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When you enter into Korea possessing foreign currency exceeding the equivalent of USD 10,000, you shall declare the fact to the customs and acquire a Declaration of Foreign Exchange.
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Exchange your foreign currency at KEB |
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When you exchange foreign currency less than the equivalent of USD 20,000, just visit a KEB branch with your passport without any kind of another document.
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In the case of more than USD 20,000 or equivalent, visit a KEB branch with your passport, ?Declaration of Foreign Exchange and submit Application for Sale/Deposit in Accounts/Withdrawal.
(If you don't have a Declaration of Foreign Exchange, you should visit the Bank of Korea and acquire a Declaration Document of trading of the means of foreign payment.
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After exchange, keep KEB's certificate of foreign exchange purchased or receipt of foreign exchange purchased.(They might come in handy when you exchange Korean won into a foreign currency.)
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