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Bank & Currency

Bank
Most major international banks are represented in Seoul, along with local banks. Major banks are open from 9am to 4.30pm, Monday to Friday, and 9am to 1.30pm on Saturday; they close on Sunday and public holidays. Some banks and branches are open slightly longer hours; some banking services are not available an hour before closing.

Automated teller machines(ATMs)
24-hour Automated teller machines (ATMs) can be found almost every major cities; some of these machines are marked "Cirrus' or "Star" and will therefore accept most foreign issued credit cards and ATM cards.

Currancy

Korea's currency unit is the Won. Coins are in denominations of W10, W50,W100, and W500. Bank notes are of 1,000, 5,000, and 10,000. Foreign bank notes and traveler's checks can be converted into Korean Won at foreign exchange banks and other authorized moneychangers.

The value of the Korean won to the US dollar fluctuate marginally, and banks and money changes charge commission. Similarly, commissions are payable in hotels and major retail outlets which provide exchange facilities for their customers. As elsewhere, the rates of exchange for cash and travellers' cheques are marginally different, and coins are not exchangeable.