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Useful Information

Location & Time

Korea sits in the North-eastern part of the Asian continent. It is located between 33 degrees and 43 degrees in the North Latitude and 124 degrees and 132 degrees in the East Longitude. China, Russia and Japan are adjacent to Korea, yet the Korean peninsula since the 1950s has been divided into two, having the Republic of Korea in the South and the Democratic People’s Republic of Korea (DPRK) in the North positioned accordingly.

Climate

Korea enjoys four distinctive seasons of spring, summer, fall, and winter. Summers in the Republic of Korea are generally hot and humid with average temperatures of 25.7 Celsius degrees and/or 78.26 Fahrenheit in mid August. Busan is the most popular summer holiday destination with endless beaches, rivers, mountains, and hot springs.

Currency

Currency in the Republic of Korea is South Korean Won (KRW) and there are four bill denominations of 1,000, 5,000, 10,000, and 50,000 bills. Apart from the respective denominations, notes are easily discernible by distinct colors and different portraits of historical figures on each note. As of June 14, 2018, 1 US Dollar is equivalent to 1,080 Korean Won (KRW). Foreign currencies are conveniently exchangeable at airports, major hotels, bank branches, and foreign exchange booths.

Fast Facts about Korea

Time Zone: GMT+9

Four distinct seasons of spring, summer, fall, and winter

Currency: South Korean Won (KRW)
1 USD=1,080 KRW / 1 EUR = 1,278 KRW as of June 14, 2018

Population: 51.8 millions

Official Language: Hangul (Korean language)

GDP per capita USD29,115 / 20th in Big Mac Index as of 2018

World’s No.11th and Asia’s 4th largest economy

16 UNESCO World Heritage Sites and 16 UNESCO Intangible Cultural Heritages of Humanity

Korea Tourism Organization : http://english.visitkorea.or.kr

People

Republic of Korea is home to over 50 million nationals and foreign residents. To this day, the Republic of Korea remains one of the world’s most ethnically homogenous countries and Korean is the official language. Koreans are characterized as overtly friendly, courteous, affectionate, and diligent. English, Chinese, and Japanese are commonly used in signs and foreigners may communicate with Koreans in English without any hassle in urban areas.

Business Hours

Government office hours are from 09:00 to 18:00 from Monday to Friday. Shops, restaurants, and shopping malls are generally open from 09:00 till 22:00. Banks are open from 09:00 to 16:00 on weekdays only.

Credit Card

Major credit cards including Visa, American Express, Diners Club, Master Card, and JCB are broadly accepted in most shops, hotels, department stores, and restaurants. Credit card surcharges for uses in overseas may be incurred.

Tipping & Tax

Tipping is not a customary practice in Korea. Generally, 10% Value Added Tax (VAT) is levied in the total payable. Some upscale restaurants and hotel facilities may charge another 10% Service Charges. Foreigners may take a benefit of reclaiming VATs at the airport for purchases made at shops but purchased goods must be taken out of the country within three months from the purchase date to be eligible for a tax refund. Visitors can receive a refund on a receipt for a minimum purchase of KRW 30,000.

Electricity & Power Plug

The standard voltage in Korea is 220 volts. The outlet has two round holes and is the same type used in France, Germany, Austria, Greece, Turkey, and many other countries. Always check the power supply before using your equipment.
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