MoneyTransfers

How to send money to South Korea from Japan with the best JPY-KRW rate

Find money transfer deals for sending money from Japan to South Korea. Compare the cheapest, fastest, and most reliable providers with the best JPY to KRW exchange rates.

Read on for the best deals, expert information, and easiest ways to send money to South Korea from Japan.

Transferring the other way? Send KRW from South Korea to Japan instead.
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July 1st, 2025
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Best money transfer companies

Send money from Japan to South Korea

Last updated: Today
Mid-market rate as of 07/01/2025: 1 JPY = 9.440605 KRW
Results below are based on a 1000000 JPY search
0 of 6 providers
Sponsored
Wise
Recipient gets (KRW)
₩9,347,657.00
Full transfer details
Visit Wise
₩190,270 better than a typical bank*

"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."

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Dedicated support for large transfers
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Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (KRW)
₩9,138,400.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

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1
Instarem
Recipient gets (KRW)
₩9,366,100.00
Full transfer details
Visit Instarem
₩208,713 better than a typical bank*

"Most transfers are instant or same-day. Customers can earn rewards on every transaction."

Personal account manager
Multi-currency card
Receive to bank account
2
Wise
Recipient gets (KRW)
₩9,347,657.00
Full transfer details
Visit Wise
₩190,270 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
3
OFX
Recipient gets (KRW)
₩9,158,200.00
Full transfer details
Visit OFX
₩813 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
4
Xe
Recipient gets (KRW)
₩9,138,400.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (KRW)
₩9,412,245.54
Sponsored
Wise
Recipient gets (KRW)
₩9,347,657.00
Full transfer details
Visit Wise
₩190,270 better than a typical bank*

"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."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (KRW)
₩9,138,400.00
Full transfer details

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Best way to send: Wise

Wise is our top pick for sending JPY to KRW.

We tested & reviewed 6 money transfer companies offering services between Japan and South Korea, and Wise scored highly.

Sending 1,000,000 JPY to Wons will cost you ¥9974 in fees, and you will receive 9,347,657 KRW. The delivery time is within minutes.

So for a great mix of cost, speed & features, make your Japan to South Korea transfer using Wise.

Wise is the top rated company for sending money from Japan (JPY) to South Korea (KRW) - Wise Screenshot

How to send money from Japan to South Korea

Summary of recent searches

Top rated for transfers from Japan to South Korea
Wise
Total number of JP - KR providers
6
Average cheapest fees & rate
Panda Remit
Average fastest transfer
Wise
Average transfer time
Within minutes
Best for bank transfers
Panda Remit

Considerations when sending from Japan to South Korea

1
Compare providers

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 6 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 7 days, 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.

2
Understanding the Yen-Won exchange rate
3
Choose the right payment method
4
Financial regulations
5
Consider transfer limits
6
Receiving money from Yen in South Korea
7
Confirm the ID you need
8
Tax declarations

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

Panda Remit offers a combination of the lowest fees and best exchange rates - making it the cheapest transfer service for sending Yen to South Korea.

Of the 6 providers compared, data shows that Panda Remit is 0.2% cheaper than the second-best option.

The is cost is made up of JPY-KRW exchange rate that is 0.3% different to the mid-market rate and the a of 4 JPY.

If you want to secure the best rates on a JPY to South Korea transfer, Panda Remit will result in the most Won received.

Fastest money transfers from Japan to South Korea: Wise.

Of the 6 money transfer companies tested, Wise offered the quickest way to send Yens to South Korea.

Based on our recent data, transfer time for a ¥1,000,000 transfer to South Korea with Wise is within minutes. This can vary by amount and method, but it is a good point of reference.

Sending money from Japan to South Korea through Wise will cost you 9974 JPY in fees & small markup.

Wise was one of 6 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.

Wise is the fastest way to send money from Japan (JPY) to South Korea (KRW) - Wise Screenshot

Send large sums of money abroad with Currencies Direct

Transferring bigger amounts of money to South Korea from Japan needs a strong exchange rate and effective transfer management.

From the
6 options we compared, Currencies Direct offers the strongest all-round option for large transfers to South Korea from Japan.

Whatever the reason, sending large sums of money can be expensive if you get a bad exchange rate from Wons to Won.

As such, we recommend Currencies Direct for large South Korea transfers.

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 9.4681 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 7 days the JPY-KRW mid-market rate has been 9.4073 KRW per Yen, this has had a high of 9.4406 and a low of 9.3682.

  • From the 6 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 Panda Remit, just 4 JPY per transfer. 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.

Mid-market Rate
1 
=
9.468063 
KRW

Over the last 7 days, the average numbers are:

  • The exchange rate from JPY to KRW averaged 9.4073 KRW.

  • The highest value recorded was 9.4406 KRW, while the lowest was 9.3682 KRW.

  • 6 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 Panda Remit 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, Panda Remit is the cheapest money transfer provider for bank transfers from the 6 we tested when sending JPY to South Korea.

    With a fee of JPY4 to send money from Japan to South Korea, Panda Remit 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 .


    is a great choice for sending money with a debit card from Japan to South Korea. This is from the 6 money transfer companies compared.

  • Credit cards

    When it comes to credit card transfers from Japan to South Korea, we recommend comparing your options to get the best deal.

    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

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

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.
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