The unit of Korean currency is the Won(￦).
Coin denominations are ￦10, ￦50, ￦100 and ￦500.
Banknotes are ￦1,000, ￦5,000, ￦10,000 and ￦50,000.
The exchange rate is approximately USD 1 to KRW 1,135 as of August 2018.
Value-Added Tax (VAT) is levied on most goods and services at a standard rate of 10% and is included in the retail price. In tourist hotels, this 10% tax applies to rooms, meals and other services and is included in the bill.