can better plan and budget for your trip to Korea. With the right preparation and mindset, you can have a memorable and enjoyable experience in this fascinating country without overspending.
