While prices are listed in local currency foreigners usually pay in foreign currency and shops and restaurants catering to foreigners will convert the Won price into foreign currency using the official exchange rate.
The Euro and US Dollar are the most widely accepted currencies, although Chinese RMB is accepted in some places. The import and export of local currency is prohibited. Import and export of foreign currency is unrestricted, but subject to declaration on arrival. Credit cards and travellers’ cheques are not accepted. Some hotels may insist on full payment in advance when checking in.