Where can I exchange Korean won in South Korea?

We know that when we travel to South Korea, we must exchange foreign currency. We can do so at some domestic banks, but where should we go to exchange foreign currency in South Korea? Today, in order to prevent you from finding a place to change money when you come to Korea, today, the editor will give you a good introduction! Private exchange houses

South Korea’s private exchange houses are open black markets (legal in South Korea). Local leaders, expatriates, and foreigners who have lived for a long time will almost never take foreign currency to the bank to exchange for Korean won, but will go to these so-called "black markets" to exchange it.

Exchange in front of Myeongdong Embassy

Address: 105, Myeongdong 2-gil, Jung-gu, Seoul

Business hours: 8:30-21:00< /p>

Myeongdong FXKOREA Money Exchange

Address: 32, Myeongdong 1-gil, Jung-gu, Seoul

Business hours: 09:30-19:00 (10 on weekends :00 open)

Closed: Open all year round

World Financial Money Exchange

Address: 24-24, Chungmu-ro 1-gil, Jung-gu, Seoul 28

Business hours: 09:00~19:30 Closed: Open all year round

Itaewon TheMore Exchange Office

Address: Seoul Special City 119-4, Itaewon-dong, Yongsan District

Business hours: 9:00-20:00 (open from 10:30 on weekends and statutory holidays)

Closed days: Spring Festival and Mid-Autumn Festival On the day of the festival

Itaewon GOLD Money Exchange

Address: 131-37 Itaewon-dong, Yongsan District, Seoul

Business hours: 09:00- 19:30

Closed days: Sundays, Spring Festival, and Chuseok

First Money Exchange

Address: Daerim-dong, Yeongdeungpo-gu, Seoul< /p>

Mizuki Money Exchange

Address: Dalim-dong, Yeongdeungpo-gu, Seoul

Love Money Exchange

Address: Yeongdeungpo-gu, Seoul Dalim-dong, Deungpo-gu

Lucky Money Exchange

Address: Dalim-dong, Yeongdeungpo-gu, Seoul

New World Money Exchange

Address: Dalim-dong, Yeongdeungpo-gu, Seoul

Money Exchange on the 1st floor of Doota

Address: 1F, 18-12 Euljiro 6-gil, Jung-gu, Seoul

Business hours: 10:30~02:00 the next day

Closed days: Sunday 23:00~Monday 19:00, Spring Festival and Mid-Autumn Festival consecutive holidays (3 days, date Different every year) (same as Doota)

Miu Money Exchange

Address: 281-17, Namchang-dong, Jung-gu, Seoul

Business hours: 08:00~19:00 (until 18:00 on Saturday)

Closed days: Sunday, Spring Festival (3 days), Mid-Autumn Festival (3 days)

Reminder:

1. There is no risk of getting counterfeit banknotes at private money exchange offices. (South Korea has no problem with counterfeit banknotes so far, so you can rest assured);

2. To get the best exchange rate, please bring "US dollars" to exchange for "Korean won";

3 , traveler's checks, private money exchange offices do not accept them;

4. Private money exchange offices are open from about 10:00 am to 7:00 pm (a few are open until 8:00 pm);

< p>5. Some places are not open on weekends, but the money exchange in Itaewon is also open on weekends;

6. Private money exchanges will have signboards in Chinese, English, Korean, "Liangdai", "MoneyExchange", "Foreign Currency Exchange", "Exchange Money" and "?" are clearly written in four languages ??in Japanese;

7. A few money exchanges accept other foreign currencies to be exchanged for Korean Won, but the exchange rates and prices are not the same. It will be better than holding U.S. dollars to exchange! In private money exchanges, 100 U.S. dollar bills have the best exchange rate. U.S. dollar bills with values ????of 50, 20, 10, 5, and 1 have a difference of about 2-5 per dollar compared to 100 yuan bills. Exchange rate of Korean Won.

If you go to a local bank in South Korea, the exchange rate is the same for large bills or small bills. Recognized exchange shops

Recognized exchange shops are mainly located in Myeongdong, Dongdaemun, Itaewon and other tourist attractions where tourists are concentrated. But compared with other places that provide exchange services, they are not as convenient and easy to find as banks.

In addition, there are not many recognized exchange shops in other cities. General signboards with foreign currency exchange signs such as US dollars and Japanese yen are one of the basis for recognized exchange shops.

City banks

Use bank logos in Korean or English. Compared with other exchange offices, the exchange rate is good and safe, and there are banks everywhere in the city that are very easy to find. However, you need to queue up and may have to wait for a long time.

In addition, it is open until the afternoon and is closed on weekends and holidays. Therefore, it is inconvenient for tourists. Foreign currency cannot be exchanged at the bank during the business hours.

Airport

The foreign currency exchange office in the airport where countless tourists come and go has "Foreign Exchange" prominently written in Chinese or English, making it clear at a glance. There are numerous exchange offices in both the arrivals and departure halls, with exchange rates clearly marked.

Considering situations such as flight delays, some foreign currency exchange offices can provide foreign currency exchange services 24 hours a day like a store. However, the handling fees of foreign currency exchange offices that are open 24 hours a day, 365 days a year are slightly higher than those of banks in the city, so the amount exchanged will be relatively smaller.

Department stores

Except on holidays, department stores can provide foreign currency exchange services during business hours. Department stores open late and are located in bustling downtown areas, making them relatively convenient. But generally speaking, the exchange rates are less than ideal.

Shopping Mall

There are also foreign currency exchange offices in large shopping malls similar to Dongdaemun DOOTA. It's also open until 2 a.m. on weekdays, so it's also convenient for evening shopping. However, due to its convenience and large number of customers, especially on weekends, the exchange rate is not ideal.

Hotel

Although the hotel's currency exchange office is open 24 hours a day, all year round, and most hotels provide foreign currency exchange services, the exchange rate is not ideal. Compared with ordinary exchange offices, sometimes there is a difference of tens of thousands of won.

Reminder:

Generally speaking, a passport is required for foreign currency exchange. No relevant materials are required for less than 10,000 US dollars (as shown in the picture on the lower right). The currency to be exchanged will be entered into the window and exchanged according to the real-time exchange rate.

If you are going to South Korea and have not exchanged money at home, or are afraid that you will not have enough money after arriving in South Korea, then remember these places to exchange money!