Korea Expat Guide

Before sending money from Korea, compare the supported route, total KRW cost, exchange rate, recipient amount, required documents, and provider status. A bank is not automatically the most expensive route, and a remittance app is not automatically the cheapest or fastest. The useful comparison is what your recipient is expected to receive, through a route that supports the country, currency, purpose, and documents for your specific transfer. This guide covers money sent from Korea to another country . If you are still setting up the account that will fund the transfer, start with Bank Account in Korea for Foreigners . For the full cluster, use Banking, Cards and Payment Problems in Korea . Quick Answer: Bank or Remittance Service? Get a live quote from at least one bank and one legally registered remittance service that supports your destination. Enter the same funding amount, destination, currency, recipient type, and delivery method. Then compare the expected recipient ...