exchange

Seoul (South Korea) - Currency Exchange Guide - Helpful Info | Seoul Travel Guide Episode# 12

Hipfig Travel Channel offers DIY travel video guides for more than 25 cities in

Asia,US, and Canada. If you like this video then subscribe, give us a thumbs up,

or comment Welcome to Hipfig Travel Guide series

on Seoul, South Korea. In this video we'll be sharing our experiences with currency

exchange in Seoul, South Korea especially in Myeongdong, Itaewon, and Dongdaemun

areas. We'll show you where you can go to change money, how to get there, and travel

tips for exchanging money in Seoul, South Korea. The official currency of Korea is

the South Korean Won. Paper money comes in denominations of a thousand, five

thousand, ten thousand, and fifty thousand won. Coins come in 10, 50, 100, and 500

won. In Seoul you can change currency at airports

banks, and tourist areas. At incheon and Gimpo Airport a convenient place to

exchange money is at the arrival or departure hall. In the city of Seoul

currency exchange counters are available in shopping areas like Namdong, Itaewon

and Dongdaemun. If you're in the Myeongdong shopping area, consider

exchanging money here. To get to the Myeongdong shopping district take the

Seoul Metro subway to Myeongdong station and take exit 6 or 7. The first

money changer was at the entrance of the main shopping street near exit 6. There's

a shoe repair kiosk which also offered currency exchange. The private currency

exchange counters are weaved along the side streets from the main shopping

street that leads to the Metro subway station. Walking around the Myeongdong

shopping area, we took a ride at the Zara store from the main walkway into

the smaller street and next to the boy store was Choonyang currency exchange. A

bit further down on the same street we saw another currency exchange counter

There are also many currency exchange counters located along Myeongdong 2 gil

street close to the chinese embassy. Look for the korea tourist police

station which is a landmark near the embassy

a very popular money changer is across the street from the big red gate of the

Chinese embassy. Keep walking anywhere Myeongdong shopping district and you're

bound to run into a currency exchange counter. You can identify private

currency exchange counters by the big red and yellow signs with the dollar and

yen symbol. Around the Olive young store and the Sky Park Hotel there are also

many private currency exchange counters on the side streets. There was even a

7-eleven which offered currency exchange

Bring your passport when exchanging money in case it's required, sometimes

they asked us and sometimes they didn't

When we went to currency exchange counters in Myeongdong we found the most

competitive rates probably because there are so many located here. There are also

banks like Woori, Keb, and Shinhan which are good and reliable places to exchange

money. They have branches in Myeongdong along the main shopping street. The only

downside is that banks closed at 4:00 p.m. and are not open on weekends. These

banks specialize in currency exchange so they generally offer good rates. The

exception to that is Shinhan Bank which is open from 10 a.m. to 4 p.m. on Sunday

and Saturday for currency exchange only

Myeongdong is highly recommended for shopping and for money exchange. Another

neighborhood that has a lot of money exchange counters is Itaewon

To get to Itaewon take Seoul Metro subway line 6 to Itaewon station and

take exit 4 towards Itaewon market. Exit 4 is across the street from the popular

Hamilton hotel. If you take a right from the Itaewon station 4 exit, you'll run into

the Royal money exchange next to the cake boutique. If you cross the street

from the Royal money exchange and walk down the street. You'll find the jung-woo

money exchange. You'll find money exchange counters located on side

streets from Itaewon-ro. Just look for the yellow and red signs with the yen

and dollar symbols. You'll find many currency exchanges and banks around the

Hamilton hotel which is an unofficial center of the Itaewon

area. Shinhan Bank is located in the same building as the Hamilton Hotel. Pease be

aware that Shinhan bank closes at 4 p.m. and is not open on weekends. Industrial

Bank of Korea is located on Bo gwang ro a few blocks from each a one station and

closes at 6 p.m. but is open on weekends until 4:00 p.m.. There are also

convenience stores which offer currency exchange and ATMs on the main street

Itaewon- ro. You'll see Keb Bank which specializes in currency exchange

Keb bank closes at 4pm and is also closed on weekends. Another convenient

place to exchange money is in the Dongdaemun area. To get to the Dongdaemun

market area, take line 1 or 4 of the Seoul metro subway to Dongdaemun

station and take exit 6, 7, 8, or 9

we took exit 7 and as soon as you get out you'll see a few money exchange

counters by the Lotteria restaurant

money exchange counters and banks are located along the main road and along

the side streets of the Dongdaemun market. On the Dongdaemun gate side, in the

alleys near the shoe market you'll find currency exchange counters there

too. We also saw a few exchange counters near the cloth market across the canal

near the corner

You'll also see branches for Keb Bank, Shinhan Bank, Woori Bank, and Kookmin Bank

please be aware that the banks closed at 4:00 p.m.. In Seoul you'll definitely

have many choices for safe money exchange. Happy Travels! Go to hipfig.com

for more information or go to our Hipfig Travel Channel on YouTube and

be sure to subscribe for regular updates