GS25 Introduces Currency Exchange Kiosks... "Strengthening Financial Services for Foreigners"

Strengthening Currency Exchange Services for Foreign Customers
Number of Currency Exchange Users Soared 18 Times Last Year

GS Retail's convenience store GS25 announced on the 5th that it will newly introduce the ‘Dozen Currency Exchange Kiosk’ for foreign customers.

Since 2023, GS25 has been operating ▲currency exchange service ▲immediate VAT refund service (Tax Refund) ▲foreign currency payment service ▲promotion of payment methods for foreigners. As the number of visitors touring Korea increases, the number of users of GS25's currency exchange service last year increased 18 times compared to the previous year. The usage rate of tax refund services grew by 935% compared to the previous year.

Customers are using the foreign currency exchange service through the currency exchange kiosk at GS25. Provided by GS Retail.

GS25 plans to strengthen foreign financial services this year by introducing new currency exchange kiosks. The newly installed kiosks can be placed both inside and outside convenience stores, enhancing convenience and accessibility for foreign customers.

Also, it provides 24-hour currency exchange services and allows exchange of 15 foreign currencies including US Dollar, Japanese Yen, Euro, and Chinese Yuan into Korean Won. A ‘prepaid card’ service is also offered, enabling both issuance and charging. Foreign tourists can purchase prepaid cards at the kiosk and charge them with 15 foreign currencies, which are automatically converted into Korean Won upon charging.

Lee Taeyoung, Manager of GS Retail Service Product Team, said, “With the introduction of the Dozen Currency Exchange Kiosk, GS25 plans to continue convenient foreign financial services such as currency exchange, tax refund, and prepaid card charging,” adding, “We will continue to strengthen various services for foreign customers to make GS25 a ‘must-visit spot for foreign visitors to Korea.’”