OWL Magazine Korea

Shinhan Bank “Sol”: Exchanging Japanese Yen

One of the natural steps taken in preparation for overseas travel is the exchange of local currency. As I was planning a trip to Japan this time, the process of exchanging Korean Won for Japanese Yen naturally became necessary.

For the yen exchange on this trip, there was a convenient method using the “Shinhan Bank Sol” app, allowing me to exchange currency smoothly. In Japan, cash is generally preferred, and it’s essential to secure enough cash, especially in areas like Osaka, where cash usage is more prevalent due to its developed commercial activities.

“Exchanging Yen with Shinhan Bank Sol App”

The Shinhan Bank Sol app provides an easy and convenient way to exchange foreign currency. By using the app, you can apply for currency exchange, receive yen at the airport, and enjoy a 90% exchange rate discount.

“Applying for Yen Exchange with Shinhan Bank Sol App”

To apply for currency exchange using the Shinhan Bank Sol app, you need to download the application, proceed with registration (although it is possible without registration, registering allows a 90% exchange rate discount compared to a 70% discount without registration), log in, and follow the steps below:

  • Click on “Convenient Exchange.”
  • Click on “Exchange” & agree to personal information collection & check terms.
  • Select the currency to exchange, such as “Japanese Yen (JPY).”
  • Enter the amount of yen you want to exchange (e.g., 40,000 yen).
  • Choose the foreign exchange area (e.g., Incheon Airport) and select the foreign exchange counter (e.g., ATM/Counter, etc.).
  • After transferring won to the account number, visit the designated location to receive yen.

In my case, I received yen at the Shinhan Bank Incheon Airport branch on the day of departure. The Shinhan Bank Incheon Airport branch is located near the Airport Railroad exit, close to the CGV Information Center, and is situated on the basement floor. The operating hours are from 6:00 AM to 8:00 PM.

“Shinhan Bank Incheon Airport Branch and Currency Exchange Counter”

  • Location: Next to Shinhan Bank branch on B1F of the Transportation Center
  • Services: Currency exchange
  • Phone number: 032-743-6000
  • Operating hours: 6:00 – 20:00

“Various Currency Exchange Counters Available at Other Airports”

Besides Incheon Airport, you can also receive the foreign currency you applied for at other locations within the airport. Moreover, you can collect it not only at Incheon Airport but also in local neighborhoods.

“Currency Exchange Counters on the 1st Floor Arrival Level”

  • Exit 13 on the Arrival floor (Operating hours: 7:00 – 21:00)
  • Exit 6 on the Arrival floor (Operating hours: 5:00 – 23:00)
  • Customs area Arrival gate A (Operating hours: 10:30 – 19:30)

“Currency Exchange Counters on the 3rd Floor”

  • Duty-free area 43G (Operating hours: 6:00 – 21:00 / Note: Available after departure inspection)
  • Departure floor Exit 11 (Operating hours: 6:00 – 21:00)
  • Departure floor G counter (Operating hours: 6:00 – 22:00)
  • Departure floor Exit 4 (Operating hours: 6:00 – 21:00)
  • Departure floor B counter (Operating hours: 6:00 – 21:00)
  • Duty-free area 11G (Operating hours: 7:00 – 22:00 / Note: Available after departure inspection)

“Currency Exchange Counters in the Boarding Area”

  • Boarding area 115G in front (Operating hours: 7:00 – 21:00 / Note: Available after departure inspection)
  • Boarding area 113G in front (Operating hours: 7:00 – 21:00 / Note: Available after departure inspection)

However, note that when using the Shinhan Bank Sol application for yen exchange, you need to apply at least one day before the date of collection to ensure timely receipt. Therefore, it is essential to apply in advance before your trip.

“Shinhan Bank Sol”

  • App Store Download: Link
  • Google Play Download: Link