>Introduction to Pyeongchang > Bank & Currency
Korean currency is Won. There are bills in increments of ₩1,000, ₩5,000, ₩10,000, and ₩50,000. Coins are arranged in increments of ₩10, ₩50, ₩100, ₩500. The ISO 4217 code is KRW, and the sign is ₩.
In general, there are no tips in Korea. Service charges are included in the check. However, when asking for a service other than basic services at upper-class restaurants and hotels, some tip may be required.
Foreign tourists can obtain rebate of 10% on (VAT) they paid at Duty Free Shops within Korea.
VAT rebate is limited to foreign tourists only