I am leaving to Korea in two weeks. Please help me with basic questions How do I pay? Do I bring credit card with high limit? or Cash ( deck of $100 bills? should I worry about security?)? Do I need Korean money to pay tax or buy food?
Please share your experience and give advice generously. I am nervous about the PS trip.
You can pay in cash. But I would check what currency you are quoted in, and it depends what your own home currency is.
Some clinics do not go by the actual exchange rate, but for the sake of closing a sale ASAP, may just use $1 USD = 1,000 KRW.
Say if you are quoted $10,000. You could say to the clinic, "OK, so.... 10 million won?" If they say yes. TAKE IT.
It would be wiser to pay 10,000,000 won because this converts to $8,457 (today's rate). Meaning you can save close to $1,600 by simply switching the currency on the fly, assuming they a use a simple 1:1000 rate.
Now if the clinic follows the actual rate, this won't work.
Paying by cash can also provide discounts. This is because clinics will not report 10% VAT. When you use cards, it automatically reports the transaction to the National Tax office. That's why the government is offering that VAT refund system, it's to stop clinics from under reporting cash income.
If you don't mind paying with a card and passing up on the cash discount, it's the safest. Again if their machine has the option to charge in multiple currencies, pick the most favorable currency.
Please stay in a hotel with a safe. Do not tell anyone you are here for PS if you are staying in a guest house or airbnb.
EXCHANGE
Don't exchange currency at the airport, it's better to do it at banks in Korea. To buy goods in Korea you have to pay in Korean currency or pay by a credit card.