Introduction

South Korea is one of the most cashless countries in the world. Credit cards, debit cards, and mobile payments are accepted almost everywhere. However, there are still a few situations where carrying some cash can make your trip much easier.

Here’s everything you need to know before traveling to Korea.

Is Korea a Cashless Country?

Yes.

Most businesses in South Korea accept credit cards, including international cards like Visa, Mastercard, and American Express. Mobile payment services are also widely used by locals.

In most cases, you can travel around Korea without carrying much cash.

When Do You Need Cash in Korea?

Although cards are accepted almost everywhere, cash is still useful in certain situations.

Traditional Markets

Some vendors at traditional markets prefer cash, especially for small purchases such as fruits, snacks, or handmade goods.

Popular examples include:

Jagalchi Market (Busan)
Gukje Market (Busan)
Namdaemun Market (Seoul)

Many stalls accept cards, but carrying some cash is recommended.

Street Food Vendors

Some street food vendors accept credit cards, while others only accept cash.

If you plan to enjoy Korean street food, having around ₩10,000 to ₩30,000 in cash is a good idea.

Rural Areas

If you’re visiting small towns or rural villages, a few local restaurants or shops may prefer cash.

This is becoming less common, but it still happens occasionally.

Transportation

Subways, buses, and taxis generally accept transportation cards or credit cards.

However, if you need to purchase a transportation card at certain stations or recharge it with cash, having cash can be helpful.

Small Local Businesses

Small family-owned restaurants, local bakeries, or neighborhood shops sometimes prefer cash for very small purchases.

How Much Cash Should You Carry?

Most travelers only need about:

₩30,000–₩50,000

This is usually enough for:

Street food
Small purchases
Traditional markets
Emergency situations

For everything else, a credit card is usually sufficient.

Can You Withdraw Cash?

Yes.

ATMs are widely available throughout Korea.

You can find international ATMs at:

Airports
Banks
Convenience stores
Subway stations
Shopping malls

Many ATMs support English and accept international cards.

Should You Exchange Money Before Arriving?

Not necessarily.

Many travelers exchange a small amount before their trip and withdraw additional cash from ATMs if needed.

Airport exchange counters are convenient but often offer less favorable exchange rates than banks or exchange offices in the city.

Local Tip

As a local living in Busan, I rarely use cash in daily life.

I usually pay with a credit card or mobile payment, even for a cup of coffee.

However, I still carry a small amount of cash whenever I visit traditional markets or local festivals.

Final Tips

Credit cards are accepted almost everywhere.
Carry ₩30,000–₩50,000won a week for emergencies.
Cash is useful at traditional markets and some street food stalls.
International ATMs are easy to find.
You don’t need to carry large amounts of cash during your trip.

Frequently Asked Questions

Can I travel in Korea without cash?

Yes. Most travelers can comfortably travel using only a credit card, though carrying a small amount of cash is recommended.

Do taxis accept credit cards?

Yes. Most taxis in Korea accept major credit cards.

Can I use my Visa or Mastercard in Korea?

Yes. Visa and Mastercard are widely accepted throughout Korea.

Do You Need Cash in Korea? Everything Travelers Should Know