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Compare ways to send money from South Korea to Japan

Compare the best ways to send money from South Korea to Japan. Explore the fastest, cheapest, and most reliable providers with the best KRW to JPY exchange rates.

Read on for the best deals, expert information, and all you need to send money to Japan from South Korea.

Transferring the other way? Send JPY from Japan to South Korea instead.
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Panda Remit was the top rated provider from South Korea to Japan
Fees
$0 - $10
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.3% - 2%
Panda Remit was the cheapest from South Korea to Japan
Fees
$0 - $10
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.3% - 2%
Panda Remit was the fastest from South Korea to Japan
Fees
$0 - $10
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.3% - 2%
OFX was the best for large transfers from South Korea to Japan

"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."

Fees
None
Transfer Speed
Minutes - 24 hours
Exchange Rate Markup
0.4% - 1.5%

Best way to send: Panda Remit

Panda Remit is our top pick for sending KRW to JPY.

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

Summary of recent searches

Top rated for transfers from South Korea to Japan
Panda Remit
Total number of KR - JP providers
3
Average cheapest fees & rate
Panda Remit
Average fastest transfer
Panda Remit
Average transfer time
Within minutes
Best for bank transfers
Panda Remit
Best for debit card
Wise
Best for credit card
Wise

What to consider ahead of money transfers from South Korea to Japan

1
Compare providers

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.

2
Understand the Won-Yen exchange rate
3
Choose the right payment method
4
Use providers regulated in South Korea and Japan
5
Consider transfer limits
6
Receiving money in Japan
7
Have your ID ready
8
Don't forget about taxes

Cheapest way to send money from South Korea to Japan: Panda Remit

We compared 3 money transfer companies and Panda Remit offers the cheapest transfer service between South Korea and Japan.

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.

Of the 3 companies offering South Korea to Japan, Panda Remit is the quickest.

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?

For big transfers from South Korea to Japan, competitive pricing & strong customer service are essential.

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.

Mid-market Rate
1
= 0.108959 JPY

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

Want to secure the best KRW-Yen exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from South Korea to Japan!

Paying for your South Korea to
Japan money transfer

  • Bank transfers

    A bank transfer is often the default option for money transfers from South Korea to Japan.

    By using a money transfer company such as Panda Remit to send money from South Korea to Japan, you can while benefit from lower fees and more favorable exchange rates than a bank would offer. 


    On average, Panda Remit is the cheapest money transfer provider for bank transfers from the 3 we tested when sending KRW to Japan.

    With an average fee of KRW4 to send money from South Korea to Japan, Panda Remit offers a great combination of competitive exchange rates and lower fees.


  • Debit and prepaid cards

    Sending money from South Korea to Japan with a prepaid or debit card is very easy with Wise.


    Wise is a great choice for sending money with a debit card from South Korea to Japan. This is from the 3 money transfer companies compared.

  • Credit cards

    When it comes to credit card money transfers from South Korea to Japan, Wise emerges as our top choice of the 3 companies offering this service.

    Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.

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.

Money transfer company reviews

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How long does it take to send money from South Korea to Japan?
What is the best exchange rate I can get for sending money from South Korea to Japan?
Are there any minimum or maximum transfer amounts for sending money from South Korea to Japan?
Can I schedule regular transfers between South Korea and Japan?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.