How to send money to South Korea from Australia with the best AUD-KRW rate

Of the 9 companies we analysed, Ria Money Transfer is the cheapest app overall for sending $2,000 to South Korea.

On a 2,000 AUD transfer it will get your recipient 1,993,380 KRW.

Best companies for AUD/KRW transfers

10 of 10 providers

Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze AUD/KRW exchange rates from our comparisons.

Based on 2,000 AUD transfer

Best companies for AUD/KRW transfers

All money transfer offers for AUD/KRW transfers, sorted by most KRW received. The first two offers may be sponsored promotions. Some offers here pay us a commission.
Sort Cheapest
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Wise

Wise

Pay via Bank Transfer
Fees: $14.15 1 AUD = 973.9580 KRW -0.06% vs mid-market Recipient gets ₩1,934,134.00 Within minutes
Receive 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
$14.151 AUD = 973.9580 KRW
₩1,934,134.00You pay$2,000.00
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MoneyGram

MoneyGram

Pay via Debit Card
Fees: $2.99 1 AUD = 919.7599 KRW +5.66% vs mid-market Recipient gets ₩1,839,519.80 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$2.991 AUD = 919.7599 KRW
₩1,839,519.80You pay$2,002.99

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Showing top Australia to South Korea deals for 2,000 AUD. Do a live search with your exact amount for today's best rates.
Ria Money Transfer

Ria Money Transfer

Pay via Bank Transfer
Fees: $0.00 1 AUD = 996.6900 KRW -2.37% vs mid-market Recipient gets ₩1,993,380.00 6-12 Hours
CheapestUsing Bank Transfer with Ria Money Transfer is the cheapest way to send money to South Korea from Australia.

Ways to receive money in South Korea with Ria Money Transfer when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 996.6900 KRW
₩1,993,380.00You pay$2,000.00
Ria Money Transfer

Ria Money Transfer

Pay via Mobile wallet
Fees: $0.00 1 AUD = 996.6900 KRW -2.37% vs mid-market Recipient gets ₩1,993,380.00 6-12 Hours

Ways to receive money in South Korea with Ria Money Transfer when paying by mobile wallet.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 996.6900 KRW
₩1,993,380.00You pay$2,000.00
Panda Remit

Panda Remit

Pay via Bank Transfer
Fees: $5.99 1 AUD = 998.5713 KRW -2.56% vs mid-market Recipient gets ₩1,991,161.16 6-12 Hours
0 reviews

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$5.991 AUD = 998.5713 KRW
₩1,991,161.16You pay$2,000.00
Ria Money Transfer

Ria Money Transfer

Pay via Debit Card
Fees: $2.89 1 AUD = 996.6900 KRW -2.37% vs mid-market Recipient gets ₩1,990,499.57 6-12 Hours

Ways to receive money in South Korea with Ria Money Transfer when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$2.891 AUD = 996.6900 KRW
₩1,990,499.57You pay$2,000.00
Ria Money Transfer

Ria Money Transfer

Pay via Credit Card
Fees: $2.89 1 AUD = 996.6900 KRW -2.37% vs mid-market Recipient gets ₩1,990,499.57 6-12 Hours

Ways to receive money in South Korea with Ria Money Transfer when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$2.891 AUD = 996.6900 KRW
₩1,990,499.57You pay$2,000.00
Instarem

Instarem

Pay via PayID
Fees: $0.00 1 AUD = 973.3700 KRW 0.00% vs mid-market Recipient gets ₩1,946,740.00 6-12 Hours
Receive to bank account

Ways to receive money in South Korea with Instarem when paying by payid.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 973.3700 KRW
₩1,946,740.00You pay$2,000.00
Instarem

Instarem

Pay via Bank Transfer
Fees: $0.00 1 AUD = 973.3700 KRW 0.00% vs mid-market Recipient gets ₩1,946,740.00 6-12 Hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 973.3700 KRW
₩1,946,740.00You pay$2,000.00
Pricing based on Revolut Standard plan
Revolut

Revolut

Pay via Bank Transfer
Fees: $3.00 1 AUD = 970.4288 KRW +0.30% vs mid-market Recipient gets ₩1,937,946.00 Within minutes
FastestRevolut with Bank Transfer deposit is the fastest way to send AUD to South Korea.
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$3.001 AUD = 970.4288 KRW
₩1,937,946.00You pay$2,000.00

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.

Instarem

Instarem

Pay via Debit Card
Fees: $12.00 1 AUD = 973.3700 KRW 0.00% vs mid-market Recipient gets ₩1,935,059.56 6-12 Hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$12.001 AUD = 973.3700 KRW
₩1,935,059.56You pay$2,000.00
Instarem

Instarem

Pay via Credit Card
Fees: $12.00 1 AUD = 973.3700 KRW 0.00% vs mid-market Recipient gets ₩1,935,059.56 6-12 Hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$12.001 AUD = 973.3700 KRW
₩1,935,059.56You pay$2,000.00
Wise

Wise

Pay via Bank Transfer
Fees: $14.15 1 AUD = 973.9580 KRW -0.06% vs mid-market Recipient gets ₩1,934,134.00 Within minutes
RecommendedBased on our editorial reviews, Wise is our recommended way to send money from Australia to South Korea.
Receive 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
$14.151 AUD = 973.9580 KRW
₩1,934,134.00You pay$2,000.00
Wise

Wise

Pay via Osko
Fees: $14.15 1 AUD = 973.9580 KRW -0.06% vs mid-market Recipient gets ₩1,934,134.00 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$14.151 AUD = 973.9580 KRW
₩1,934,134.00You pay$2,000.00
OFX

OFX

Pay via Bank Transfer
Fees: $0.00 1 AUD = 967.0339 KRW +0.65% vs mid-market Recipient gets ₩1,934,067.86 6-12 Hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 AUD = 967.0339 KRW
₩1,934,067.86You pay$2,000.00
Xe

Xe

Pay via Bank Transfer
Fees: $0.00 1 AUD = 965.0572 KRW +0.86% vs mid-market Recipient gets ₩1,930,114.40 6-12 Hours
Receive 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 deposit6-12 Hours
Free1 AUD = 965.0572 KRW
₩1,930,114.40You pay$2,000.00
Wise

Wise

Pay via Debit Card
Fees: $19.66 1 AUD = 973.9580 KRW -0.06% vs mid-market Recipient gets ₩1,928,768.00 Within minutes
Receive 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
$19.661 AUD = 973.9580 KRW
₩1,928,768.00You pay$2,000.00
Xe

Xe

Pay via Debit Card
Fees: $6.00 1 AUD = 965.0572 KRW +0.86% vs mid-market Recipient gets ₩1,924,324.06 6-12 Hours
Receive 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 deposit6-12 Hours
$6.001 AUD = 965.0572 KRW
₩1,924,324.06You pay$2,000.00
Wise

Wise

Pay via Credit Card
Fees: $33.12 1 AUD = 973.9580 KRW -0.06% vs mid-market Recipient gets ₩1,915,659.00 Within minutes
Receive 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
$33.121 AUD = 973.9580 KRW
₩1,915,659.00You pay$2,000.00
Xe

Xe

Pay via Credit Card
Fees: $15.00 1 AUD = 965.0572 KRW +0.86% vs mid-market Recipient gets ₩1,915,638.54 6-12 Hours
Receive 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 deposit6-12 Hours
$15.001 AUD = 965.0572 KRW
₩1,915,638.54You pay$2,000.00
Remitly

Remitly

Pay via Debit Card
Fees: $0.00 1 AUD = 950.8400 KRW +2.34% vs mid-market Recipient gets ₩1,901,680.00 2 Days
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank deposit2 Days
Free1 AUD = 950.8400 KRW
₩1,901,680.00You pay$2,000.00
Remitly

Remitly

Pay via Credit Card
Fees: $20.00 1 AUD = 950.8400 KRW +2.34% vs mid-market Recipient gets ₩1,901,680.00 2 Days
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank deposit2 Days
$20.001 AUD = 950.8400 KRW
₩1,901,680.00You pay$2,020.00
Remitly

Remitly

Pay via PayTo
Fees: $0.00 1 AUD = 950.8400 KRW +2.34% vs mid-market Recipient gets ₩1,901,680.00 2 Days
Receive to bank account or cash pickup

Ways to receive money in South Korea with Remitly when paying by payto.

MethodFee & ratesRecipient gets
Bank deposit2 Days
Free1 AUD = 950.8400 KRW
₩1,901,680.00You pay$2,000.00
$0 fee on first online transfers
MoneyGram

MoneyGram

Pay via Debit Card
Fees: $2.99 1 AUD = 919.7599 KRW +5.66% vs mid-market Recipient gets ₩1,839,519.80 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$2.991 AUD = 919.7599 KRW
₩1,839,519.80You pay$2,002.99
$0 fee on first online transfers
MoneyGram

MoneyGram

Pay via POLi
Fees: $2.99 1 AUD = 919.7599 KRW +5.66% vs mid-market Recipient gets ₩1,839,519.80 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$2.991 AUD = 919.7599 KRW
₩1,839,519.80You pay$2,002.99
$0 fee on first online transfers
MoneyGram

MoneyGram

Pay via Credit Card
Fees: $32.99 1 AUD = 919.7599 KRW +5.66% vs mid-market Recipient gets ₩1,839,519.80 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$32.991 AUD = 919.7599 KRW
₩1,839,519.80You pay$2,032.99
Western Union

Western Union

Pay via Debit Card
Fees: $0.00 1 AUD = 919.2745 KRW +5.72% vs mid-market Recipient gets ₩1,838,549.00 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 AUD = 919.2745 KRW
₩1,838,549.00You pay$2,000.00
Western Union

Western Union

Pay via Bank Transfer
Fees: $0.00 1 AUD = 919.2745 KRW +5.72% vs mid-market Recipient gets ₩1,838,549.00 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 AUD = 919.2745 KRW
₩1,838,549.00You pay$2,000.00
How Our Results Work
Mid-market rate: 1 AUD = 973.360776 KRW Updates every 60 minutes.

How to send money from Australia to South Korea

Pick a company

Start with the cheapest, which is Ria Money Transfer at 1,993,380 KRW on $2,000.

Funding is quick whoever you pick, so the choice comes down to the rate and how your recipient collects it.

Fund your transfer

You have 8 ways to pay, including bank transfer, debit card, credit card, mobile wallet, payid, osko, payto, and poli.

PayID and Osko move money to the company in seconds at no cost, and PayID shows you the account name before you confirm.

Watch your bank's daily limit on anything large.

Verify and send

First time round you'll need a photo ID, usually a licence or a passport.

A passport and visa are enough if you’re new (you don’t need an Australian credit history).

Ways to send money from Australia to South Korea

9 money transfer companies let you send money from Australia to South Korea.

Cheapest for most transfers

Online transfers

Sending money online with a “self-service” provider is usually the cheapest way to send money to South Korea.

For example, sending $500 with Ria Money Transfer will get you 1,993,380 KRW after a $0 fee and -2.37% markup.

To speed up the transfer, use PayID or bank transfer, this will ensure your money is withdrawn instantly from your AU bank account.

Plus, PayID shows the registered payee name, which gives you an extra check against the details you entered.

For regular transfers home

Money transfer apps

An app suits the transfer you make over and over to the same recipient, similar amount, every payday or so.

Ria Money Transfer takes $0 in fees and -2.37% markup on a $0 transfer, and your KRW arrives in 6-12 hours.

Signing up is quick even if you're new to Australia.

A passport and visa are enough for most money transfer apps, and no local credit history is needed.

For large AUD transfers

Currency brokers

Money transfer brokers are best for large transfers, like buying property, moving abroad, or paying student fees.

On transfers of $10,000 or more, a broker like OFX drops the fee entirely and works on margin instead.

With OFX you get 0.65% on AUD/KRW, and it gets lower the more you send.

You also get an account manager for the whole thing.

For overseas business payments

Business accounts

Global accounts like Airwallex are great for paying suppliers, contractors or staff in KRW, handling invoices, batch payments, and more.

For receiving and spending

Multi-currency accounts

Multi-currency accounts let you hold AUD and KRW in one account, and convert when the rate suits you.

Revolut converts $2,000 at 0.3% markup, and the KRW sits in your account until you spend or transfer it.

Most useful if you travel often to South Korea, split your life between two countries, or receive money from abroad.

We also created a guide going into more detail about multi currency accounts.

Ways to fund AUD and receive money in South Korea

With Ria Money Transfer, paying by bank transfer and receiving through a bank deposit is the cheapest combination. Sending $2,000 gives your recipient 1,993,380 KRW.

You can fund the transfer with bank transfer, debit card, credit card, mobile wallet, payid, osko, payto, and poli.

You can pay with payid

Use the PayID supplied by the company and confirm the recipient name shown by your Australian bank before approving the payment.

Recipients in the South Korea can collect KRW through bank deposit.

  1. 1
    Bank transfer Bank deposit

    You pay $2,000.00

    ₩1,993,380

    Cheapest

  2. 2
    Mobile wallet Bank deposit

    You pay $2,000.00

    ₩1,993,380

    ₩0

  3. 3
    Debit card Bank deposit

    You pay $2,000.00

    ₩1,990,500

    -₩2,880

  4. 4
    Credit card Bank deposit

    You pay $2,000.00

    ₩1,990,500

    -₩2,880

  5. 5
    Payid Bank deposit

    You pay $2,000.00

    ₩1,946,740

    -₩46,640

Show moreShow less
  1. 6
    Osko Bank deposit

    You pay $2,000.00

    ₩1,934,134

    -₩59,246

  2. 7
    Payto Bank deposit

    You pay $2,000.00

    ₩1,901,680

    -₩91,700

  3. 8
    Poli Bank deposit

    You pay $2,002.99

    ₩1,839,520

    -₩153,860

Consider this before sending AUD to India

Every international transfer is reportable by the company handling it, but that is not a tax or a form you normally file yourself. PayID can fund the transfer, while the overseas leg still needs a transfer provider.

Compare AUD/INR transfer options

For an $2,000 transfer to South Korea, these are the best options right now:

Cheapest

Ria Money Transfer is cheapest when funded by bank transfer with bank deposit for the payout. Your recipient gets 1,993,380 KRW, which is 2.34% more than the next best option.

Fastest

Revolut delivers 1,937,946 KRW in within minutes when you use bank transfer and choose bank deposit as payout.

If you need money urgently, we've put together a guide on instant money transfers.

PayID is domestic only

PayID and Osko move Australian dollars between local accounts.

When a money transfer company accepts PayID, it collects the AUD in Australia and then handles the conversion and payout in South Korea.

Confirm the registered business name shown by your bank before approving the PayID payment.

AUSTRAC reporting

The bank or remittance company reports international transfer instructions to AUSTRAC.

This applies to international transfers generally, rather than only those above A$10,000.

You do not normally submit the international transfer report yourself.

A separate threshold report applies when a transaction involves A$10,000 or more in physical cash.

Large or unusual transfers can still trigger source-of-funds checks. Keep the sale agreement, invoice or bank statement that explains the payment ready.

Cash gifts can affect Centrelink payments

Australia does not generally tax a genuine cash gift simply because you send it to family in South Korea.

Gifting money can still affect income-tested or asset-tested Centrelink payments.

Services Australia can continue assessing gifts above its gifting free areas under the income and assets tests.

If you or your partner receive a relevant payment, check the gifting rules before sending a large amount.

Bank protection in Australia

The Financial Claims Scheme protects eligible Australian-dollar deposits with an Australian-incorporated ADI, up to A$250,000 per account holder per ADI.

It does not automatically cover money held by a non-bank transfer company.

In case of issues, if a complaint is not resolved, the Australian Financial Complaints Authority is the free external dispute service for member financial firms.

Live AUD-KRW Exchange Rate

Getting a better AUD to KRW rate

Small changes in the AUD/KRW rate can make a noticeable difference to the amount received, especially on a larger transfer.

Mid-market rate:1 AUD = 973.479671 KRW

How we analyse the market

We track 9 companies sending AUD to South Korea, all holding an Australian licence, with rates refreshed in real time when running a live search.

Fees, exchange rates and the pay-in and payout options all get compared, and each company goes through our review before it appears.

More on who we are, why you can trust us and getting started.

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