How to send money to South Korea from Germany with the best EUR-KRW rate

Regency FX is the best and cheapest service overall. On €7,000 you will get 10,382,454.3 KRW after fees and the exchange rate.

We’ve compared 7 money transfer companies in more detail below.

Best companies for EUR/KRW transfers

7 of 7 providers

Last updated on 28 October 2026

Based on 7,000 EUR transfer

Best companies for EUR/KRW transfers

Sort Cheapest
Promoted

Wise

Pay via Bank transfer
Fee €51.52 1 EUR = 1487.5300 KRW -0.02% vs mid-market Recipient gets ₩10,336,072.00 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€51.521 EUR = 1487.5300 KRW
₩10,336,072.00You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1466.0514 KRW +1.43% vs mid-market Recipient gets ₩10,262,359.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1466.0514 KRW
₩10,262,359.80You pay€7,000.00

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Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 1483.2078 KRW +0.27% vs mid-market Recipient gets ₩10,382,454.30 Minutes - 24 hours
Cheapest
Personal account managerReceive to bank accountProfessional, personal service

Ways to receive money in South Korea with Regency FX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1483.2078 KRW
₩10,382,454.30You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 1479.7871 KRW +0.50% vs mid-market Recipient gets ₩10,358,510.01 Minutes - 24 hours
Personal account managerReceive to bank account

Ways to receive money in South Korea with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1479.7871 KRW
₩10,358,510.01You pay€7,000.00

Wise

Pay via Bank transfer
Fee €51.52 1 EUR = 1487.5300 KRW -0.02% vs mid-market Recipient gets ₩10,336,072.00 Within minutes
Recommended
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€51.521 EUR = 1487.5300 KRW
₩10,336,072.00You pay€7,000.00

Wise

Pay via iDEAL
Fee €61.61 1 EUR = 1487.5300 KRW -0.02% vs mid-market Recipient gets ₩10,321,063.00 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by ideal.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€61.611 EUR = 1487.5300 KRW
₩10,321,063.00You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €31.00 1 EUR = 1480.6486 KRW +0.44% vs mid-market Recipient gets ₩10,318,640.00 Within minutes
Fastest
Multi-currency cardReceive to bank account

Ways to receive money in South Korea with Revolut when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
€31.001 EUR = 1480.6486 KRW
₩10,318,640.00You pay€7,000.00

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1466.0514 KRW +1.43% vs mid-market Recipient gets ₩10,262,359.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1466.0514 KRW
₩10,262,359.80You pay€7,000.00

Xe

Pay via Bank transfer
Fee €0.00 1 EUR = 1466.0514 KRW +1.43% vs mid-market Recipient gets ₩10,262,359.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1466.0514 KRW
₩10,262,359.80You pay€7,000.00

Xe

Pay via Credit card
Fee €0.00 1 EUR = 1466.0514 KRW +1.43% vs mid-market Recipient gets ₩10,262,359.80 Minutes - 24 hours
Personal account managerReceive to bank accountDedicated support for larger transactions

Ways to receive money in South Korea with Xe when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
Free1 EUR = 1466.0514 KRW
₩10,262,359.80You pay€7,000.00

Wise

Pay via Debit card
Fee €106.27 1 EUR = 1487.5300 KRW -0.02% vs mid-market Recipient gets ₩10,254,630.00 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€106.271 EUR = 1487.5300 KRW
₩10,254,630.00You pay€7,000.00

CurrencyFair

Pay via Bank transfer
Fee €2.94 1 EUR = 1458.5300 KRW +1.95% vs mid-market Recipient gets ₩10,205,334.41 Minutes - 24 hours
Receive to bank account

Ways to receive money in South Korea with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hours
€2.941 EUR = 1458.5300 KRW
₩10,205,334.41You pay€7,000.00

Wise

Pay via Credit card
Fee €148.12 1 EUR = 1487.5300 KRW -0.02% vs mid-market Recipient gets ₩10,192,377.00 Within minutes
Multi-currency cardReceive to bank accountDedicated support for large transfers

Ways to receive money in South Korea with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
€148.121 EUR = 1487.5300 KRW
₩10,192,377.00You pay€7,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit card
Fee €9.99 1 EUR = 1456.0020 KRW +2.12% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Credit card
Fee €9.99 1 EUR = 1456.0020 KRW +2.12% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,009.99
$0 fee on first online transfers

MoneyGram

Pay via Bank transfer
Fee €9.99 1 EUR = 1456.0020 KRW +2.12% vs mid-market Recipient gets ₩10,192,014.00 Minutes - 24 hours

Ways to receive money in South Korea with MoneyGram when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes - 24 hoursAvailable via:All Banks
€9.991 EUR = 1456.0020 KRW
₩10,192,014.00You pay€7,009.99
How Our Results Work
Mid-market rate: 1 EUR = 1487.2233 KRW Updates every 60 minutes.

How to send money from Germany to South Korea

Pick a company

For a one-off transfer from Germany, I suggest picking the cheapest option which is Regency FX.

Regency FX was the cheapest on 25 of the 28 days it quoted €7,000 transfers to South Korea.

On a 7,000 EUR transfer, Regency FX delivers the most KRW.

This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/KRW rate.

Fund your transfer

You have 4 ways to pay, including bank transfer, debit card, credit card, and iDEAL.

Verify and send

First time round you'll need a photo ID and proof of your German address.

Video identification is also normal and takes a few minutes.

Compare amounts

How much EUR are you sending to South Korea?

How much EUR you send to South Korea heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Regency FX was the cheapest in 90% of the transfers from €7,000 it quoted, and in 90% of all the transfers it quoted.

Cheapest service
€1,0000.03%€0.00₩1,486,030.00with debit card to bank deposit+₩31,564.71
€5,0000.50%€0.00₩7,402,152.25with bank transfer to bank deposit+₩165,143.82
€7,000This page0.27%€0.00₩10,382,454.30with bank transfer to bank deposit+₩115,868.43
€50,0000.25%€0.00₩74,196,031.68with bank transfer to bank deposit+₩785,913.05

Mid-market rate: 1 EUR = 1487.2233 KRW

EUR/KRW Exchange Rate History

Is today a good time to send money from Germany to South Korea?

The cheapest way to send EUR to KRW can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Regency FX), across 30 days of comparisons for 7,000 EUR transfers to South Korea.

KRW received for €7,000, after fees

Wed, 28 Oct 2026Mid-market rate₩10,410,562.82 Regency FX ₩10,382,454.30Regency FX₩10,382,454.30OFX₩10,358,510.01Wise₩10,336,072.00

10,2M
10,3M
10,4M
10,5M
10,6M
10,7M
10,8M
10,9M
At the mid-market rateWith the cheapest optionRegency FXOFXWise
Exchange rateFeeRecipient getsDifference
Mid-market rate 1542.6742 – ₩10,798,719.56
Regency FX Cheapest 1538.5090 €0.00 ₩10,769,563.02 −₩29,156.54
OFX 1534.9609 €0.00 ₩10,744,725.96 −₩53,993.60
Wise 1542.8500 €51.52 ₩10,720,462.00 −₩78,257.56
Exchange rateFeeRecipient getsDifference
Mid-market rate 1536.8438 – ₩10,757,906.43
Regency FX Cheapest 1532.6943 €0.00 ₩10,728,860.08 −₩29,046.35
OFX 1529.1596 €0.00 ₩10,704,116.89 −₩53,789.54
Wise 1537.2700 €51.52 ₩10,681,690.00 −₩76,216.43
Exchange rateFeeRecipient getsDifference
Mid-market rate 1538.1608 – ₩10,767,125.72
Regency FX Cheapest 1534.0078 €0.00 ₩10,738,054.48 −₩29,071.24
OFX 1530.4700 €0.00 ₩10,713,290.09 −₩53,835.63
Wise 1538.0600 €51.52 ₩10,687,179.00 −₩79,946.72
Exchange rateFeeRecipient getsDifference
Mid-market rate 1522.0201 – ₩10,654,140.69
Regency FX Cheapest 1517.9106 €0.00 ₩10,625,374.51 −₩28,766.18
OFX 1514.4100 €0.00 ₩10,600,869.98 −₩53,270.71
Wise 1521.8600 €51.52 ₩10,574,614.00 −₩79,526.69
Exchange rateFeeRecipient getsDifference
Mid-market rate 1513.2291 – ₩10,592,603.55
Xe Cheapest 1509.5718 €0.00 ₩10,567,002.60 −₩25,600.95
Regency FX 1509.1434 €0.00 ₩10,564,003.52 −₩28,600.03
OFX 1505.6629 €0.00 ₩10,539,640.54 −₩52,963.01
Wise 1510.7400 €51.52 ₩10,497,347.00 −₩95,256.55
Exchange rateFeeRecipient getsDifference
Mid-market rate 1512.3456 – ₩10,586,419.25
Xe Cheapest 1509.5718 €0.00 ₩10,567,002.60 −₩19,416.65
Regency FX 1508.2623 €0.00 ₩10,557,835.92 −₩28,583.33
OFX 1504.7839 €0.00 ₩10,533,487.15 −₩52,932.10
Wise 1510.7400 €51.52 ₩10,497,347.00 −₩89,072.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.7769 – ₩10,540,438.58
Regency FX Cheapest 1501.7113 €0.00 ₩10,511,979.40 −₩28,459.18
OFX 1498.2481 €0.00 ₩10,487,736.39 −₩52,702.19
Wise 1506.1200 €51.52 ₩10,465,245.00 −₩75,193.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 1504.7976 – ₩10,533,583.09
Regency FX Cheapest 1500.7346 €0.00 ₩10,505,142.41 −₩28,440.68
OFX 1497.2736 €0.00 ₩10,480,915.17 −₩52,667.92
Wise 1505.5700 €51.52 ₩10,461,423.00 −₩72,160.09
Exchange rateFeeRecipient getsDifference
Mid-market rate 1503.8681 – ₩10,527,076.83
Regency FX Cheapest 1499.8077 €0.00 ₩10,498,653.73 −₩28,423.10
OFX 1496.3488 €0.00 ₩10,474,441.45 −₩52,635.38
Wise 1504.0600 €51.52 ₩10,450,931.00 −₩76,145.83
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.3819 – ₩10,495,673.49
Regency FX Cheapest 1495.3336 €0.00 ₩10,467,335.17 −₩28,338.32
OFX 1491.8850 €0.00 ₩10,443,195.12 −₩52,478.37
Wise 1499.6200 €51.52 ₩10,420,080.00 −₩75,593.49
Exchange rateFeeRecipient getsDifference
Mid-market rate 1506.7577 – ₩10,547,304.08
Regency FX Cheapest 1502.6895 €0.00 ₩10,518,826.35 −₩28,477.72
OFX 1499.2239 €0.00 ₩10,494,567.55 −₩52,736.52
Wise 1506.7900 €51.52 ₩10,469,900.00 −₩77,404.07
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1501.4300 €51.52 ₩10,432,656.00 –
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1501.8871 – ₩10,513,209.58
Regency FX Cheapest 1497.8320 €0.00 ₩10,484,823.92 −₩28,385.66
OFX 1494.3776 €0.00 ₩10,460,643.53 −₩52,566.05
Wise 1501.4300 €51.52 ₩10,432,656.00 −₩80,553.58
Exchange rateFeeRecipient getsDifference
Mid-market rate 1494.3725 – ₩10,460,607.21
Regency FX Cheapest 1490.3377 €0.00 ₩10,432,363.57 −₩28,243.64
OFX 1486.9006 €0.00 ₩10,408,304.18 −₩52,303.03
Wise 1494.3700 €51.52 ₩10,383,600.00 −₩77,007.21
Exchange rateFeeRecipient getsDifference
Mid-market rate 1501.4249 – ₩10,509,974.32
Regency FX Cheapest 1497.3711 €0.00 ₩10,481,597.39 −₩28,376.93
OFX 1493.9178 €0.00 ₩10,457,424.45 −₩52,549.87
Wise 1501.9400 €51.52 ₩10,436,200.00 −₩73,774.32
Exchange rateFeeRecipient getsDifference
Mid-market rate 1496.8569 – ₩10,477,998.29
Regency FX Cheapest 1492.8154 €0.00 ₩10,449,707.69 −₩28,290.60
OFX 1489.3726 €0.00 ₩10,425,608.29 −₩52,390.00
Wise 1497.4600 €51.52 ₩10,405,071.00 −₩72,927.29
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.0715 – ₩10,535,500.30
Regency FX Cheapest 1501.0078 €0.00 ₩10,507,054.45 −₩28,445.85
OFX 1497.5461 €0.00 ₩10,482,822.80 −₩52,677.50
Wise 1504.8600 €51.52 ₩10,456,490.00 −₩79,010.30
Exchange rateFeeRecipient getsDifference
Mid-market rate 1497.4484 – ₩10,482,139.09
CurrencyFair Cheapest 1494.7900 €2.99 ₩10,459,045.63 −₩23,093.46
Regency FX 1493.4053 €0.00 ₩10,453,837.32 −₩28,301.77
OFX 1489.9612 €0.00 ₩10,429,728.40 −₩52,410.69
Wise 1497.1100 €51.52 ₩10,402,639.00 −₩79,500.09
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.7238 – ₩10,498,066.76
Regency FX Cheapest 1495.6746 €0.00 ₩10,469,721.98 −₩28,344.78
OFX 1492.2252 €0.00 ₩10,445,576.43 −₩52,490.33
Wise 1499.5000 €51.52 ₩10,419,246.00 −₩78,820.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.8699 – ₩10,499,089.35
Regency FX Cheapest 1495.8203 €0.00 ₩10,470,741.81 −₩28,347.54
OFX 1492.3706 €0.00 ₩10,446,593.90 −₩52,495.45
Wise 1499.5000 €51.52 ₩10,419,246.00 −₩79,843.35
Exchange rateFeeRecipient getsDifference
Mid-market rate – – –
Wise Cheapest 1494.1400 €51.52 ₩10,382,002.00 –
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1490.7408 – ₩10,435,185.78
Regency FX Cheapest 1486.7158 €0.00 ₩10,407,010.78 −₩28,175.00
OFX 1483.2871 €0.00 ₩10,383,009.85 −₩52,175.93
Wise 1491.3500 €51.52 ₩10,362,616.00 −₩72,569.78
Exchange rateFeeRecipient getsDifference
Mid-market rate 1486.9396 – ₩10,408,577.25
Regency FX Cheapest 1482.9249 €0.00 ₩10,380,474.09 −₩28,103.16
OFX 1479.5049 €0.00 ₩10,356,534.36 −₩52,042.89
Wise 1486.8200 €51.52 ₩10,331,139.00 −₩77,438.25
Exchange rateFeeRecipient getsDifference
Mid-market rate 1487.7014 – ₩10,413,910.09
Regency FX Cheapest 1483.6846 €0.00 ₩10,385,792.54 −₩28,117.55
OFX 1480.2629 €0.00 ₩10,361,840.54 −₩52,069.55
Wise No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1486.5123 – ₩10,405,586.07
Regency FX Cheapest 1482.4987 €0.00 ₩10,377,490.99 −₩28,095.08
OFX 1479.0797 €0.00 ₩10,353,558.14 −₩52,027.93
Wise 1486.7600 €51.52 ₩10,330,722.00 −₩74,864.07
Exchange rateFeeRecipient getsDifference
Mid-market rate 1482.9218 – ₩10,380,452.29
Regency FX Cheapest 1478.9179 €0.00 ₩10,352,425.06 −₩28,027.22
OFX 1475.5071 €0.00 ₩10,328,550.02 −₩51,902.27
Wise 1482.7500 €51.52 ₩10,302,859.00 −₩77,593.29
Exchange rateFeeRecipient getsDifference
Mid-market rate 1482.6581 – ₩10,378,606.81
Regency FX Cheapest 1478.6549 €0.00 ₩10,350,584.57 −₩28,022.23
OFX 1475.2448 €0.00 ₩10,326,713.77 −₩51,893.04
Wise 1482.7500 €51.52 ₩10,302,859.00 −₩75,747.80
Exchange rateFeeRecipient getsDifference
Mid-market rate 1483.7705 – ₩10,386,393.51
Regency FX Cheapest 1479.7643 €0.00 ₩10,358,350.24 −₩28,043.27
OFX 1476.3516 €0.00 ₩10,334,461.54 −₩51,931.97
Wise 1483.8900 €51.52 ₩10,310,780.00 −₩75,613.51
Exchange rateFeeRecipient getsDifference
Mid-market rate 1478.2948 – ₩10,348,063.62
Regency FX Cheapest 1474.3034 €0.00 ₩10,320,123.85 −₩27,939.77
OFX 1470.9033 €0.00 ₩10,296,323.30 −₩51,740.32
Wise 1478.2700 €51.52 ₩10,271,730.00 −₩76,333.62
Exchange rateFeeRecipient getsDifference
Mid-market rate 1487.2233 – ₩10,410,562.82
Regency FX Cheapest 1483.2078 €0.00 ₩10,382,454.30 −₩28,108.52
OFX 1479.7871 €0.00 ₩10,358,510.01 −₩52,052.81
Wise 1487.5300 €51.52 ₩10,336,072.00 −₩74,490.82

Exchange rateFeeRecipient getsDifference

Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more KRW per EUR than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of KRW on every transfer from Germany.

Right now, Regency FX pays 10,382,454.3 KRW on 7,000 EUR, which is 28,108.52 KRW less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 10,769,563.02 KRW.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to South Korea.

We've tracked 78 comparisons to check how often today's top companies were the cheapest across 4 amounts over the past month.

  1. Regency FXAppeared in 41 comparisons

    Cheapest in 90% of them

  2. OFXAppeared in 70 comparisons

    Cheapest in 17% of them

  3. WiseAppeared in 72 comparisons

    Cheapest in 4% of them

Based on 78 comparisons across 4 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Regency FX is the cheapest and gets you the most KRW, and it was also the cheapest in 90% of the 41 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to South Korea.

OFX (today's second cheapest) was the cheapest in only 17% of its comparisons, so it's rarely the cheapest option for transfers to South Korea.

Ways to send money from Germany to South Korea

There are 7 companies for sending money from Germany to South Korea, across broker, app, online, multi-currency account, global account, and in person, and more below.

Fastest and easiest way

Online and app transfers

Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.

Sending €7,000 with Wise to South Korea gets you 10,336,072 KRW with a €51.52 fee and -0.02% markup.

In our comparisons over the past month, it was the cheapest online service on 22 of the 29 days it quoted.

Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.

For paying in cash at a counter

In-person transfers

There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.

Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.

Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.

In general, online transfers are cheaper than sending cash to South Korea.

For large transfers from Germany

Currency brokers

For buying property, moving to South Korea, or moving pensions, a currency broker is the best option.

A broker like Regency FX charges no fee and works on a margin. It adds 0.27% on EUR/KRW which gets negotiated the more you send.

And you get an account manager to help you through the process.

Our analysis shows Regency FX was the cheapest broker in 90% of the transfers from €7,000 it quoted.

For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.

For making business payments

Global accounts

Global accounts are for businesses making payments to South Korea.

Be it overseas suppliers and contractors, receiving KRW payments, or holding KRW and EUR in one business account.

Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.

For spending & receiving

Multi-currency accounts

A multi-currency account lets you hold EUR and KRW in one account.

You get KRW bank details, and can receive international payments like rent, dividends, family payments without additional conversions.

You can convert KRW to EUR or EUR to KRW whenever you need.

The best multi-currency account is Wise, it adds ~-0.02% markup and charges small fees.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund EUR and receive KRW in South Korea

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 10,382,454.3 KRW.

You can pay for the transfer using bank transfer, debit card, credit card, and iDEAL.

Using German bank

A SEPA bank transfer is usually the cheapest way to deposit EUR.

An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to South Korea.

The recipient in South Korea can receive KRW by bank deposit.

To receive KRW by bank deposit

Enter the recipient's banking details and account holder's name.

Check both before sending because correcting a bank deposit will delay the transfer.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    ₩10,382,454

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    ₩10,321,063

    -₩61,391

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    ₩10,262,360

    -₩120,095

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    ₩10,262,360

    -₩120,095

Things to know before sending money from Germany to South Korea

The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.

Compare EUR/KRW transfer options

For a €7,000 transfer to South Korea, these are the best options:

Cheapest way to send money to South Korea

The cheapest option is Regency FX, funded by bank transfer with bank deposit for the payout. Your recipient gets 10,382,454.3 KRW, which is 0.23% more than the next best option.

Fastest way to send money to South Korea

The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 10,318,640 KRW in within minutes.

Transfers over €50,000 may get reported

Germany's AWV reporting threshold is €50,000.

A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.

It is a statistics report, not a tax or permission request.

Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.

The automated AWV notice shown by a bank does not mean every transfer is reportable.

The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.

SEPA and SWIFT are different

If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.

A payment converted into KRW sits outside that pricing rule and may involve another bank or payout partner.

Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.

This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.

How we analyse the market

Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.

We then track 7 of them on EUR to South Korea, comparing rates, fees and the pay-in and payout options.

In the past 30 days alone, we analysed 78 comparisons across 4 amounts.

This page covers the cheapest and fastest options for EUR/KRW transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

More on who we are, why you can trust us and how to get started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.