How to send money to South Korea from UK with the best GBP-KRW rate
Compare ways to send money from United Kingdom to South Korea. Find the cheapest, fastest, and most reliable providers with the best GBP to KRW exchange rates.
Read on for the best deals, expert information, and all you need to send money to South Korea from United Kingdom.
"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."
"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."
"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."
"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."
"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."
"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."
"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."
"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."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Card-to-card transfers can be received in just two minutes."
"Card-to-card transfers can be received in just two minutes."
"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."
"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."
"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."
"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."
"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."
"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."
Best option: Wise
We tested & reviewed 11 money transfer providers, and Wise scored highly in each category.
For example, sending 6,000 GBP to KRW will cost you £37.46 in fees, and you will receive 11,759,500 KRW. The delivery time usually is within minutes, but it depends on the day you make the transfer.
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 11 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: Panda Remit
Of the 11 providers compared, data shows that Panda Remit is 0.13% cheaper than the second-best option.
The is cost is made up of GBP-KRW exchange rate that is 0.3% different to the mid-market rate and the a of 4 GBP.
If you want to secure the best rates on a GBP to South Korea transfer, Panda Remit will result in the most Won received.
Fastest money transfers from United Kingdom to South Korea: Wise.
Based on our recent data, transfer time for a £6,000 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 the United Kingdom to South Korea through Wise will cost you 37.46 GBP in fees & small markup.
Wise was one of 11 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.
The best apps to send GBP to South Korea from United Kingdom
Most money transfer companies have apps you can use to send money abroad.
We've compared and analyzed over 11 apps & companies for GBP/KRW transfers and these are the best apps we found. All these apps are available on iOS and Android for free.
App | Rating | Mobile wallet |
|---|---|---|
iOS: 4.6 / 951 reviews Android: 3.7 / 1.06K reviews | Yes (17 currencies) | |
iOS: 4.8 / 2.6K reviews Android: 4.4 / 4.19K reviews | Yes (30+ currencies) | |
iOS: 4.9 / 2.3M reviews Android: 4.8 / 1.29M reviews | Yes (Remitly One) | |
iOS: 4.8 / 158K reviews Android: 4.8 / 1.52M reviews | Yes (40+ currencies) | |
iOS: 4.8 / 108.4K reviews Android: 4.8 / 346K reviews | No | |
iOS: 4.9 / 936K reviews Android: 4.8 / 3.64M reviews | Yes (39 currencies) |
Need to send over £10,000 from the UK? TorFX is your best option
Opt for a service proven with large transfers when size matters. For transfers over £10,000, your best option is TorFX.
While TorFX may not always be the cheapest or fastest way to send GBP to South Korea, they will keep you safe and relaxed while your money moves into KRW.
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 1,975.3247 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 week has averaged 1,964.3512 KRW per Pound Sterling, hitting a high of 1,973.6893 and a low of 1,956.4268.
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. Panda Remit currently offers lowest fees of 4 GBP. 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 7 days, the average numbers are:
The exchange rate from GBP to KRW averaged 1,964.3512 KRW.
The highest value recorded was 1,973.6893 KRW, while the lowest was 1,956.4268 KRW.
11 providers currently offer transfers between the United Kingdom and South Korea close to this rate.
Want to secure the best GBP-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 United Kingdom to South Korea!
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 Panda Remit for transfers from the United Kingdom to South Korea, allows for sending via a bank transfer while benefiting from lower fees and more favorable exchange rates.
From the 11 we tested, the cheapest provider for bank transfers from GBP to South Korea is Panda Remit.
With the fee of GBP4 to send money from the United Kingdom to South Korea, Panda Remit 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
We recommend using a bank transfer or a debit card deposit instead of a credit card, as many companies do not allow direct deposits with a credit card and are usually more expensive.
If you absolutely need to deposit with a credit card, we recommend running a to find the company that fits your needs.
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 and review methodology.
Related transfer routes
Send money from United Kingdom
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How long does it take to send money from United Kingdom to South Korea?
What is the best exchange rate I can get for sending money from United Kingdom to South Korea?
Are there any minimum or maximum transfer amounts for sending money from United Kingdom to South Korea?
Can I schedule regular transfers between United Kingdom and South Korea?
Tools & resources
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