EUS Summit 2023

Currency & Banking

The unit of currency is Korean Won (KRW), expressed as ￦. Coin denominations are ￦10, ￦50, ￦100 and ￦500. Bank notes are ￦1,000, ￦5,000, ￦10,000 and ￦50,000. As of April 2022, the exchange rate is approximately ￦1,300 for $1 (USD).

Currency exchange: Foreign banknotes can be exchanged at most banks and other authorized moneychangers.
Traveler's checks: Traveler's checks can also be exchanged at most banks, but may be difficult to change in smaller towns. To avoid additional exchange rate charges, we advise you to take traveler’s checks in US dollar.
Banking hours: 09:00 ~ 16:00, Monday to Friday

Credit Card

Visa, and MasterCard are accepted at almost all retail outlets, but Diners Club and American Express may only be accepted at major hotels, shops and restaurants in the larger cities. Check with your credit card company for details on merchant acceptance and other available services.

Electricity

Outlets for 220 Volts/60Hz are mostly used in Korea. In order to convert the power into 110 volts please contact the hotel housekeeping and current transformer will be available.

General Business Hours

Government offices	9am to 6pm (Mon to Fri), Closed on weekends
Banks	9am to 4pm (Mon to Fri), Closed on weekends
Department Stores	10:30am to 8pm (Everyday)
Restaurants & Retail Stores	Generally open 11am to around 9pm (in some cases, open until 2 to 3am)

Time Difference

Korea is 9 hours ahead of Greenwich Mean Time (GMT +9) and does not observe daylight savings time.
http://www.timeanddate.com/worldclock/south-korea/seoul

Emergency Dial Number

112 : Police
119 : Fire & Ambulance
1339 : Medical Emergency
※These services are available 24 hours.

Tip & Tax

Tip: Tipping is not regularly practiced in Korea. Service charges are often included in the bill for rooms, meals, and other services at hotels and upscale restaurants. Koreans occasionally do tip when they are especially pleased with the services provided.
Tax: Upon request, visitors can receive VAT refunds of about 10 percent for purchases at "Duty Free Shopping" outlets. Goods must be taken out of Korea within three months of purchase to be eligible for a tax refund. Only foreign tourists in Korea can apply for this tax refund. Visitors can receive refund on receipts with a minimum purchase amount of KR￦ 50,000 (around US$ 50). To receive this refundable, present refund receipts together with the purchased goods at the customs desk at the airport on your day of departure. These receipts can be cashed in at the Cash Refund Office in front of the Airport Duty Free Shop.

Useful Website

Incheon International Airport: https://www.airport.kr/ap/en/index.do
Gimpo International Airport: http://www.airport.co.kr/gimpoeng/index.do
About Seoul: http://english.seoul.go.kr
About Korea: http://english.visitkorea.or.kr/enu/index.kto
Ministry of Foreign Affairs and Trades: http://www.mofat.go.kr

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