What is the limit of cash I can carry when entering Korea from abroad?

<Question> How much cash can a foreigner bring into Korea from abroad?

<Answer> The limit of cash that foreigners or Koreans can bring to Korea from abroad is $10,000 per person. Up to $20,000 can be granted if two people enter the country with their mother.

Cash over $10,000 must be declared. There is no penalty declaring it, such as, paying taxes or being subject to investigation.

What are the penalties for not declaring?

If you have more than $10,000 in cash and enter the country without a declaration, you may be subject to a fine or confiscated for violating the Foreign Exchange Transactions Act.

Up to $30,000 is subject to a fine for negligence, and if it exceeds $30,000, it is subject to criminal punishment.

How do I declare the excess amount?

When entering the country, you need to fill out a traveler's carry-on declaration form. Just mark ‘yes’ in the foreign currency declaration and enter the amount. After arriving at the airport, when you find your luggage and push the cart, you will see the place where you submit a declaration form.

After submitting the declaration form there, you must receive a ‘certificate of foreign exchange declaration’.

The certificate of foreign exchange declaration will be used as a confirmation when using a bank, so be sure to bring it with you.

After leaving the arrival hall, a certificate of foreign exchange declaration cannot be issued, so you must obtain it there.

Incheon Airport T1 Airport carry-on 1 Division 032-722-4422

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