General Information


Hangeul (한글), Korea’s official alphabet, was first invented by King Sejong during the Joseon Dynasty. Originally called Hunminjeongeum (훈민정음), the language was conceived in 1443, and further promulgated by the King in 1446. At the time of its inception, the language consisted of 17 consonants and 11 vowels however, since then, 3 of the originally established consonants and 1 vowel have fallen into disuse bringing the total number of characters to 24. Syllables are formed by the selective combination of vowels and consonants to create words.

Business Hours

Government office hours are usually from 9:00 to 18:00 on weekdays. Banks are open from 9:00 to 16:00 on weekdays. Most stores are open every day from 10:30 to 20:00, including Sundays.

Currency & Exchange

The currency of Korea is the South Korean won, or won for short. The currency sign for the won is ₩. There are currency exchanges at the airports and select locations around Seoul and elsewhere, but the best way to get money all over Korea would be through ATMs. You can find ATMs at airports, subway stations and most convenient stores. You would use them the same way you would at home and there will likely be a transaction fee of about $3-$5. It is generally a good idea for all travelers to bring at least $100 USD on them that they can exchange when they arrive in Korea in case they have issues with their card

Currency Information
Old Bills

10,000 won
(man won)

5,000 won
(ocheon won)

1,000 won
(cheon won)

New Bills

50,000 won
(oman won)

10,000 won
(man won)

5,000 won
(ocheon won)

1,000 won
(cheon won)


500 won
(obaek won)

100 won
(baek won)

50 won
(osip won)

10 won
(sip won)

Tip & Tax

Service charges are included in your bill for rooms, meals, and other services at hotels and upscale restaurants. Koreans occasionally do tip when they are especially pleased with the service they receive. Foreign tourists can receive nearly 10 % VAT refunds for purchases at Duty Free shops. Goods must be taken out of Korea within three months of purchase to be eligible for a tax refund. Visitors can receive a refund on a receipt for a minimum purchase of KRW 50,000 (around USD 43). To receive this refund, present receipts with the purchased goods at the customs clearance desk at Incheon International Airport when departing.

Electricity Info

The standard electricity supply is 220 volts AC/60 cycles. Most hotels may provide outlet converters for 110 and 220 volts. Participants are recommended to check with the hotel beforehand.

Emergency Phone Numbers

  • 1339: Medical Emergency
  • 119: Emergencies for Fire, Rescue & Hospital Services
  • 112: Police
  • 129: First Aid Services

Useful Websites

  • Korea Tourism Organization: Go

  • Visit Jeju: Go

  • Korea Immigration Service: Go

  • Ministry of Foreign Affairs and Trade: Go

  • Incheon International Airport: Go

  • Jeju International Airport: Go

Contact Us

Please fill out the following form to contact the ICMART 2024 secretariat.