Exchange for Overseas Travelers (including the holding thereof)
| Category |
Limit |
Key information |
| Citizen resident |
No limit for the amounts |
If the exchange amount exceeds USD 10,000, it must be reported to the Customs Service, and will be notified to the National Tax Service. |
| Foreigner resident |
Less than USD 10,000 |
- USD 10,000 or less amount can be exchanged, if no actual demand evidence is presented. The sale record should be marked on the passport..
- Required documents :
- Passport of foreigner registration card
- Evidential documents to confirm the payment amount (if necessary)
- Certificate of completion of report regarding selling of the means of foreign payment (if USD 10,000 is exceeded)
|
| Non-resident |
Less than USD 10,000
(without evidential documents) |
- USD 10,000 or less amount can be exchanged, if no previous exchange record exist, and the sale record should be marked on the passport.
- Exchange is allowed within the amount that has converted foreign currency to KRW within the length of stay since the recent arrival date.
- If there is a foreign currency sale record exist within the length of stay, exchange is allowed within the sale amount by presenting the certificate of foreign currency purchase.
- Required documents :
- Passport
- certificate of foreign currency purchase (if necessary)
|
| Expenses for the travel in North Korea |
Less than USD 1,000 |
- The expenses for the travel in North Korea cannot be paid by the credit card or debit card.
- Required document: Receipt of paying the expenses for the travel in North Korea
|
Information on the exchange for the possession purpose
| Category |
Limit |
Key information |
| Resident (including corporate) |
No limit for the amounts |
- If the exchange amount exceeds USD 10,000 per transaction, it will be notified to the National Tax Service.
- Required documents: Real name certificate (resident registration card, passport, business registration)
|
- Corporate can also change money for the possession purpose.
- However, the foreigner resident cannot change money for the possession purpose.
- For the general expenses for the travel abroad, the traveler can carry foreign currency cash or traveler's check.
-
If the actual demand evidential document (e.g., payment for medical treatment in a foreign country) is available, exchange or remittance is allowed, if the certificate of expense payment is provided.
-
Actual demand evidential document to pay for treatment expenses
- A letter of recommendation written by the director of a hospital (amount indication)
- Medical certificate (amount indication) issued by foreign medical institute
- Documents that prove treatment expenses
- The telegram that can verify the occurrence of treatment expenses, which is confirmed by the head of the foreign medical institute, or administrative agency; or the head of Korean diplomatic offices.
