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

We’ve compared and analysed 6 money transfer companies in Finland.

Best companies for EUR/KRW transfers

6 of 6 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 = 1487.4600 KRW 0.00% vs mid-market Recipient gets ₩10,335,586.00 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 = 1487.4600 KRW
₩10,335,586.00You pay€7,000.00
Promoted

Xe

Pay via Debit card
Fee €0.00 1 EUR = 1466.0514 KRW +1.45% 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

Run a live search

Showing top Finland to South Korea deals for 7,000 EUR. Do a live search with your exact amount for today's best rates.
Exclusive: First Transfer Deal

Regency FX

Pay via Bank transfer
Fee €0.00 1 EUR = 1483.4332 KRW +0.27% vs mid-market Recipient gets ₩10,384,032.22 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 = 1483.4332 KRW
₩10,384,032.22You pay€7,000.00

OFX

Pay via Bank transfer
Fee €0.00 1 EUR = 1480.0120 KRW +0.50% vs mid-market Recipient gets ₩10,360,084.28 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 = 1480.0120 KRW
₩10,360,084.28You pay€7,000.00

Wise

Pay via Bank transfer
Fee €51.52 1 EUR = 1487.4600 KRW 0.00% vs mid-market Recipient gets ₩10,335,586.00 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 = 1487.4600 KRW
₩10,335,586.00You pay€7,000.00

Wise

Pay via iDEAL
Fee €61.61 1 EUR = 1487.4600 KRW 0.00% vs mid-market Recipient gets ₩10,320,578.00 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 = 1487.4600 KRW
₩10,320,578.00You pay€7,000.00
Pricing based on Revolut Standard plan

Revolut

Pay via Bank transfer
Fee €70.50 1 EUR = 1482.2184 KRW +0.35% vs mid-market Recipient gets ₩10,271,032.00 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
€70.501 EUR = 1482.2184 KRW
₩10,271,032.00You 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 +1.45% 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 +1.45% 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 +1.45% 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 = 1487.4600 KRW 0.00% vs mid-market Recipient gets ₩10,254,148.00 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 = 1487.4600 KRW
₩10,254,148.00You pay€7,000.00

CurrencyFair

Pay via Bank transfer
Fee €2.94 1 EUR = 1459.0000 KRW +1.93% vs mid-market Recipient gets ₩10,208,623.00 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 = 1459.0000 KRW
₩10,208,623.00You pay€7,000.00

Wise

Pay via Credit card
Fee €148.12 1 EUR = 1487.4600 KRW 0.00% vs mid-market Recipient gets ₩10,191,897.00 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 = 1487.4600 KRW
₩10,191,897.00You pay€7,000.00
How Our Results Work
Mid-market rate: 1 EUR = 1487.4493 KRW Updates every 60 minutes.

How to send money from Finland to South Korea

Pick a company

For a one-off EUR transfer to South Korea, start with Regency FX.

Regency FX was the cheapest on 26 of the 29 days it quoted €7,000 transfers to South Korea.

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

The cheapest option depends on the amount, so I suggest 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.

Select how you want the recipient to pick up the money. For transfers to South Korea they can receive it via bank deposit.

Verify and send

If it's your first time using the service, you will need to verify your account.

This usually takes a few minutes to a few hours.

If your transfer is urgent, make sure to get it done beforehand to avoid any delays.

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 €2,000 it quoted, and in 90% of all the transfers it quoted.

Cheapest service
€5000.40%€0.00₩740,892.75with bank transfer to bank deposit+₩5,363.32
€2,0000.53%€0.00₩2,957,380.00with debit card to bank deposit+₩20,114.36
€7,000This page0.27%€0.00₩10,384,032.22with bank transfer to bank deposit+₩101,026.77

Mid-market rate: 1 EUR = 1487.4493 KRW

EUR/KRW Exchange Rate History

Is today a good time to send money from Finland 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₩10,412,145.01 Regency FX ₩10,384,032.22Regency FX₩10,384,032.22OFX₩10,360,084.28Wise₩10,335,586.00

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 1540.1443 – ₩10,781,010.31
Regency FX Cheapest 1535.9859 €0.00 ₩10,751,901.58 −₩29,108.73
OFX 1532.4436 €0.00 ₩10,727,105.26 −₩53,905.05
Wise 1540.2000 €51.52 ₩10,702,049.00 −₩78,961.31
Exchange rateFeeRecipient getsDifference
Mid-market rate 1534.8970 – ₩10,744,278.78
Regency FX Cheapest 1530.7527 €0.00 ₩10,715,269.23 −₩29,009.55
OFX 1527.2225 €0.00 ₩10,690,557.39 −₩53,721.39
Wise 1534.4400 €51.52 ₩10,662,026.00 −₩82,252.78
Exchange rateFeeRecipient getsDifference
Mid-market rate 1540.5979 – ₩10,784,185.60
Regency FX Cheapest 1536.4383 €0.00 ₩10,755,068.30 −₩29,117.30
OFX 1532.8950 €0.00 ₩10,730,264.67 −₩53,920.93
Wise 1539.8200 €51.52 ₩10,699,408.00 −₩84,777.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 1517.1155 – ₩10,619,808.63
CurrencyFair Cheapest 1515.8600 €3.00 ₩10,606,472.42 −₩13,336.21
Regency FX 1513.0193 €0.00 ₩10,591,135.15 −₩28,673.48
OFX 1509.5299 €0.00 ₩10,566,709.59 −₩53,099.04
Wise 1517.5700 €51.52 ₩10,544,805.00 −₩75,003.63
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 1504.6913 – ₩10,532,839.10
Regency FX Cheapest 1500.6286 €0.00 ₩10,504,400.43 −₩28,438.67
OFX 1497.1678 €0.00 ₩10,480,174.90 −₩52,664.20
Wise 1505.1000 €51.52 ₩10,458,157.00 −₩74,682.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.8192 – ₩10,540,734.60
Regency FX Cheapest 1501.7535 €0.00 ₩10,512,274.62 −₩28,459.98
OFX 1498.2901 €0.00 ₩10,488,030.93 −₩52,703.67
Wise 1505.8200 €51.52 ₩10,463,160.00 −₩77,574.60
Exchange rateFeeRecipient getsDifference
Mid-market rate 1499.4228 – ₩10,495,959.35
Regency FX Cheapest 1495.3743 €0.00 ₩10,467,620.26 −₩28,339.09
OFX 1491.9257 €0.00 ₩10,443,479.55 −₩52,479.80
Wise 1499.8900 €51.52 ₩10,421,956.00 −₩74,003.35
Exchange rateFeeRecipient getsDifference
Mid-market rate 1500.0893 – ₩10,500,625.34
Regency FX Cheapest 1496.0391 €0.00 ₩10,472,273.66 −₩28,351.68
OFX 1492.5889 €0.00 ₩10,448,122.22 −₩52,503.12
Wise 1500.3300 €51.52 ₩10,425,013.00 −₩75,612.34
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.8950 – ₩10,541,265.06
Regency FX Cheapest 1501.8291 €0.00 ₩10,512,803.65 −₩28,461.41
OFX 1498.3655 €0.00 ₩10,488,558.74 −₩52,706.32
Wise 1506.3100 €51.52 ₩10,466,565.00 −₩74,700.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1502.3801 – ₩10,516,660.55
Regency FX Cheapest 1498.3237 €0.00 ₩10,488,265.56 −₩28,394.99
OFX 1494.8682 €0.00 ₩10,464,077.24 −₩52,583.31
Wise 1501.4300 €51.52 ₩10,432,656.00 −₩84,004.55
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 1492.9744 – ₩10,450,820.46
Regency FX Cheapest 1488.9433 €0.00 ₩10,422,603.24 −₩28,217.22
OFX 1485.5095 €0.00 ₩10,398,566.35 −₩52,254.11
Wise 1493.2700 €51.52 ₩10,375,957.00 −₩74,863.46
Exchange rateFeeRecipient getsDifference
Mid-market rate 1498.8521 – ₩10,491,964.42
Regency FX Cheapest 1494.8052 €0.00 ₩10,463,636.12 −₩28,328.30
OFX 1491.3578 €0.00 ₩10,439,504.60 −₩52,459.82
Wise 1498.9900 €51.52 ₩10,415,702.00 −₩76,262.42
Exchange rateFeeRecipient getsDifference
Mid-market rate 1495.2147 – ₩10,466,503.20
Paysend Cheapest 1488.3720 €0.00 ₩10,418,604.04 −₩47,899.16
Wise 1495.3000 €51.52 ₩10,390,062.00 −₩76,441.20
Regency FX No quote collected this day – – – –
OFX No quote collected this day – – – –
Exchange rateFeeRecipient getsDifference
Mid-market rate 1505.8021 – ₩10,540,614.76
Regency FX Cheapest 1501.7364 €0.00 ₩10,512,155.10 −₩28,459.66
OFX 1498.2731 €0.00 ₩10,487,911.68 −₩52,703.08
Wise 1506.2500 €51.52 ₩10,466,148.00 −₩74,466.76
Exchange rateFeeRecipient getsDifference
Mid-market rate 1498.7174 – ₩10,491,021.93
Regency FX Cheapest 1494.6709 €0.00 ₩10,462,696.17 −₩28,325.76
OFX 1491.2238 €0.00 ₩10,438,566.82 −₩52,455.11
Wise 1498.6600 €51.52 ₩10,413,409.00 −₩77,612.93
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 1490.1797 – ₩10,431,258.10
Regency FX Cheapest 1486.1562 €0.00 ₩10,403,093.71 −₩28,164.39
OFX 1482.7288 €0.00 ₩10,379,101.81 −₩52,156.29
Wise 1490.7400 €51.52 ₩10,358,377.00 −₩72,881.10
Exchange rateFeeRecipient getsDifference
Mid-market rate 1489.8084 – ₩10,428,659.06
Regency FX Cheapest 1485.7860 €0.00 ₩10,400,501.68 −₩28,157.38
OFX 1482.3594 €0.00 ₩10,376,515.76 −₩52,143.30
Wise 1489.8100 €51.52 ₩10,351,915.00 −₩76,744.06
Exchange rateFeeRecipient getsDifference
Mid-market rate 1486.3781 – ₩10,404,646.64
Regency FX Cheapest 1482.3649 €0.00 ₩10,376,554.10 −₩28,092.54
OFX 1478.9462 €0.00 ₩10,352,623.41 −₩52,023.23
Wise 1486.4700 €51.52 ₩10,328,707.00 −₩75,939.64
Exchange rateFeeRecipient getsDifference
Mid-market rate 1484.6648 – ₩10,392,653.49
Regency FX Cheapest 1480.6562 €0.00 ₩10,364,593.32 −₩28,060.17
OFX 1477.2415 €0.00 ₩10,340,690.22 −₩51,963.27
Wise 1484.5700 €51.52 ₩10,315,505.00 −₩77,148.49
Exchange rateFeeRecipient getsDifference
Mid-market rate 1485.2141 – ₩10,396,498.88
Regency FX Cheapest 1481.2040 €0.00 ₩10,368,428.34 −₩28,070.54
OFX 1477.7881 €0.00 ₩10,344,516.39 −₩51,982.49
Wise 1485.6300 €51.52 ₩10,322,870.00 −₩73,628.88
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 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 1483.7428 – ₩10,386,199.66
Regency FX Cheapest 1479.7367 €0.00 ₩10,358,156.92 −₩28,042.74
OFX 1476.3241 €0.00 ₩10,334,268.66 −₩51,931.00
Wise 1483.7600 €51.52 ₩10,309,877.00 −₩76,322.66
Exchange rateFeeRecipient getsDifference
Mid-market rate 1479.7110 – ₩10,357,977.11
Regency FX Cheapest 1475.7158 €0.00 ₩10,330,010.57 −₩27,966.54
OFX 1472.3125 €0.00 ₩10,306,187.23 −₩51,789.88
Wise 1479.6100 €51.52 ₩10,281,040.00 −₩76,937.11
Exchange rateFeeRecipient getsDifference
Mid-market rate 1487.4493 – ₩10,412,145.01
Regency FX Cheapest 1483.4332 €0.00 ₩10,384,032.22 −₩28,112.79
OFX 1480.0120 €0.00 ₩10,360,084.28 −₩52,060.73
Wise 1487.4600 €51.52 ₩10,335,586.00 −₩76,559.01

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 Finland.

Right now, Regency FX pays 10,384,032.22 KRW on 7,000 EUR, which is 28,112.79 KRW less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 10,755,068.3 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 62 comparisons to check how often today's top companies were the cheapest across 3 amounts over the past month.

  1. Regency FXAppeared in 29 comparisons

    Cheapest in 90% of them

  2. OFXAppeared in 60 comparisons

    Never the cheapest

  3. WiseAppeared in 62 comparisons

    Never the cheapest

Based on 62 comparisons across 3 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, but it only quotes some of the amounts we track, so it isn't included in these figures.

OFX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to South Korea.

Ways to send money from Finland to South Korea

6 companies send money from Finland to South Korea, mostly through broker, app, online, multi-currency account, and global account, and a few more ways.

Usually the cheapest

Online transfers

Companies like Wise will get you 10,335,586 KRW on a €7,000 transfer.

In our comparisons over the past month, it was the cheapest online service on 21 of the 30 days it quoted.

If it's the only time you send money to South Korea, then it's the best option.

For recurring transfers, an app is a bit more convenient.

For regular transfers

Money transfer apps

For the regular smaller transfer, apps are convenient and cheap.

Wise charges €51.52 on a €7,000 transfer, and 10,335,586 KRW arrives in within minutes.

Over the past month, Wise was the cheapest app on 70% of the days it appeared for €7,000 transfers.

In South Korea they can receive money via bank deposit.

Moving money between your own accounts

Multi-currency accounts

Companies like Wise let you hold EUR and KRW balances in one account.

You can convert between them any time, and it's cheap.

For example, converting 7,000 EUR to KRW with Wise gets you 10,335,586 KRW (€51.52 in fees and 0% markup).

This is especially useful for travel since you are spending in KRW (no extra fees from Wise, only local ATMs).

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

For freelancers and SMEs

Global accounts

Global accounts are for companies and freelancers making payments to South Korea.

Companies like Wise Business, Airwallex, Holvi or Payoneer offer business features like batch payments, invoicing, admin tools, and more.

For sending large sums

Currency brokers

Currency brokers are good for sending €10,000+ to South Korea. They charge no fees and add a markup on the rate.

Regency FX charges no fee but adds 0.27% markup on top of the EUR/KRW rate.

Our analysis shows Regency FX was the cheapest broker in 90% of the transfers from €2,000 it quoted.

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 combination. Sending €7,000 gives your recipient 10,384,032.22 KRW.

To pay for your transfer in Finland, you have bank transfer, debit card, credit card, and iDEAL.

MobilePay and Siirto are useful for payments within Finland, but they do not send money to South Korea directly.

For withdrawals in South Korea, use bank deposit.

Receive KRW

The name should match the account holder's bank record, so double check it before sending.

  1. 1
    Bank transfer Bank deposit

    You pay €7,000.00

    ₩10,384,032

    Cheapest

  2. 2
    iDEAL Bank deposit

    You pay €7,000.00

    ₩10,320,578

    -₩63,454

  3. 3
    Debit card Bank deposit

    You pay €7,000.00

    ₩10,262,360

    -₩121,672

  4. 4
    Credit card Bank deposit

    You pay €7,000.00

    ₩10,262,360

    -₩121,672

What to consider before sending money from Finland to South Korea

For a transfer from Finland, compare the KRW received and check whether the payment is a taxable gift rather than ordinary family support.

Compare EUR/KRW transfer options

For a €7,000 transfer to South Korea, these are the current cheapest, fastest and easiest options.

Cheapest

Regency FX is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 10,384,032.22 KRW, which is 0.23% more than the next best option.

Fastest

Revolut delivers 10,271,032 KRW in within minutes when you pay by bank transfer and choose bank deposit.

Sending a gift from Finland can trigger gift tax

If you live in Finland and send someone abroad a cash gift, Finnish gift tax can still apply.

The recipient must file and pay the tax when gifts from you reach €7,500 or more within three years.

Education and maintenance costs may be exempt if you pay the university, landlord or other company directly.

Cash sent to the recipient is treated as a normal gift because they can spend it on anything.

Large transfers may take longer

Finnish banks and transfer companies can ask for the source and purpose of an unusual payment.

Keep the invoice, sale document or account statement ready.

SEPA Instant may fund the company's euro account quickly, but the company still needs to complete the payout in South Korea.

Safety measures in Finland

An EEA company may be authorised in another country and operate in Finland through passporting.

If a company does not resolve a complaint, FINE provides guidance and dispute support for financial customers in Finland.

Never move money to a so-called safe account or approve an unexpected bank-identification request.

When in doubt, check the company in the FIN-FSA supervised-entities register.

How we analyse the market

Every company here is registered with the FIN-FSA or passported in from elsewhere in the EU.

We track 6 of them on EUR to South Korea, comparing rates, fees and the ways to pay in and collect, updated in real time on live searches.

In the past 30 days alone, we analysed 62 comparisons across 3 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.

Nothing appears without passing our review.

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