Breaking
ITItaly exits in the quarterfinals of EuroVolley 2026: Finland wins 3-2 at PalaVelaARPakistani security forces thwart an infiltration attempt from Afghanistan and exchange fire with the TalibanINTLSoftBank Group shares rise 7% after announcing $11.1 billion bond sale to fund OpenAI investmentTRArmed Attack at Turgutlu High School: 11 Students Injured, Three in Critical ConditionCNXi Jinping arrives in Washington for a state visit to the United StatesCNAuthoritative Express from Xinhua News Agency|Joined archeology at the Mengtu Temple Site in China discovered the remains of the Shuangsheng LakeCNRicoh Taiwan promotes the "20/80 flip revolution": AI takes over administrative tasks and allows human resources to focus on high-value workCNUS Secretary of State Rubio: Arms sales to Taiwan need to balance the needs of the US military and global commitmentsCNThe first "Zhijiang Cup" National Public Security College AI Innovation Competition concluded in HangzhouFRHawk plane crash in Wales: two pilots eject, investigation openedITItaly exits in the quarterfinals of EuroVolley 2026: Finland wins 3-2 at PalaVelaARPakistani security forces thwart an infiltration attempt from Afghanistan and exchange fire with the TalibanINTLSoftBank Group shares rise 7% after announcing $11.1 billion bond sale to fund OpenAI investmentTRArmed Attack at Turgutlu High School: 11 Students Injured, Three in Critical ConditionCNXi Jinping arrives in Washington for a state visit to the United StatesCNAuthoritative Express from Xinhua News Agency|Joined archeology at the Mengtu Temple Site in China discovered the remains of the Shuangsheng LakeCNRicoh Taiwan promotes the "20/80 flip revolution": AI takes over administrative tasks and allows human resources to focus on high-value workCNUS Secretary of State Rubio: Arms sales to Taiwan need to balance the needs of the US military and global commitmentsCNThe first "Zhijiang Cup" National Public Security College AI Innovation Competition concluded in HangzhouFRHawk plane crash in Wales: two pilots eject, investigation opened
BackBanking, operating mobile stores and providing currency exchange and events during the Chuseok holiday
Banking, operating mobile stores and providing currency exchange and events during the Chuseok holiday
Developing
연합뉴스3 hours agoBusiness3 min readSouth KoreaView original

Banking, operating mobile stores and providing currency exchange and events during the Chuseok holiday

Quick Look

Banks will operate mobile stores at highway rest areas and airports during the Chuseok holiday to support exchange of new banknotes and simple financial services, provide currency exchange booths and giveaway events, and expand liquidity support to small and medium-sized businesses.

AI-generated summary

Why It Matters

In celebration of the Chuseok holiday, banking institutions are operating mobile stores and currency exchange centers for the convenience of returning homebound and overseas travelers, holding giveaway events, and expanding liquidity support to small and medium-sized businesses.

Font size

Banks are operating mobile branches for customer convenience during the Chuseok holiday. We have prepared currency exchange services and various events for overseas travelers, and are also promoting financial support for small and medium-sized businesses in preparation for increased demand for funds around the holidays.

◇ Operating a mobile store at a highway rest area… Support for new card exchange, etc.

According to the banking sector on the 24th, major banks will operate mobile branches for returning customers on the 23rd and 24th.

KB Kookmin Bank operates a bus-type mobile store at the Giheung Rest Area on the Gyeongbu Expressway toward Busan. With an automated teller machine (ATM), you can perform simple financial tasks such as bank transfers and bank accounts, and even exchange new banknotes.

Shinhan Bank opens a mobile store 'Bangbird' on the downbound line of Hwaseong Rest Area on the West Coast Expressway. It also supports automated teller machine (ATM) operations and new currency exchange.

Hana Bank operates a ‘Moving Hana Bank’ mobile branch at the Yangjae Meeting Square rest area (down line). There is no ATM installed, and two employees are stationed to assist with tasks such as exchanging new banknotes.

Woori Bank and NH Nonghyup Bank operate mobile branches at the Manghyang Rest Area on the lower line and the Jungbu Expressway Hanam Dream Rest Area, respectively.

Woori Bank also plans to distribute notices and free gifts to prevent financial fraud such as voice phishing at its mobile branches.

IBK Industrial Bank of Korea also opened a mobile branch at the Deokpyeong Rest Area on the Yeongdong Expressway toward Incheon and also operates a currency exchange booth for domestic and foreign travelers during the holiday season.

KB Kookmin Bank operates a total of 11 currency exchange centers in Incheon International Airport Terminal 1 and Terminal 2 and assists in exchanging a total of 17 currencies. Three of these are open 24 hours a day.

Shinhan Bank opens currency exchange offices at Gimpo Airport, Cheongju Airport, and Jeju Airport. ‘SOL Travel Lounge’, an unmanned currency exchange space, is also operated continuously in 7 locations, including Seoul and Pangyo.

Woori Bank also opens a currency exchange office at Incheon International Airport during the holiday season.

◇ Giveaway events around the holidays… Expansion of liquidity support for small and medium-sized businesses

To celebrate Chuseok, there will be events such as prize winnings.

KB Kookmin Bank is holding a ‘Lucky Bead Event’ until the 30th. If you click the 'Lucky Bead Draw' button on the event page within the application, you can receive a mobile phone, etc. through a drawing.

Shinhan Bank provides a 'Danggyyo' 5,000 won coupon to all customers who purchase 1g or 3.75g gold bars through 'Gold Bar Gifting'. 20 customers who purchase a total of 1 kg or more of ‘Shinhan Gold Rich Gold Bar’ at a branch will be drawn and a 1 gram mini gold bar will also be given away. The event period lasts until the 30th.

NH Nonghyup Bank will provide 5,000 won CU mobile gift certificates through a drawing to customers who receive overseas remittances through branches, personal smart banking, or NH All One Bank by October 31.

The banking sector is also providing financial support to small and medium-sized businesses and small business owners who may be experiencing difficulties due to increased demand for funds around the holidays.

KB Kookmin, Shinhan, Hana, and Woori Bank each supply funds worth 15.2 trillion won to small and medium-sized businesses and individual business owners. By bank, the amount is KRW 6.2 trillion for new loans and KRW 9 trillion for maturity extensions.

The period is the same from the 24th of last month to October 16th.

Loans can be made up to 1 billion won per company, and maturity extension is allowed without the condition of repaying part of the principal at maturity.

NH Nonghyup Bank will supply a total of 13.575 trillion won, including 5.075 trillion won in new funds and 8.5 trillion won in maturity extensions, by October 12.

Kakao Bank is holding an allowance event for customers aged 7 to 18 who are using the youth financial service ‘Kakao Bank Mini’ for the first time until the 30th.

In order to manage the allowance received during the holidays, customers who open a 'Mini' account for the first time during the event period will receive 5,000 won.

K-Bank will give up to 50,000 won in cash if you open a K-Bank account or ALPHA, a financial service exclusively for youth, by the 30th.

Open Questions

  • What are the specific operating hours of the mobile store?
  • What are the preferential exchange rate conditions provided by currency exchange offices?
  • What is the actual application process for small business financial support?

Related Topics

This article was originally published by 연합뉴스.

Related Stories

Netflix recruits kids and web entertainment YouTubers... ‘Netflix challenges YouTube’s exclusive territory’
Developing·

Netflix recruits kids and web entertainment YouTubers... ‘Netflix challenges YouTube’s exclusive territory’

Netflix has challenged YouTube's traditional strengths by recruiting popular YouTubers in the kids' content and web entertainment fields. The Wall Street Journal reported that YouTube and Netflix are competing to secure content creators, and YouTube is also implementing response strategies, such as predicting disadvantages for creators who sign with Netflix and launching a short-form drama tool and an AI storytelling assistant.

연합뉴스
2 min read
Busan Urban Development Corporation becomes the first public institution to obtain ISO 30301 certification
Business·

Busan Urban Development Corporation becomes the first public institution to obtain ISO 30301 certification

Busan Urban Development Corporation announced that it was the first public institution under Busan City to obtain ISO 30301 certification, an international standard for records management system, from the Korea Management Certification Board. It was recognized for having a foundation for securing high-quality digital data through computerization of important records through RFID technology-based management and records management system.

연합뉴스
1 min read
Yeongdong-gun, local currency ‘Rainbow Yeongdong Pay’ issued exceeds the number of residents
Developing·

Yeongdong-gun, local currency ‘Rainbow Yeongdong Pay’ issued exceeds the number of residents

Yeongdong-gun, North Chungcheong Province, announced that the number of local currency 'Rainbow Yeongdong Pay' (card type) issued was 46,974, surpassing the number of residents (43,089). This is the result of the expansion of card issuance to pay for the second livelihood stabilization support fund, which will be paid 300,000 won per person starting this month. Compared to last month, the number of issuances increased by 36.8% in 50 days, and the number of affiliated stores increased by 3.4%. The card can be issued regardless of residence, but can only be used at local affiliated stores, and in this month, which includes the Chuseok holiday, 12% of the amount spent is accumulated as cashback.

연합뉴스
2 min read
Expansion of guarantees for new products and companies with high sales or long history... Initial corporate support declines
Developing·

Expansion of guarantees for new products and companies with high sales or long history... Initial corporate support declines

The Credit Guarantee Fund announced that while it has reduced the number and amount of guarantee approvals for companies with sales of less than 1 billion won and business establishments of less than 3 years over the past five years, it has significantly increased support for companies with sales exceeding 10 billion won and business establishments of more than 7 years. This is analyzed as an effect of the expansion of policy guarantee support for prospective mid-sized companies.

연합뉴스
2 min read
The debt ratio is also close to 100%... Kang Dae-sik “We can’t just show off exemptions and discounts.”
Developing·

The debt ratio is also close to 100%... Kang Dae-sik “We can’t just show off exemptions and discounts.”

It has been pointed out that Korea Expressway Corporation's highway toll reduction amounted to KRW 6.2748 trillion over 20 years, with the debt ratio rising to 95.6% and the interest burden increasing. Representative Kang Dae-sik criticized the pretentiousness of the exemption and discount policy and urged the preparation of practical measures to ease the financial burden.

연합뉴스
2 min read
Turtle Capital and Trader ETF ‘10-25% of assets under management are Korean investors’
Developing·

Turtle Capital and Trader ETF ‘10-25% of assets under management are Korean investors’

Executives from overseas leveraged ETF brand Trader ETF and Turtle Capital Management visited Korea one after another and disclosed the proportion of Korean investors. Trader ETF revealed that 10% of its assets under management and 25% of Turtle Capital's T-Rex ETF had Korean investors, and according to data from the Korea Securities Depository, seven of the top 20 stocks traded overseas by individual investors in the past six months were leveraged and inverse ETFs.

연합뉴스
2 min read
More on this topicChuseok holiday