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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
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