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Friday, December 28, 2012

Shopping (for the 'won')

After going to Dongdaemun Market on Election Day (12/19), we went back last Friday (12/21).

I bought a hoodie (~$28) and a wallet (~$9).


There's pockets behind the whiskers, and the hood has little ears on it. It also says "Bonjour Cat,"
which is probably the knock-off version of "Hello Kitty."




It's blue with darker blue bumps on it. It's thin enough that my bus card can be read while still in the wallet.
And best of all, my money can lay flat, and there are two pockets to separate the bigger bills (10000 and
5000 won) from the smaller ones (1000 won). There's also a zipped pocket on the outside for change.


Speaking of... a quick explanation of Korean money -- ₩ aka won, said similar to the "won" in "wonton" rather than like "we won the game". It comes in 50000, 10000, 5000, 1000, 500, 100, 50, and 10 denominations. The first 4 are bills, the last 4 are coins.



It's interesting that the bills are different sizes (as seen in the last picture).


It's about 1050-1100 won per US dollar. I usually just divide prices by 1000 to get a rough dollar amount, but on this blog, I've been dividing by ~1100. As mentioned before, there's a 10% tax on everything, but it's included in the sticker/list price, so you don't have weird prices on most things. I rarely see anything that isn't a multiple of 100 (so no need for 50 or 10 won coins). Korea also has a "check" system... where, when you get money from a bank or ATM, you can get a printed slip of paper like a money order that's basically a high-value bill. Until 3 or 4 years ago, this was the only way to get a "bill" greater than 10000 won. Then they released the 50000 won bill. Still, whenever I get money from the ATM, it asks if I want it in 50000 won checks, 50000 won bills, or 10000 won bills. (Though you can also print amounts >50000. I've seen 100,000 and 1,000,000... though not in my wallet, heh.)

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