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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

Incheon Subway Stations to Feature Unmanned Currency Exchange Kiosks

From Dong-A Ilbo · (2d ago) Korean Positive tone

Translated from Korean, summarized and contextualized by DistantNews.

TLDR

  • Incheon City is installing 5 unmanned currency exchange kiosks in major subway stations to serve the growing foreign population and tourists.
  • The kiosks will be available at Bupyeong, Incheon Terminal, and Technopark stations initially, with Gyeyang and Geomam stations to follow in May.
  • These new kiosks aim to improve accessibility to currency exchange services, which were previously concentrated in hotels and the airport.

Incheon City is taking a significant step to enhance convenience for its substantial foreign resident population and the increasing number of international visitors by deploying unmanned currency exchange kiosks across key subway stations. With nearly 170,000 foreign nationals residing in Incheon and over a million tourists visiting in 2024, the demand for accessible currency exchange services has been on a steady rise.

The initiative, which began with installations at Bupyeong, Incheon Terminal, and Technopark stations on April 13, will expand to Gyeyang and Geomam stations in May. These kiosks offer the flexibility to exchange up to 15 foreign currencies into Korean Won and can also purchase major foreign currencies like USD and JPY. The inclusion of barrier-free features, such as braille buttons and voice guidance, ensures these services are accessible to everyone.

Previously, currency exchange machines were largely confined to hotels and the international airport, creating accessibility challenges for many. The strategic placement of these new kiosks within the subway network aims to bridge this gap, offering a more convenient and integrated financial service for both residents and tourists. This move is expected to particularly benefit foreign students and workers who previously had to travel to banks or the airport for such transactions, thereby improving their overall financial experience in the city.

In Incheon, currency exchange demand is increasing due to the rise in domestic and international travel by Koreans and foreigners. We will continue to systematically build world-class urban infrastructure to create an Incheon that is convenient for everyone to live and travel in.

โ€” Lee Seon-hoDirector of Incheon City's Global Urban Policy Bureau, highlighting the city's commitment to improving infrastructure for residents and tourists.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.