Incheon Airport Bank and Currency Exchange Opening Announcement... KB Kookmin, Woori, Hana

Shinhan Bank Eliminated... Operation Until 2030

On the 26th, Incheon International Airport Corporation conducted the bid price opening for the selection of operators for banks and currency exchange offices at Incheon Airport Terminal 1 and Terminal 2, which took place the previous day. The corporation announced the comprehensive evaluation results combining the business proposals and bid price evaluations. Priority negotiation candidates were selected for the three business rights: Kookmin Bank for Business Right 1 (BE1), Woori Bank for Business Right 2 (BE2), and Hana Bank for Business Right 3 (BE3).

Terminal 1 Departure Hall Bank and Currency Exchange Business Rights Allocation Map [Photo by Incheon International Airport Corporation]

The corporation plans to sign contracts by November this year once negotiations for each business right are completed. Operations are scheduled to commence sequentially from January next year, with each operator allowed to run their stores until 2030, with a possible extension of up to three years (until 2033).

Kookmin Bank offered 70.9 billion KRW to enter Business Right 1, which is preferred due to its excellent customer accessibility and spacious branches. Woori Bank proposed 57.5 billion KRW, and Hana Bank offered 45.9 billion KRW. In the bid prior to 2017, Shinhan Bank won Business Right 1 with a bid of 20.8 billion KRW. Woori Bank was selected for Business Right 2 with 11.8 billion KRW, and Hana Bank for Business Right 3 with 10.1 billion KRW.

Map of Bank and Currency Exchange Business Rights at Terminal 2 Departure Hall
[Photo by Incheon International Airport Corporation]

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