South Korea: KRW, VAT & payment methods

Money

Currency and formatting

Watch out: KRW has no minor unit. Treating it like a two-decimal currency overcharges by 100×.

Tax

tax · KR

10.00% standard VAT Prices tax-inclusive

Payments

Roughly ordered by real-world use — not by what a card processor would prefer you offer.

Card schemes that work domestically: visa, mastercard, bc card. 3-D Secure is not standard; strong customer authentication is legally mandated.

Locale

Phone

FAQs

What currency does South Korea use?

South Korea uses the South Korean Won (KRW), symbol ₩. It has no minor unit — amounts are whole numbers, so ₩123,457 is a complete price.

How many decimal places does KRW have?

KRW has 0 decimal places. Charging with the wrong number of minor units is a 100× error, so this is worth getting right.

What is the VAT rate in South Korea?

The standard VAT rate in South Korea is 10.00%. Prices are displayed tax-inclusive.

What payment methods are used in South Korea?

The methods that matter in South Korea, in rough order of use: card, naver pay, kakao pay, toss pay, samsung pay.

What is the dialling code for South Korea?

South Korea's country calling code is +82. Mobile numbers are formatted +82 10 XXXX XXXX (10 digits after the country code).

API_

Everything on this page is one call away — plus live FX, fraud signals and the visitor's own detected country.

south-korea.sh

curl "https://api.localesense.com/v1/countries/KR" \
    -H "Authorization: Bearer ls_live_..."