GS Retail Introduces 'Foreign Currency Exchange Kiosks' at Convenience Stores and Supermarkets

Up to 50% Discount on Preferential Exchange Rates

Foreign currency exchange kiosks introduced at GS25 and GS The Fresh. (Photo by GS Retail)

[Asia Economy Reporter Lim Chunhan] GS Retail announced on the 2nd that it will introduce foreign currency exchange kiosks at about 10 locations, including convenience store GS25 and supermarket GS The Fresh, for pilot operation starting on the 3rd.

The foreign currency exchange kiosks were developed by Woody, which operates the integrated foreign currency management service BuddyCash. They allow exchange of foreign currencies from a total of 15 countries, including the US dollar, Japanese yen, euro, and Chinese yuan, into Korean won. Korean won can be exchanged into four foreign currencies: US dollar, Japanese yen, euro, and Chinese yuan.

Exchange rate information can be checked in real time on the foreign currency exchange kiosk screen. The exchange rate information is linked with data from major commercial banks and automatically updated every hour. If customers apply for a reservation exchange service through the BuddyCash application (app) before using the foreign currency exchange kiosk, they can enjoy up to a 50% preferential exchange rate benefit. GS Retail plans to continuously expand preferential exchange rate benefits in line with the trend of increasing overseas travel.

A GS Retail official said, “By additionally introducing foreign currency exchange kiosks through convenience stores and supermarkets, we are building the industry's highest level of financial services. We plan to continuously expand and strengthen simple financial services not only for domestic customers but also for foreign customers.”