• The information on the website is for reference only. Please verify with the relevant airline/agency/facility for accurate information.

Outbound Foreign Currency Transfer

Outbound Foreign Currency Transfer

Category	Approval Requirements
Non-residents	Requires approval from the head of a foreign exchange bank, the Governor of the Bank of Korea, or a customs officer (approval must be obtained before departure). Foreign currency declared during the most recent entry can be carried out up to the amount brought in during the first departure.
Immigrants, long-term residents, international students, travel agents, and foreign residents are allowed to carry income earned in Korea	When carrying more than $ 10,000 for travel expenses Confirmation required from the designated foreign exchange bank manager	When paying for goods transactions or capital transactions Requires declaration or approval as specified by each transaction
Resident citizens	Declare at the customs foreign exchange desk if carrying travel expenses exceeding $ 10,000.

Carrying Out Valuable and High-value Items

Carrying Out Valuable and High-value Items

Carrying in again after departure

Carrying out again after arrival

Valuables or high-value items that you plan to use during your trip and bring back must be declared to customs before departure, and you must obtain a “Declaration (Confirmation) Form of Carried-out Personal Effects” to receive duty-free status upon re-entry. To carry out cultural heritage, you must obtain a “Approval for Export” from the Cultural Heritage Appraisal Office.

If you are temporarily entering the country with high-value items that you plan to carry out again, you must present the “Confirmation on Temporary Imports Subject to Re-exportation” issued by customs and the imported items to customs upon entry. If you do not take the declared items with you when you leave, your departure may be delayed, and you must carry them with you. If you lose the items or fail to take them with you, you must either pay the applicable taxes or deposit a security equivalent to 120% of the tax amount to depart.

Inquiries

• Contact: Korea Customs Service (1577-8577)

Korea Customs Service