KRW to GBP: Buy South Korean Won (KRW)

Currency in South Korea – The South Korean Won (KRW)

Planning a trip to South Korea and wondering about the KRW currency or whether to take cash before you go? The official currency of South Korea is the South Korean won (KRW). It’s commonly represented by the symbol ₩, though you’ll also see KRW used internationally.

Whether you're checking the KRW to GBP rate or looking to buy won ahead of your trip, understanding how the currency works will help you budget effectively and avoid unnecessary costs.

What Currency Should You Take to South Korea?

If you're travelling from the UK, you'll likely be comparing British pounds to South Korean won, checking the GBP to KRW exchange rate, or using a pounds-to-KRW converter before you travel. Planning ahead can help you get a better deal and avoid costly exchange rates abroad.

Cash vs Card in South Korea

Card payments are widely accepted across South Korea, especially in cities like Seoul and Busan. However, carrying cash is still a smart option and can often save money. Cash may be beneficial for:

• Avoiding foreign transaction fees charged by UK banks
• Paying in smaller restaurants, markets, street food stalls, and local shops
• Tipping in certain situations or paying for transport and small purchases
• Covering everyday expenses quickly and easily

While contactless and mobile payments are very common, relying entirely on cards can still lead to additional fees. Having KRW in cash helps you stay in control of your spending.

ATM Fees in South Korea

ATMs are widely available, but withdrawing cash with a UK card can be expensive. You may face both local ATM fees and charges from your bank. Exchange rates offered at ATMs are often less favourable too. Bringing won with you is usually better value than withdrawing money abroad.

Tipping in South Korea

Tipping is not generally expected in South Korea, as good service is typically included. However, small tips may occasionally be given in tourist settings or for exceptional service. Having smaller KRW notes can be useful for convenience.

KRW to GBP Exchange Rate

Keeping an eye on the KRW to GBP rate helps you understand how much your money is worth. Whether you're tracking GBP to KRW, comparing rates, or checking how much £1 converts to in won, it’s important to remember that exchange rates fluctuate daily.

GBP to KRW: Quick Conversions

Use our live currency converter for the latest rates. Some useful conversions could include:

• £1 in KRW: changes daily, good to keep an eye on
• £50 to KRW: useful for everyday spending
• £100 to KRW: a common amount for travellers
• £500 to KRW: helpful for budgeting hotels, shopping, or excursions

For the most accurate conversions, use an up-to-date currency calculator before you exchange. Before travelling, take a look at our KRW currency cheat sheet for quick reference.

Why Buy KRW from Tavex?

When you're ready to buy South Korean won, Tavex offers a reliable and competitive travel money and currency exchange service. With a wide range of currencies available, you can easily prepare for your trip. Benefits include:

• Competitive GBP to KRW exchange rates with no commission
• Rate guarantee when you order online
• Click & collect from the Hatton Garden shop in London
• Fast and secure home delivery across the UK
• Walk-in service for last-minute travel needs

This helps ensure better value when converting British pounds to South Korean won.

About the South Korean Won

The South Korean won is not subdivided into smaller units in everyday use, as jeon are no longer commonly used. Banknotes feature important historical figures and cultural landmarks, reflecting Korea’s rich heritage.

Banknotes and Coins:

Banknotes: ₩1,000, ₩5,000, ₩10,000, ₩50,000

Coins: ₩1, ₩5, ₩10, ₩50, ₩100, ₩500

Whether you're exploring the vibrant streets of Seoul, visiting historic palaces, or enjoying South Korea’s food and culture, having your KRW currency ready in advance will make your trip smoother and more cost-effective.