Recent investigation of acoustic correlates of Korean stop manner contrasts has reported a diachronic transition in Korean stops: young Seoul speakers are relatively more dependent on the F0 characteristics of the stops than on the VOT characteristics in aspirated and lenis stop distinction. This finding has been examined against tonal dialects of Korean and the results suggested that the speakers of tonal dialects are not sharing the transition. These results also suggested that F0 function for segmental stop classification interferes with the function for lexical tone classification in their tonal speech. The current study investigated these findings in terms of perception. Perceptual behavior of Seoul and Busan speakers of Korean was examined in a comparative manner through the measurement of perceptual cue weight of F0 and VOT in particular. The results from regression and correlation analyses revealed that Busan speakers are closer to older Seoul speakers than to younger Seoul speakers in that the cue weight for VOT and F0 were comparable in the aspirated-lenis stop distinction. This result was in contrast to the perceptual behavior of younger Seoul speakers who showed clear dominance of F0 over VOT for the same distinction. These findings provided perceptual evidence of the dual function of F0 for segmental and lexical distinctions in tonal dialects of Korean.