Transfer Money to South Korea
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Transfer Money to South Korea

Save up to 85% with better than bank exchange rates
  • Compare the world's leading foreign exchange companies
  • Trusted by over 600,000 last year for a better deal

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Compare Money Transfers to South Korea

Compare the world's leading foreign exchange companies. Save up to 85%

Sending money to South Korea? Compare & save in 3 simple steps

In just 3 simple steps, we will search to find you the cheapest money transfer deals. We list only FCA regulated companies so you can trust that our service is reliable and equitable; simply choose one from the table, submit your details and we do the rest.

Compare cheap money transfer deals to South Korea

We make it our mission to offer you the best exchange rates when sending money to South Korea, and ensure that the service we supply is incomparable. Listing leading currency specialists, and using only FCA regulated companies; you can rest assured that your money is safe with us.

Whether you are importing goods from Busan or planning an overseas work placement in Seoul, our comparison table will find you the products to suit your needs, saving you up to 85% on your money transfer.

What do I need to send money to South Korea

CHECK LIST

For your convenience, we have compiled a checklist of the account details you will need to transfer money to the beneficiary.

Tick list
IBAN
example:
Not Applicable for South Korea
internationally agreed means of identifying bank accounts across national borders with a redued risk errors.
Tick list
Swift/BIC code
example:
BANKKRXX-XXX
Society for Worldwide Interbank Financial Telecommunication more effiecient and secure system for inter bank communications and transfer of funds
Tick list
Bank Name/Address
the name and address of the recipient bank
Tick list
Account Number
example:
XXXXXXXX
the primary account number found on credt cards and bank cards
Tick list
Account holders name
the primay account name found on credit cards and bank cards

LIST OF BANKS TO TRANSFER TO IN SOUTH KOREA

  • Single bank
    Citigroup Korea
  • Single bank
    Korea Exchange Bank
  • Single bank
    Hana Financial Group
  • Single bank
    Woori Bank
  • Single bank
    Shinhan Bank
  • Single bank
    KB Kookmin Bank

Money saving and currency tips for South Korea

Information
Foreigners buying property must report the transaction to the appropriate district office, within 60 days of signing the purchase contract.
Information
It is extremely common to rent and apartments are the most common types of property provided by employers to foreigners.
Information
People who have entered Korea, registered as aliens and stayed legally for more than two years, qualify for citizenship.
Information
Swiftly becoming the business hub of East Asia, South Korea is home to many international companies and in turn, very good employability prospects.
Popular transfer reason
The most popular reason for transfering money to South Korea is
Average transfer
The average amount transfered to South Korea is
KRW
Speed of transfer
Most transfers to South Korea will be completed within
2 working days
Tax
Individual tax rate in South Korea is
6.6-41.8%
Average property price
The Average property price per square meter in South Korea is
7,083,517.59 KRW
Renting
The Average price of rent for a 3 bed city apartment in South Korea is
2,483,480.00 KRW

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