GS25 to Expand ATM Stores to 14,000 by Next Year

Reducing Banks and Increasing Convenience Stores
Adding 'Customer Convenience' Lifestyle Services

GS25 announced on the 26th that it plans to expand the number of stores with ATMs to 14,000 by next year.

The number of GS25 stores with ATMs is the largest in the industry, increasing annually from 11,602 stores in 2020, 12,163 stores in 2021, 12,675 stores in 2022, to 13,261 stores as of September 2023. The company aims to expand this to 13,500 stores by the end of this year and 14,000 stores next year.

A customer is using an ATM at GS25.
[Photo by GS Retail]

On the other hand, according to the financial industry, the number of ATMs at the four major banks (KB Kookmin, Shinhan, Woori, Hana) decreased from 19,057 units in 2020 to 16,215 units as of September this year. This is analyzed as a result of banks seeking to transition to digital services due to decreased cash usage and the activation of online banking. In response, GS25 is steadily increasing the number of stores with ATMs to fill the gap in financial services and further increase foot traffic to its stores.

GS25 also offers a 'zero transaction fee' service for ATM users. Since 2017, it has partnered with major commercial banks and securities firms to waive ATM transaction fees, and currently operates partnerships with up to 11 institutions.

A GS Retail official stated, "To meet people's demand for ATMs, GS25 plans to continuously expand the number of stores with ATMs and related partnership services," adding, "In addition, we will provide greater accessibility by adding various lifestyle services that can enhance customer convenience and benefits."

This content was produced with the assistance of AI translation services.