Best companies for IDR/KRW transfers
2 of 2 providers Last updated on 26 September 2026
Based on 36,000,000 IDR transfer Best companies for IDR/KRW transfers Sort Cheapest
Promoted Wise Pay via Bank transfer	Fee Rp 335.720,00 1 IDR = 0.0756 KRW -0.05% vs mid-market	Recipient gets ₩2.697.429,00 Within minutes
25 reviews 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 Rp 335.720,001 IDR = 0.0756 KRW ₩2.697.429,00You payRp 36.000.000,00
Run a live search Showing top Indonesia to South Korea deals for 36,000,000 IDR. Do a live search with your exact amount for today's best rates.
Run a live search Showing companies that send from a business account. Run a business search to get live IDR to KRW rates.
Run a live search These companies offer multi-currency accounts for spending KRW. We suggest doing a live search based on how much IDR you're planning to spend in South Korea.
Run a live search These are managed services with real human support for large IDR transfers. Click the link and update the transfer amount to get the best deal.
Exclusive: First Transfer Deal Regency FX Pay via Bank transfer	Fee Rp 0,00 1 IDR = 0.0754 KRW +0.27% vs mid-market	Recipient gets ₩2.714.108,07 Minutes - 24 hours
0 reviews Cheapest Personal account manager
Ways to receive money in South Korea with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 IDR = 0.0754 KRW ₩2.714.108,07You payRp 36.000.000,00
Wise Pay via Bank transfer	Fee Rp 335.720,00 1 IDR = 0.0756 KRW -0.05% vs mid-market	Recipient gets ₩2.697.429,00 Within minutes
25 reviews FastestRecommended 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 Rp 335.720,001 IDR = 0.0756 KRW ₩2.697.429,00You payRp 36.000.000,00
How Our Results Work Mid-market rate: 1 IDR = 0.0756 KRW Updates every 60 minutes.

Why compare

IDR/KRW exchange rate

Best ways to pay & receive

Transfer speed

How to send money from Indonesia to South Korea

Pick a company

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

On a 36,000,000 IDR 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 IDR/KRW rate.

Fund your transfer

You can fund the transfer using bank transfer.

With money transfer companies, you're given a virtual account number to pay into, and in many cases (depending on the company) you can use BI-FAST to fund it.

It costs about Rp2,500 and caps at Rp250 million.

Verify and send

First time round you'll likely need your KTP and a selfie with it to verify your account.

Larger transfers need documents showing what the money is for (such as tuition letter or similar).

Ways to send money from Indonesia to South Korea

2 companies send money from Indonesia to South Korea, using online, app, multi-currency account, global account, and broker and other options.

One-off and everyday transfers

Online transfers

Wise charges 335720 IDR to send Rp36,000,000 and your recipient gets 2,697,429 KRW in within minutes.

Most Indonesia’s outbound transfer services are local and licensed by Bank Indonesia.

Avoid unregulated money transfer companies, even if the exhcnage rate looks better.

Make sure to check for the words “berizin dan diawasi Bank Indonesia” on providers website or app before sending.

Saving for future payments

Valas account

A valas account (a.k.a a multi-currency account) lets you convert IDR to KRW and hold it before spending abroad, travelling, or paying other bills in South Korea.

This works well if you need KRW regularly, travel to South Korea, or get paid in from there.

Paying suppliers

Global accounts

Global accounts help Indonesian businesses hold foreign currency and make regular payments to suppliers in South Korea.

Wise Business and Payoneer handle recurring business transfers, but a bank’s solusi valas desk may be more useful when the payment needs invoices or other supporting documents.

Ways to fund IDR and receive KRW in South Korea

With Regency FX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending Rp36,000,000 gives your recipient 2,714,108.07 KRW.

You can fund the IDR side through bank transfer.

Pay from Indonesian bank account

A money transfer comapny will give you bank details for top-up, send money to it from your Indonesian bank.

BI-FAST can be used to fund the transfer inside Indonesia (some companies support it), but the company will then use an internal network to then send it to South Korea.

Your recipient can receive KRW by bank deposit.

1

Bank transfer Bank deposit

You pay Rp36,000,000.00

₩2,714,108

Cheapest

What to consider when sending IDR to South Korea

The main check in Indonesia is whether the service is licensed to send money out. Many international brands only support transfers coming into the country.

Compare the IDR/KRW options

For an Rp36,000,000 transfer to South Korea, start with the final option that gets you the most KRW.

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 2,714,108.07 KRW, which is 0.61% more than the next best option.

Fastest way to send money to South Korea

Wise delivers 2,697,429 KRW in within minutes when you pay by bank transfer and choose bank deposit.

BI-FAST and QRIS are domestic only

BI-FAST can be used to deposit IDR to the transfer company's local account, but it does not send KRW to a person in South Korea.

QRIS is also a payment system rather than an international person-to-person transfer.

The purpose matters on larger payments

Banks must record the purpose of an outgoing foreign-currency transfer and can ask for supporting documents such as invoices, agreements, etc.

Bank Indonesia's current foreign-exchange rules include documentation requirements once relevant thresholds are crossed.

Those thresholds and exemptions can change, so ask the bank what it needs before making a large transfer to South Korea.

Live IDR-KRW Exchange Rate

Track the IDR to KRW exchange rate

The number of KRW received depends on the rate used to convert your IDR. Compare today's quote with the recent market range before paying.

Mid-market rate:1 IDR = 0.075649 KRW

How we analyse the market

Every company here holds a Bank Indonesia transfer licence, the thing worth checking before you trust anyone with your money.

We track 2 of them on IDR to South Korea, comparing rates, fees and the pay-in and payout options, refreshed in real time on live searches.

Each also goes through 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.

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How to send money to South Korea from Indonesia with the best IDR-KRW rate

Best companies for IDR/KRW transfers