How much cash should I have on hand in South Korea?

If you're going as a tourist, I'd plan on having about the equivalent of $100 a day in spending money. Korea is super wired and you won't have a problem using a credit card but as the same time it's not always great to be using a credit card as a foreigner at some mom and pop op.



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I can't speak to Jeju, but cards are widely accepted in Seoul and Busan. You shouldn't need more than $200 USD equivalent in cash. You won't even spend it all to be honest unless you are constantly eating street food and doing a lot of flea market shopping.

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Budget-Friendly Travel Planning You should plan to spend around ?147,903 ($111) per day on your vacation in South Korea, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, ?38,176 ($29) on meals for one day and ?21,533 ($16) on local transportation.

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If your place of residence is covered, then yes, $3000 is more than enough for a month in Seoul unless you have very expensive activities planned or plan to buy a lot of expensive items.

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If you don't drink, should be fine. If you want to drink Jack and coke all night, every night 500,000? might do for two days. If you drink a reasonable amount of local soju, and makgeolli you should be okay. Just check the prices for the anju, drinking food.

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All major credit cards are accepted in South Korea, but if you're venturing into the rural areas or would like to dine at smaller restaurants, it is best to still have some cash on you.

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Generally, the minimum bank balance requirement ranges from 1,000 to 3,000 USD per person.

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How much money will you need for your trip to South Korea? You should plan to spend around ?147,903 ($111) per day on your vacation in South Korea, which is the average daily price based on the expenses of other visitors.

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Average monthly cost of living in South Korea According to Numbeo, the estimated cost of living in South Korea (excluding rent) is around $1,026 per month, including the cost of food, transportation, utilities, and entertainment, however: this estimate should be adjusted for your lifestyle choices.

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Credit cards, debit cards, and cash are all accepted without issue in South Korea, with cash becoming less common. According to the Bank of Korea, only about 20% of financial transactions in Korea are made with cash.

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All taxis in Seoul accept credit, debit and cash payments, as well as Tmoney cards. Food, drink and smoking are prohibited during your taxi transfer.

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Tipping in bars and restaurants is not expected in South Korea, unlike in most countries in Europe and in the United States. The general rule is the service should be exceptional at all times, and with no expectation of extra pay. Tipping in South Korea can be considered rude and frowned upon.

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For most people living 2 weeks in Seoul without having to pay for accomodation, 1 million is way more than enough. I think I could even live 2 weeks with 1 million, including accomodations, without being cheap. if you spent $850 in 6 days you are living the high life...how much of that was in bars and clubs?

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