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Customs Declaration

Taking out foreign currency

Taking out foreign currency
Category Details
Korean Passengers Passengers carrying cash over USD10,000 to overseas must declare it to Customs Foreign Currency Report Desk.

Immigrants, Visitors,International Students, Travel Agencies

Foreign residents carrying cash earned in Korea
Passengers carrying more than USD10,000 in cash →
Approved certificate (stamp of the bank’s CEO) from the bank is required.
Earnings from trade or stock exchange → authorization is required if deemed necessary
Other Passengers 

Requires approval of Foreign Exchange bank director, president of the Bank of Korea or the Customs director.

  • Approval process may take a couple of days. Passengers are advised to get the necessary approval in advance. Reported amount upon entry can be taken out only once.
Location

Traveling with items of high value (returning with items after departure)

Passengers traveling with high value items are required to report to customs office and get the necessary documents to get the tax waiver when returning.
Passengers traveling with cultural assets or properties are required to get the necessary documents from the cultural property appraisal officer.

Retrieval of high value items (Retrieval after the entry)

  • Passengers re-visiting the Republic of Korea while traveling with high value items are required to present necessary documents and items to the customs officer.
  • Passengers departing without the high value items reported upon entry are required to pay tax or deposit (120/100). In addition, the departure process will be delayed.

Tax Refund Procedures

  • Items purchased at duty free zones (designated by customs director)
  • Confirm item being taken abroad at the customs declaration desk at the departure area (Must present purchased product)
  • Get the refund at the tax refund desk after passing immigrations.
  • Tax amount will be refunded with a receipt indicating that the item was purchased within three months.

Contact information


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