Yes, cash is needed in Seoul. While credit cards are accepted at major hotels, department stores, and some restaurants, they cannot be relied upon everywhere.
Here's a breakdown to help you prepare for your trip:
-
Credit Card Acceptance:
- Major establishments readily accept credit cards.
- Smaller shops, street vendors, and traditional markets may prefer or only accept cash.
-
Cash is King (Sometimes):
- It's wise to carry cash, more than you would at home. This ensures you can make purchases in situations where cards aren't accepted.
-
Security:
- While crime is relatively low, remaining vigilant is always recommended.
- Having a mix of payment options (cash and card) is a good strategy.
-
ATMs:
- ATMs are readily available, but be sure to check if your card will work and what the associated fees are.
| Payment Method | Acceptance Level in Seoul | Notes |
|---|---|---|
| Credit Card | High (Major Establishments) | Not always accepted in smaller businesses |
| Cash | Universal | Essential for smaller transactions |
