The South Korean won is the currency of South Korea. Our records show the South Korean won is the 15th most traded currency with us. The banknotes are printed on paper material. The Bank of Korea (BOK) is responsible for issuing the South Korean banknotes.
Due to the sharp increase in banknote counterfeiting, the Bank of Korea adopted various complex anti-counterfeiting devices. Along with the new security features, the design was modernized with fresh colors and themes including science, art, and philosophy. The overall size of the banknotes was also reduced for increased convenience and to meet advanced country standards.
Did You Know?
These items cost the USD equivalent in the city of Seoul, South Korea*:
10 Mile Cab Ride: $13.95 USD
Budget Dinner for 2: $14.26 USD
Pint of Beer: $3.57 USD
*Figures are based on 2018 data. Information is subject to change as exchange rates and cost of goods fluctuate.
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*Sorry, no personal checks accepted. Valid government identification is required for all credit and debit card transactions. Additional cost for credit card transactions apply. Credit card transaction limit: $500. Debit card transaction limit: $5,000. Payments can be split between multiple payment types. Call your local CXI branch for more details.
About Currency Exchange International
CXI is a full service foreign currency exchange and international payments company headquartered in Orlando, Florida and publicly traded on the Toronto Stock Exchange (TSX:CXI). CXI uses its expertise to make foreign money easier for individuals, businesses, and financial institutions.