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Best way to send: Panda Remit
We tested & reviewed 3 money transfer companies offering services between South Korea and Japan, and Panda Remit scored highly.
In total, Panda Remit appeared in 70.4% of South Korea to Japan searches, and was the top rated company out of 3 that support transfers into Yen.
So for a great mix of cost, speed & features, make your South Korea to Japan transfer using Panda Remit.
How to compare deals on your South Korea to Japan transfer
What to consider ahead of money transfers from South Korea to Japan
Comparing based on your specific needs is the best way to send money from South Korea to Japan with confidence.
Our analysis, and search results, include 3 providers that operate between South Korea and Japan. These are ranked by speed, overall cost and ease of use.
Through this, you get a comprehensive view of all the options you have in South Korea when you need to send money to Japan.
Cheapest way to send money from South Korea to Japan: Panda Remit
On average, Panda Remit fees were 4* KRW per transfer and customers would expect an exchange rate between KRW-JPY that is 0.3% different to the mid-market rate
Against the others tested, Panda Remit is 0% cheaper than the second-best option.
To secure a cheap way to transfer KRW to Japan, Panda Remit is our recommendation.
*The most common fee applied to KRW-JPY by Panda Remit, based on data from the past six months.
Fastest way to send money to Japan from South Korea: Panda Remit.
In our comparison, we found Panda Remit to be the fastest way to send Wons to Yen in 92.6% of transfers. For quick transfers between KRW and JPY, Panda Remit comes highly recommended.
Sending money from South Korea to Japan through Panda Remit has an average fee of 4 KRW.
To find the fastest company, we compared 3 money transfer providers for the overall speed of sending money from South Korea to Japan. This was made up of depositing Won to a money transfer account and transfer times to Japan.
When looking for the fastest money transfer, Panda Remit is our best choice for sending into Japan from South Korea.
Sending a large amount of money?
Of the 3 providers compared, Panda Remit is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Panda Remit may not always be the fastest or cheapest way to send money from South Korea to Japan, it's a great provider for things like buying or selling property.
Understanding the cost of moving money from South Korea to Japan
The total cost of sending money to Japan from South Korea, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: Currently, the mid-market for KRW-JPY is 0.109 JPY per Won.
Finding a company offering an exchange rate closer to this will mean more Yen for your Won.
The average KRW-JPY mid-market rate for the last three months has been 0.1122 JPY per Won. This includes a high of 0.1151, and low of 0.1068.
Out of the 3 companies compared, Panda Remit offers the best exchange rates.
The exchange rate you receive on converting KRW to JPY should be the biggest determining cost factor when transferring Won to Japan.
Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Panda Remit, with a fee average of 4 KRW per transfer over the last 6 months, offers the lowest fees overall. Although, you should search for your send amount for actual fees.
Amount Received: Money transfer companies will show you the amount of Yen eventually received in Japan.
A lower cost of sending from South Korea will result in more money received in Japan.
Track the exchange rate for Won to Yen
Sending money at the right time between KRW and JPY can make a huge difference to overall cost. The exchange rate impacts how much JPY you get for your KRW.
Over the last six months, the average numbers are:
The exchange rate from KRW to JPY averaged 0.1122 JPY.
The highest value recorded was 0.1151 JPY, while the lowest was 0.1068 JPY.
3 providers currently offer transfers between South Korea and Japan close to this rate
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Paying for your South Korea to Japan money transfer
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Japan and South Korea.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from South Korea to Japan.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send KRW to JPY.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.