How to send money to South Korea from UAE with the best AED-KRW rate

A comparison of providers offering services between the United Arab Emirates and South Korea is paramount. Based on your specific transfer amount, the best way to send money to South Korea could change. Comparing ensures the best price for your needs.

For services allowing you to send UAE Dirham to South Korea we've compared 4 providers.

Here are your best money transfer options for sending money from the United Arab Emirates to South Korea

• Wise is our recommended way to send UAE Dirham to KRW. Sending 25,000 AED to KRW will cost you .د.إ265.73 in fees, and your recipient will receive 9,532,019 KRW. The delivery time usually is within minutes, but it depends on the day you make the transfer.

• To secure a cheap way to transfer AED to South Korea, Regency FX is our recommendation. We found that Regency FX fees were 0 AED per transfer, and customers would expect an exchange rate between AED-KRW that is 0.27% different to the mid-market rate

• Fastest way to send money to South Korea from the United Arab Emirates is with Wise. If you send .د.إ25,000 with Wise to South Korea, the transfer time is within minutes. This is currently the fastest option, but can vary depending on how much AED you send to South Korea.

This coverage of the market ensure you will get the best options for your transfer to South Korea from the United Arab Emirates.

Overall, we rated Wise as the best, but remember comparing for your specific transfer gives you a comprehensive view of all the options for transferring money from the United Arab Emirates to South Korea.

A better exchange rate means more UAE Dirham being sent to South Korea. This exchange rate determines the price you will pay when buying Won.

Currently the mid-market rate between UAE Dirham and Won is 385.7814.

Fees and exchange rates make up the total cost of sending money from South Korea to South Korea. Finding a company that can offer both ensures a good deal on your transfer.

• The Mid-Market and Exchange Rates: The current AED-KRW mid-market rate is 385.7814 KRW per UAE Dirham. You will get more Won for your UAE Dirhams if you find a provider close to this number.

• Fees: Transfer fees are charged as part of the transfer. Regency FX charges the lowest fee of 0 AED at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.

• Amount Received: Money transfer companies will show you the amount of Won eventually received in South Korea. You can assume that a lower cost of sending from the United Arab Emirates will result in more money received in South Korea.

Sometimes, waiting a day or two can help you get more KRW for the same amount of UAE Dirham - but time it wrong and you might get a worse deal.

If you’re sending a large amount where this rate could make a significant difference, use a forward contract. This allows you to lock in an agreed exchange rate between the United Arab Emirates and South Korea.

A bank transfer through a money transfer company is the cheapest way to send money. Generally, it’s the payment method that will get you the best price on a transfer from the United Arab Emirates to South Korea at this moment.

Here are all the ways to send money from United Arab Emirates to South Korea:

Bank transfers

Bank transfers are usually the best and easiest way to send money from the United Arab Emirates to South Korea.

By using a money transfer company such as Regency FX for transfers from the United Arab Emirates to South Korea, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates than you would get from a traditional bank.

Debit and prepaid cards

Sending money from the United Arab Emirates to South Korea with a debit or a prepaid card is available through .


is one of the cheaper options for debit card payments for transfers from the United Arab Emirates to South Korea. This cost is against a total of 4 money transfer companies offering this option.

Credit cards

When it comes to credit card transfers from the United Arab Emirates to South Korea, we recommend comparing your options to get the best deal.

Transfer limits to the United Arab Emirates and South Korea will differ per company, this may impact the amount you can send and receive if you hit the limits.

Also, rates and fees for different AED-KRW transfer amounts could change - that’s why it’s best to compare companies for your specific transfer amount. Then, for regular transfers to South Korea, shopping around each time can make a huge difference if you feel you are hitting limits regularly.

For sending large or regular amounts of AED to South Korea we'd recommend using Wise. They offer a combination of rates and fees when sending from the United Arab Emirates to South Korea that is the most competitive.

There are different ways to receive money in South Korea.

The most popular ways are direct bank deposit into Won, cash pickup, a mobile wallet or receiving money into a multi-currency account.

Not all providers offering money transfers between the United Arab Emirates and South Korea will offer every method for incoming Won.

Understanding where the money will eventually go after its left the United Arab Emirates and entered South Korea could impact the provider you use.

The most common (and generally easiest) way to send money from the United Arab Emirates to South Korea is directly into a bank account. Wise is the best company for sending money from the United Arab Emirates to a bank account in South Korea.

And if you need cash right away, check if cash pickup is an option for transfers between United Arab Emirates and South Korea.

Mobile wallets, P2P services and payment apps like PayPal, Xoom, and CashApp are popular because they offer convenience to those who already have them, but they come with more limitations and higher costs.

When sending Wons to South Korea, you will need to verify your ID at the sign up stage.

The documents you need will vary by money transfer company and in some cases you might need a couple of options.

For the most part however, in the United Arab Emirates ID can be verified through a government issued ID such as a passport or driver's license.

In South Korea, if the recipient needs an ID to collect money - both should be accepted. We’d recommend checking in advance before sending for any specific requirements on receiving money.

Large transactions between the United Arab Emirates and South Korea, are subject to additional checks such as proof of funds. This is for anti-money laundering purposes.

Wise is one of our recommended providers for transfers to South Korea from the United Arab Emirates due to the ease of sign up and ID verification.

When sending money between United Arab Emirates and South Korea there will be tax declarations to consider.

Some transfers into Won may need to be reported to tax authorities in South Korea, particularly where inheritance or property purchases are involved (or anywhere else there are additional legal requirements).

Depending on age and income in particular, tax limits and personal allowances will change in South Korea.

When in doubt, please contact a tax professional in the United Arab Emirates or South Korea to discuss the personal circumstances of the transfer. This ensures you are not missing any specific tax declarations associated with your circumstances.