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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Revolut has 50+ million customers globally. You can hold up to 36 currencies in the app and send money quickly in 70+ currencies to 160+ countries."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Best way to send: Wise
We tested & reviewed 9 money transfer companies offering services between Japan and South Korea, and Wise scored highly.
In total, Wise appeared in 100% of Japan to South Korea searches, and was the top rated company out of 9 that support transfers into Won.
So for a great mix of cost, speed & features, make your Japan to South Korea transfer using Wise.
How to send money from Japan to South Korea
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you get the best rates on converting into Won from Japan.
- Choose a provider
Select the provider offering the best way to send to South Korea based on your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your Won will soon be on their way to South Korea.
Summary of recent searches
Considerations when sending from Japan to South Korea
Comparing money transfer companies with services between Japan and South Korea, based on your specific transfer amount and transfer needs, is the best way to send money at the best price.
For this route, we’ve compared 9 providers providing services between Japan and South Korea. This ensures you will get the best options when sending Won to South Korea.
Over the last six months, we’ve picked Wise as the best overall provider. However, comparing based on the amount you want to send to South Korea will provide a specific provider that’s best for transferring money from Japan.
Cheapest way to transfer money to South Korea from Japan: Revolut
Of the 9 providers compared, data shows that Revolut is 0.2% cheaper than the second-best option.
The is cost is made up of an average JPY-KRW exchange rate that is 0.1% different to the mid-market rate and an average fee of 0* JPY.
If you want to secure the best rates on a JPY to South Korea transfer, Revolut will result in the most Won received.
*The most common fee applied to JPY-KRW by Revolut, based on data from the past six months.
Fastest money transfers from Japan to South Korea: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from Japan to Won in 60% of instances.
Over the last six months, sending money from Japan to South Korea through Wise have an average fee of 4,239 JPY.
Wise was one of 9 money transfer providers we compared for overall speed of sending money from Japan to South Korea. This speed test included depositing Yens to an account and the average timeframe for sending money to South Korea.
When fast transfers are a priority, Wise is our best choice for sending from Japan to South Korea.
Transfer a large sum of money
From 9 money transfer companies compared, Wise is the best option for large transfers from Japan to South Korea.
Whether it’s for property purchases, business or any other reason, sending large amounts of money from Japan to South Korea can become expensive if you use a bank, or the wrong provider.
Wise is the top choice for sending large sums of money to South Korea from Japan because they offer a strong service and competitive exchange rates.
Understanding the cost of transferring money from Japan to South Korea
The total cost of money transfers from Japan to South Korea is a combination of fees and exchange rates. Get the best of both, and you will be getting a good deal.
The Mid-Market and Exchange Rates: The mid-market rate for JPY-KRW is currently 9.1706 KRW per Yen. Providers offering services closer to this rate will ensure more Won for your Yens.
To give a historic average, over the last three months the JPY-KRW mid-market rate has been 9.0076 KRW per Yen, this has had a high of 9.253 and a low of 8.7539.
From the 9 companies compared, Wise offers the best exchange rate on transfers to South Korea and Japan.
Generally, the exchange rate you receive on converting JPY to KRW will be the biggest factor impacting the cost of sending Yens to South Korea.
Fees: Transfer fees are charged alongside a transfer. The company offering the lowest fee is Revolut at an average of 0 JPY per transfer over the last 6 months. In all cases, we recommend searching for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount eventually received in Won. Simply, the higher the amount received in Japan, the lower the cost of sending from South Korea.
Track the exchange rate for Yen to Won
Sending money at the right time between JPY and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your JPY.
Over the last six months, the average numbers are:
The exchange rate from JPY to KRW averaged 9.0076 KRW.
The highest value recorded was 9.253 KRW, while the lowest was 8.7539 KRW.
9 providers currently offer transfers between Japan and South Korea close to this rate.
Want to secure the best JPY-Won exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Japan to South Korea!
Paying for your Japan to South Korea money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Japan to South Korea.
By using a money transfer company such as Revolut to send money from Japan to South Korea, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, Revolut is the cheapest money transfer provider for bank transfers from the 9 we tested when sending JPY to South Korea.
With an average fee of JPY0 to send money from Japan to South Korea, Revolut offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Japan to South Korea with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Japan to South Korea. This is from the 9 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Japan to South Korea, emerges as our top choice of the 9 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 South Korea and Japan.
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 Japan to South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send JPY to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
