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When Koreans travel....

 
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huck



Joined: 19 Jan 2003

PostPosted: Thu Oct 04, 2007 12:04 am    Post subject: When Koreans travel.... Reply with quote

When Koreans travel, what kind of currency do they take with them? Do they take stacks of 10,000 won bills, or do they exchange it to something else?

I'm going to Thailand soon, and I'm wondering if it'd be better to take the won, exchange it to dollars first in Korea (which I've done before, but with the way the dollar's been lately...), or change it to Euros first in Korea...

Any suggestions and the why's and therefore's would be greatly appreciated...
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ajgeddes



Joined: 28 Apr 2004
Location: Yongsan

PostPosted: Thu Oct 04, 2007 12:17 am    Post subject: Reply with quote

They take bank cards and credit cards like everybody else in the world.
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huck



Joined: 19 Jan 2003

PostPosted: Thu Oct 04, 2007 12:18 am    Post subject: Reply with quote

ahh...international bank cards....i forgot that Korea had those for some people..
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Wangja



Joined: 17 May 2004
Location: Seoul, Yongsan

PostPosted: Thu Oct 04, 2007 1:01 am    Post subject: Reply with quote

Yes, there is some confusion on that, but rest assured that some banks do issue them to foreigners.
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huffdaddy



Joined: 25 Nov 2005

PostPosted: Thu Oct 04, 2007 1:13 am    Post subject: Re: When Koreans travel.... Reply with quote

huck wrote:

I'm going to Thailand soon, and I'm wondering if it'd be better to take the won, exchange it to dollars first in Korea (which I've done before, but with the way the dollar's been lately...), or change it to Euros first in Korea...


If you're only using the USD as an intermediate currency, it doesn't really matter how strong or weak it is. Unless there's a big drop in the 2 or 3 days you're holding it.
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oldfatfarang



Joined: 19 May 2005
Location: On the road to somewhere.

PostPosted: Thu Oct 04, 2007 3:58 am    Post subject: Reply with quote

Definately change won into dollars first (Incheon Intl airport kiosks). When going to Thailand I also get some USD in traveller's cheques. It would be a shame to get robbed and lose all your dosh.
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GoldMember



Joined: 24 Oct 2006

PostPosted: Thu Oct 04, 2007 4:41 am    Post subject: Reply with quote

When Koreans Travel... They takes boxes full of Ramyon.
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Thu Oct 04, 2007 5:12 am    Post subject: Reply with quote

You can get Intl. ATM cards if you are a foreigner. Make sure you double-check that they work in ALL countries. If the bank won't give you one, they are being lazy. Go to another branch, or banking company.

Exchange won to dollars or Euros. Airports will give you less, find a street exchanger for large amounts.


Koreans carry tupperware full of kimchi. I've seen it.
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kat2



Joined: 25 Oct 2005
Location: Busan, South Korea

PostPosted: Thu Oct 04, 2007 3:24 pm    Post subject: Reply with quote

Most banks have US Dollars on hand. I just go to my bank and ask for dollars before I go on any trip. They give you a good rate since you are a customer and you don't have to worry about ti while you are at the airport. You will get ROBBED if you take won to Thailand and try to exchange it there.
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oxfordstu



Joined: 28 Aug 2004
Location: Bangkok

PostPosted: Thu Oct 04, 2007 3:36 pm    Post subject: Reply with quote

^100% agree. I exchanged 2 million won at the airport in BKK and got royally fvcked --- got 56,000 baht. The next month when I got paid I checked the balance with my int'l atm card and it was around 70,000 baht.
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Bibbitybop



Joined: 22 Feb 2006
Location: Seoul

PostPosted: Thu Oct 04, 2007 4:06 pm    Post subject: Reply with quote

kat2 wrote:
Most banks have US Dollars on hand. I just go to my bank and ask for dollars before I go on any trip. They give you a good rate since you are a customer and you don't have to worry about ti while you are at the airport. You will get ROBBED if you take won to Thailand and try to exchange it there.


What? Banks don't care or ask if you have an account, not in my experience. They will trade you the exchange rate AND a fee on top of that. Private money changers on the street are the best deal. There are 2 at Dongdaemun Stadium Station, exit 13, walk away from the stadiums (toward the National Hospital), they are on your left.
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