What is the cost of living in Korea?
Top of Page The cost of living in Korea is generally relative to the income you are earning. It is certainly a lot less than if you were living in Japan! General costs such as transport are low. The big costs for Koreans are housing and education. The cost of living varies from larger cities to smaller cities (Seoul links, city/province links). Your monthly expenses will largely depend on your discretion and how you choose to spend your money. Korean food is a lot cheaper than eating at the Western restaurants such as ‘Tony Romas’, ‘T.G.I.F.’, ‘The Outback’ or ‘Skylarks’. There are plenty of McDonalds, Burger King, KFC and pizza outlets all around Korea. Can I exchange my Korean won to US dollars? Top of Page Yes. You can exchange to US dollars if you wish. But during your stay in Korea there will be no need for you to convert Korean Won to US dollars or any other foreign currency. All vendors prefer Korean Won. If you are intending to travel for a short holiday however, it is a good i