If Korean residents or non-residents carry means of payment (means of international payment, KRW notes, or cashier’s checks) less than USD 10,000 out of Korea, no report is required. In addition, if a non-resident leaves the country with the means of foreign payment within the amount carried at his or her recent arrival, he or she does not need to report it. Also, if he or she receives confirmation from the head of the foreign exchange bank (the possession of certificate of confirmation is required) when he or she withdraws from a credit card issued overseas or withdraws from an overseas account, he or she does not need to report it. In addition, if a resident of Korean nationality transports means of payment (means of international payment, KRW notes, or cashier’s checks) that exceeds USD 10,000 for general overseas travel expenses, he or she can take it with him or her if he or she reports it to the head of the competent Customs office.
or cashier’s checks
|not more than USD 10,000 in total||-||-|
|Over USD 10,000||Overseas relocation expenses for overseas migrants, travel expenses for overseas travelers, overseas students, and overseas residents||Confirmation from the head of the foreign exchange bank (the possession of certificate of confirmation is required)||Not applicable|
|General overseas travel expenses for general overseas travelers||Report to the head of the competent Customs office||Not applicable|
|Means of international payment within the volume carried his or her recent arrival||A separate report for use, regardless of what is brought from abroad. (including foreign residents)||No report required
certificate of declaration is required
|Means of international payment obtained at casino and re-exchanged||Not applicable||(certificate of declaration is required)|
|Other funds, such as payments for goods, securities acquisition, real estate purchases, overseas deposits, etc.||Report not through foreign exchange banks or report capital transactions (separate from customs declaration||Report required|
If you bring in means of payment not exceeding USD 10,000 to Korea, you do not need any permission or declaration. In addition, there is no need to report or authorize the importation of promissory notes, letters of credit, or bills of exchange. However, if you enter the country with foreign currency, KRW notes, or checks above USD 10,000 or the equivalent in total, you must report it to the Customs. The same goes for cashier's checks in Korean won.