The Korean currency is the won (₩ or KRW), with $1.00 being equivalent to about ₩1,138.23. There are ₩1, ₩5, ₩10, ₩50, ₩100, ₩500 coins and ₩1,000, ₩5,000, ₩10,000, ₩50,000 bills. ₩1 and ₩5 coins are rare, and almost all prices are rounded to the nearest ₩10.
The won fluctuates as with most currencies, so it is always a good idea to check the current rate from time to time. As of this publication 1.0 US dollar = 1,150 korean won. For current exchange rate information, visit www.oanda.com.
Cost of Living
While the cost of living in Seoul can be much lower than the U.S. please keep in mind that there are places to dine and shop that are comparable to those costs of living in the U.S.
Additional Estimated Expenses
The ISA program cost includes items such as tuition and fees, housing, insurance, and more. To view what is included in your program price, please visit the "What's Included" section of the ISA Seoul program page.
The "Additional Estimated Expenses" sheet in the "Accepted Students" section of the ISA website has the following estimated expenses listed:
It is recommended that students look into purchasing an ISIC card for their studies in Seoul. The ISIC card is an internationally recognized student ID card that gives students thousands of discounts worldwide from travel to cinema, meals and more. While you will likely have a student ID from your host university abroad, it may not grant you discounts that an ISIC card could. You will likely be able to purchase an ISIC card abroad, but it is most convenient to purchase this card BEFORE you arrive, as it may grant you travel discounts, and you won't have to deal with the hassle of international delivery. To find out how to get an ISIC card, visit www.isic.org. Once there, you can find information on discounts in Paris, and what is needed to obtain an ISIC card.