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Best option: Wise
We tested & reviewed 15 money transfer providers, and Wise scored highly in each category.
Over the last six months, Wise appeared in 85.7% of United Kingdom to South Korea searches, and was the top rated company supporting money transfers between GBP and KRW.
For a great mix of cost, speed & features, transfer from United Kingdom to Won using Wise.
How to compare companies offering money transfers from United Kingdom to South Korea
- Always compare rates
Use our live comparison tool to make sure you aren't missing the best rates to send money from the United Kingdom to South Korea. This ensures the best price.
- Choose a provider
Select the company that offers you the best value & options for sending to South Korea.
- Click, sign up & send
Sign up & make your transfer. Your funds will soon be on their way from the United Kingdom to your chosen country & currency.
Summary of recent searches
Considerations ahead of sending money from United Kingdom to South Korea
A comparison of providers offering services between the United Kingdom and South Korea, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 15 providers that provide services for sending Pound Sterling to South Korea. This ensures you will get the best options for your transfer to South Korea from the United Kingdom.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United Kingdom to South Korea.
Cheapest way to transfer money to South Korea from the United Kingdom: Revolut
Of the 15 providers compared, data shows that Revolut is % cheaper than the second-best option.
The is cost is made up of an average GBP-KRW exchange rate that is 0.02% different to the mid-market rate and an average fee of 0* GBP.
If you want to secure the best rates on a GBP to South Korea transfer, Revolut will result in the most Won received.
*The most common fee applied to GBP-KRW by Revolut, based on data from the past six months.
Fastest money transfers from United Kingdom to South Korea: Wise.
Through our comparison, we found Wise to be the fastest option to transfer money from the United Kingdom to Won in 85.7% of instances.
Over the last six months, sending money from the United Kingdom to South Korea through Wise have an average fee of 24.05 GBP.
Wise was one of 15 money transfer providers we compared for overall speed of sending money from the United Kingdom to South Korea. This speed test included depositing Pound Sterlings 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 United Kingdom to South Korea.
Transferring large sums of money
Of the 15 money transfer companies tested, Wise is the strongest option for large transfers from the United Kingdom to South Korea.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from the United Kingdom to South Korea can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to GBP because they offer a strong all-round product.
Understanding the costs involved when transferring money to South Korea from United Kingdom
When calculating the cost of sending money from the United Kingdom to South Korea, a combination of fees and exchange rates ensure the best deal:
The Mid-Market and Exchange Rates: The current GBP-KRW mid-market rate is 1,802.6234 KRW per Pound Sterling. Finding a provider as close to this number as possible will ensure more Won for your money.
As a comparison, the GBP-KRW mid-market rate for the past three months has averaged 1,758.5205 KRW per Pound Sterling, hitting a high of 1,792.8833 and a low of 1,739.334.
Wise is currently offering the best exchange rate on transfers between the United Kingdom and South Korea.
Often the GBP-KRW exchange rate you receive will be the biggest factor impacting the cost of sending Pound Sterling to South Korea.
Fees: Transfer fees are charged on top of a transfer. Revolut currently offers lowest fees, at an average of 0 GBP over the last 6 months. Although, we recommend searching for your exact send amount for an exact fee.
Amount Received: The total amount received in Won is the biggest indicator in the total cost of sending money to the United Kingdom from South Korea. The higher the total amount received in South Korea, the lower the cost of sending from the United Kingdom.
Track the exchange rate for Pound Sterling to Won
Sending money at the right time between GBP and KRW can make a huge difference to overall cost. The exchange rate impacts how much KRW you get for your GBP.
Over the last six months, the average numbers are:
The exchange rate from GBP to KRW averaged 1,758.5205 KRW.
The highest value recorded was 1,792.8833 KRW, while the lowest was 1,739.334 KRW.
15 providers currently offer transfers between the United Kingdom and South Korea close to this rate.
Want to secure the best GBP-Won exchange rates?
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Funding your United Kingdom to South Korea transfer
Bank transfers
The default option for sending money from the United Kingdom to South Korea is often a bank transfer.
Using a money transfer company such as Revolut for transfers from the United Kingdom to South Korea, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates.
From the 15 we tested, the cheapest provider for bank transfers from GBP to South Korea is Revolut.
With an average fee of GBP0 to send money from the United Kingdom to South Korea, Revolut offers a great combination of competitive exchange rates and lower fees.
Prepaid and debit cards
Sending money from the United Kingdom to South Korea with a prepaid or debit card is easy with Wise.
Wise is a leader in accepting card payments for transfers between the United Kingdom and South Korea.
Credit cards
Xe is the best money transfer company of the 15 compared for credit card transfers from the United Kingdom to South Korea
Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. 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 United Kingdom.
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 United Kingdom to South Korea.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send GBP to KRW.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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