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How much money should I bring to Korea?


Korea is a beautiful country that attracts millions of tourists every year. If you’re planning a trip to Korea, one of the most important things you need to consider is how much money you should bring with you. In this article, we’ll discuss the factors that determine how much money you should bring, as well as some tips on how to save money during your trip.

Cost of Living in Korea

The cost of living in Korea varies depending on where you’re staying and what you’re doing. Generally, Seoul and Busan are more expensive than other cities. However, if you’re on a budget, there are plenty of ways to save money on food, transportation, and accommodation.

Accommodation Costs

Accommodation costs will likely be the biggest expense during your trip to Korea. You can find a range of accommodations from hostels to luxury hotels. The average cost of a hostel is around 20,000 KRW per night, while a budget hotel room can cost between 40,000 KRW to 80,000 KRW per night. If you want to save money on accommodation, consider staying in guesthouses or homestays.

Transportation Costs

Transportation costs in Korea are relatively affordable. You can use the subway or bus system to get around the city for less than 10,000 KRW per day. Taxis are also reasonably priced, with fares starting at 3,800 KRW for the first two kilometers.

Food Costs

Food in Korea is delicious and very affordable. Street food and snacks can be found for as little as 1,000 KRW, while a meal at a local restaurant can cost around 10,000 KRW. If you’re on a tight budget, consider packing your lunch or cooking your meals.

Entertainment Costs

There are plenty of free and low-cost activities to enjoy in Korea. Most museums and art galleries are free, as well as some parks and historical sites. If you’re interested in attending concerts or shows, prices can vary depending on the venue and the artist.

Shopping Costs

Korean shopping can be expensive, especially for luxury items. However, there are plenty of affordable options for souvenirs and gifts. Street markets and night markets offer a range of affordable items, including clothing, accessories, and traditional Korean crafts.

Exchange Rates

The exchange rate between your home currency and the Korean won will affect how much money you should bring. It’s a good idea to check the exchange rate before you travel to get an idea of how much your money will be worth.

ATMs and Credit Cards

ATMs are widely available in Korea and accept most international debit and credit cards. However, it’s a good idea to check with your bank beforehand to ensure that your card will work in Korea. Credit cards are also widely accepted in Korea, especially at larger stores and restaurants.

Tipping Culture

Tipping is not expected in Korea, but it is becoming more common in tourist areas. Some restaurants may add a service charge to the bill, so it’s important to check before leaving a tip.

Budgeting Tips

To save money during your trip to Korea, consider staying in affordable accommodation, eating street food, using public transportation, and taking advantage of free activities. You can also set a daily budget for yourself to avoid overspending.


In conclusion, how much money you should bring to Korea depends on your travel style, accommodation choices, and activities. By doing some research beforehand and following some budgeting tips, you can enjoy a fantastic trip to Korea without breaking the bank.

How much money should I bring to Korea for 2 weeks?

The amount of money needed for a 10-day trip to South Korea as a solo traveler varies based on your travel style. For a mid-range budget, $65USD per day would be sufficient. However, if you opt for low-cost accommodations like hostels, free activities in Seoul and local food, you could lower the daily expense to $40USD. This estimation is valid as of February 9th, 2023.

How much money do you need per day in Korea?

When traveling on a budget, 80,000 krw per day may suffice, but it may not cover high-end hotels or top-notch dining. Those with a mid-range budget should expect to spend 120,000 krw per day, while those looking for lavish accommodations should plan to spend at least 200,000 krw per day.

How much money do I need to visit South Korea for a week?

The expense of a tour of South Korea is determined by a variety of elements, including the length of the trip, the locations and attractions included in the itinerary, transportation, meals, and other considerations. A recommended 6-day vacation to South Korea is expected to cost between INR 60,000 to INR 65,000 per individual.

What month is the cheapest to fly to Korea?

The months of June and July are considered high season for travel to South Korea. However, April is the least expensive month for air travel to the country.

How far does usd go in South Korea?

For every US dollar, visitors can get approximately ₩1200 as the South Korean won (₩) is valued at about US$0.0008.

Do you need a lot of cash in Korea?

Korea’s crime rates are typically low, so it is generally safe to carry more cash than one would at home. However, it is still important to be cautious. Major hotels, department stores, and upscale city restaurants accept credit cards, but it is not wise to solely rely on them.

Additional Considerations

When budgeting for your trip to Korea, there are a few additional considerations to keep in mind. First, if you plan on purchasing a SIM card or renting a pocket Wi-Fi device for internet access, this will add to your expenses. However, many cafes and public areas offer free Wi-Fi, which can help you save money.

Another thing to keep in mind is that some attractions and activities may require an admission fee. For example, visiting a theme park or taking a guided tour may cost extra. It’s important to factor these expenses into your budget so that you’re not caught off guard.

Finally, it’s a good idea to have some emergency cash on hand in case of unexpected expenses or emergencies. While credit cards and ATMs are widely available, it’s always helpful to have some local currency in case you need to make a quick purchase or pay for something in cash.

In Conclusion

Overall, Korea can be an affordable travel destination if you plan carefully and budget wisely. By considering the cost of accommodation, transportation, food, entertainment, shopping, and other expenses, you can estimate how much money you’ll need to bring with you. With a bit of research and some budgeting tips, you can make the most of your trip to Korea without overspending.

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