Posted inQuestion about South Korea
How much cash can you bring into Korea?
Travelers to South Korea are limited to bringing in KRW 10,000,000 or approximately USD 8,800 in cash without declaring it to customs officials. The restriction is in place to prevent money laundering and illegal activities. Business travelers may be able to bring in more with proper documentation and justification. There are also restrictions on the amount of foreign currency that can be brought into the country, with a limit of USD 10,000 or its equivalent in other currencies. Failure to declare cash or foreign currency may result in confiscation and legal consequences. It is recommended to use credit cards whenever possible and withdraw cash from ATMs if needed.