Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in South Korea.
Yes, PayPal is accepted in South Korea.
Wondering what the most popular ways to pay are in South Korea? Explore the top payment options and choose wisely.
South Korea, with a population of around 51.68 million people, has a GDP of approximately 1.79 trillion making it the 13rd largest economy in the world. The official currency of South Korea is the South Korean Won (KRW)
A highly developed economy driven by export-oriented manufacturing of electronics, automobiles, and semiconductors. It has numerous free trade agreements, with its most important economic partners being China, the United States, and the European Union.
The most popular payment method in South Korea is the credit card, with the country having one of the highest ownership and usage rates in the world for both online and offline purchases. Mobile payment services like Samsung Pay, Naver Pay, and Kakao Pay are also extremely popular and used for seamless online and offline transactions. For paying utility bills and for some e-commerce checkouts, direct bank transfers (known as "Giro") are a common method.
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.