Here you’ll find answers to the most common questions about South Korean won (KRW) transfers.
You can't currently send money from KRW.
Who can I send KRW to?
You can send KRW to individual and business bank accounts in South Korea.
What information do I need about my recipient?
You’ll need their:
Keep in mind, only Latin letters can be used and the language must be in English.
How much can I send?
You can send up to 950,000 KRW per transfer and 50,000 USD (or equivalent) per year to an individual.
You can send up to 1 billion KRW per transfer to a business, but this also depends on what currency you're sending from. Check the relevant currency article for more information on how much you can send.
How long does it usually take for the money to arrive?
Once TransferWise receives and converts your money, it usually arrives in your recipient’s bank account on the same working day. Conversion can take up to 2 working days.
We’ll always give you an estimate for how long your transfer will take when you set it up.