It’s always very important for me to plan the budget before travel. Budgeting for a trip could be stressful but I believe it saves so much time and energy from being wasted on the road. Therefore, I would like to give you an overview of how much you will need in Korea.
The currency of Korea is Korean won (KRW).
As of 8 November 2016:
1 USD = about 1,136 KRW
1 EUR = about 1,255 KRW
1 JPY = about 11 KRW
1 CNY = about 168 KRW
I made this list of expenses by categories based on data from numbeo.com, Lonely Planet, and my own experiences. All figures are based on KRW.
Accommodation
| Budget | Mid-range | Top End |
| 20,000 | 70,000 | 200,000 |
Food
| Budget | Mid-range | Top End | |
| Street Food | 1,000–5,000 | ||
| Meal, Restaurant | 6,000 | 20,000 | 70,000 |
| Coffee | 2,000 | 4,600 | 8,000 |
| Beer | 3,000 | 5,000 | 8,000 |
| Water (0.33 liter ) | 800-1,000 |
Transportation
| Price | |
| One-way Bus/Subway Ticket | 1,400 |
| Taxi Start (~ 2 km) | 3,000 |
| Taxi (2 km ~) | 142m/₩100 |
Others
| Price | |
| DMZ tour | 100,000 |
| Cinema | 10,000 |
| 1 Pack of Cigarettes | 4,500 |
Most shops, restaurants, supermarkets and taxies accept major credit cards and ATMs are around every corner in Seoul. So, I recommend you to have your credit card with you in case. 🙂
