Where to Exchange Currency in Korea (2026 Best Rates & Safe Spots Guide)
If you're visiting Korea in 2026, getting the best exchange rate can save you a lot — especially for longer trips or shopping-focused itineraries.
In this guide, we cover:
- 💱 Best places to exchange money in Seoul & Korea
- 🛬 Airport vs city exchange rates
- 💳 When to use WOWPASS or credit cards instead
- ⚠️ How to avoid currency exchange scams
Let’s find where you’ll get the best bang for your buck in Korea!
1. Should You Exchange Money at the Airport? ✈️
📉 Short answer: Airport rates are convenient, but not the best.
At Incheon and Gimpo airports:
- 🔸 Currency exchange counters are open 24/7
- 🔸 Rates are 5–10% worse than city centers
- 🔸 Good for small amounts (₩50,000–₩100,000)
💡 Tip: Exchange just enough for transport or meals. Then head to Myeongdong or major districts for better deals.
2. Best Places to Exchange Currency in Seoul (2026 Update) 🏙️
Seoul offers excellent exchange rates in specific areas. Here’s where locals and tourists go:
| Location | Best For | Why? |
|---|---|---|
| Myeongdong | All currencies | Most competitive rates, multiple shops |
| Namdaemun Market | Cash exchange | Low spreads, close to city center |
| Hongdae / Itaewon | Younger travelers | Good rates, tourist-friendly shops |
| WOW Exchange (Gangnam) | Digital + cash | Links with WOWPASS, transparent rates |
💡 Tip: Always check the “buy rate” (you give USD, get KRW) — and compare 2–3 shops before exchanging.
3. Using WOWPASS for Currency Exchange 💳
The WOWPASS card is growing fast among tourists in 2026.
Key features:
- 🌐 Load multiple currencies via app
- 📈 Mid-market rates — better than many exchange shops
- 🏧 Withdraw KRW at kiosks or ATMs
- 💸 Transparent fees
⚠️ Note: You must verify identity with passport. Not suitable for large cash withdrawals.
💡 Use WOWPASS for everyday spending and save physical exchange for bigger amounts.
4. Avoiding Currency Exchange Scams in Korea ⚠️
While Korea is generally safe, some unregistered money changers may:
- ❌ Show fake rates (bait-and-switch)
- ❌ Shortchange customers with bad math
- ❌ Claim "no fee" but give poor rates
🛡️ How to stay safe:
- ✔️ Use licensed shops (look for official signage)
- ✔️ Ask to see the calculator during the exchange
- ✔️ Avoid back-alley exchangers, especially at night
💡 Always count your money before leaving the counter.
5. Credit Cards & ATMs: Are They Better? 🏧
Sometimes, you don’t need to exchange at all.
💳 Foreign-friendly credit cards (Visa/Mastercard) are accepted almost everywhere in Korea.
- 📲 Mobile payment also works (Apple Pay, Samsung Pay, Google Pay)
- 🏧 ATMs at 7-Eleven or CU allow foreign card withdrawals
💡 ATM exchange rates vary by card provider — check before using.
🚫 Avoid using hotel front desks for currency exchange — worst rates.
6. Currency Exchange Tips for 2026 ✍️
- ✅ Bring crisp, new bills — some shops reject old or damaged notes
- ✅ Exchange large amounts at once to reduce fee impact
- ✅ Track live exchange rates with apps like XE, Naver, or WOWPASS
- ✅ If possible, avoid exchanging on weekends — some shops close or lower rates
📌 KRW is not easily re-exchanged abroad — spend or exchange before departure.
Conclusion: Best Way to Exchange Money in Korea (2026) ✅
Here’s the winning strategy:
- 🔹 Exchange small amount at airport (₩50,000–₩100,000)
- 🔹 Go to Myeongdong or WOW Exchange in Seoul for bulk cash
- 🔹 Use WOWPASS or card for everyday spending
With smart planning, you can avoid bad rates and get the most KRW for your money.
Next up: Shopping in Korea as a foreigner — where to find the real deals, avoid scams, and get tax refunds in 2026.
