Do you need cash for shopping when you travel in Seoul?
Do you need cash for shopping when you travel in Seoul?
Seoul, the vibrant capital of Korea, offers a blend of tradition and modernity that attracts millions of visitors every year. While planning a trip to this bustling metropolis, you may wonder, “Does Seoul need cash?” Korea has highly developed technologies and infrastructure, but cash still plays an important role in everyday transactions. In this article, we will explore the importance of cash in Seoul and provide essential tips on managing your money during your visit.
Use cash in day-to-day transactions.
In Seoul, cash is widely accepted and favored, especially in many facilities such as small local stores, street markets, and traditional restaurants. Credit cards are used in most major department stores, hotels, and tourist-friendly areas, but you may find that you need cash when enjoying nearby stores, public transportation, or street food. Therefore, it is recommended to always have won in your wallet for convenience.
ATMs and currency exchange stations.
It is important to know where you can get Korean currency if you want to secure enough cash during your stay in Seoul. ATMs are widely available throughout the city, and you can withdraw cash using international debit or credit cards. However, it is important to make sure your card is compatible with Korean ATMs in advance. Also, some ATMs may have withdrawal limits, so if you need a significant amount of cash, you may have to make multiple transactions.
Alternatively, you can exchange it to Korean won at a dedicated currency exchange located at an airport, bank, or popular tourist area. While these options offer convenience, keep in mind that they can charge a fee or offer a less favorable exchange rate compared to a bank. It is always recommended to compare interest rates and fees before making a currency exchange transaction.
The importance of cash in the domestic market.
Seoul is known for its vibrant street markets, such as Namdaemun and Gwangjang markets, where you can immerse yourself in local culture, try traditional street food, and buy unique souvenirs. These markets are not only cash-friendly, but often offer better prices or discounts when paying in cash. So, if you plan to explore local markets and bargain for a good deal, keeping cash will undoubtedly be beneficial.
Smart money management.
Cash is important, but managing your funds wisely during your trip to Seoul is also essential. Here are some tips to help you get the most out of your money: Budgeting: Plan and budget your daily spending to avoid overspending and secure enough cash for your entire journey.