How to send money to the US from South Korea with the best KRW-USD rate
Get the best deals when you transfer from South Korea to United States. Find the cheapest, fastest, and most reliable providers with the best KRW to USD exchange rates.
Read on for the best deals, expert information, and all you need to send money to United States from South Korea.
Transferring the other way? Send USD from United States to South Korea instead.
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"Western Union agents help you send money from a wide variety of countries. Find a local branch near you to deposit cash and send your funds abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"With MoneyGram you can send money globally. Find a local MoneyGram branch near you to deposit and send cash abroad."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
"If you and the person you are sending money to both have PayPal apps, you can quickly and easily send money between each other."
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
Best choice: Western Union Agent
We tested & reviewed dozens of money transfer providers, and Western Union Agent scored highly.
Transferring 370,000 KRW to USD will cost you ₩3 in fees, and you will receive 238.67 USD. The delivery time is minutos - 5 días, but it depends on the day you make the transfer.
So for a great blend of cost, speed & features, make your South Korea to the United States transfer using Western Union Agent.
How to get the best deal on sending money from South Korea to United States
Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from South Korea to United States.
Choose a provider
Select the provider that offers you the best value & service for transfers between South Korea and United States.
Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to the United States.
Summary of recent searches
Get the most from sending money from South Korea to United States
Comparing providers offering services between South Korea and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire KRW-USD market and have compared 4 providers offering services between South Korea and the United States.
This ensures you will get the most comprehensive options for sending Won to the United States.
Whilst we rate Western Union Agent as the best overall for transfers between the two countries, comparing gives you the best idea for your specific South Korea to the United States transfer needs.
The fastest way to send money to US from South Korea is by sending cash
Cash transfers are almost instant in most cases.
However, in some cases, it can take a few days to process, depending on your branch, how much you are sending, and the deposit method you use.
Considering there aren’t many KRW/USD transfer options available, this is by far the fastest way to do it.
The cheapest way to to send money to US from South Korea is via PayPal P2P Transfer
The coverage of KRW/USD transfer options is very limited, therefore, PayPal’s P2P transfer service is one of the cheaper options you have, along with cash transfer via Western Union and MoneyGram.
With PayPals P2P transfer, the main cost is the conversion between currencies, which can go as high as % on top of the mid market rate, as well as a KRW transfer fee.
You can also opt to use a cash transfer via MoneyGram or Western Union, which are cheaper in some cases (depending on the amount, deposit method, and your branch).
Sending a large amount of money?
Of the 4 providers compared, Western Union Agent is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Western Union Agent may not always be the fastest or cheapest way to send money from South Korea to United States, it's a great provider for things like buying or selling property.
Understanding the cost of money transfers from South Korea to United States
The total cost of sending money to United States from South Korea is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for KRW-USD is 0.0007 USD per Won.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Wons.
Over the last 7 days, the average KRW-USD mid-market rate has seen each Won worth 0.0007 USD. Within this we see a high of 0.0007, and a low of 0.0007.
Of the 4 companies compared, Panda Remit offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting KRW to USD.
Fees: When sending money you may have to pay fees. Panda Remit costs 4 KRW per transfer at the moment, which is the cheapest option of the 4 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from South Korea.
Track the exchange rate for Won to US Dollar
Sending money at the right time between KRW and USD can make a huge difference to overall cost. The exchange rate impacts how much USD you get for your KRW.
Over the last 7 days, the average numbers are:
The exchange rate from KRW to USD averaged 0.0007 USD.
The highest value recorded was 0.0007 USD, while the lowest was 0.0007 USD.
4 providers currently offer transfers between South Korea and the United States close to this rate
Want to secure the best KRW-US Dollar exchange rates?
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South Korea to United States money transfer payment methods
Bank transfers
Bank transfers are often the best payment method for money transfers from South Korea to the United States.
A money transfer company like Panda Remit offer bank transfers between South Korea and the United States with lower fees and better exchange rates than you would get from a traditional bank.
On average, Panda Remit is the cheapest provider for bank transfers of the 4 we tested when sending KRW to the United States.
Panda Remit has a fee of 4 KRW for money transfers from South Korea to the United States. Overall, they offer a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from South Korea to the United States with a debit or a prepaid card is very simple with Western Union Agent.
Western Union Agent is a leader in debit card payments for transfers from South Korea to the United States, competing among a total of 4 active money transfer companies on this route.
Credit cards
We recommend avoiding credit cards where possible due to a lack of support and high fees.
If you have to use a credit card, we to find the company with the lowest fees.
Fee alert: using a credit card to transfer money can result in a fee being charged by your card issuer as it is considered as a cash advance. 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 United States and South Korea.
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 South Korea to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send KRW to USD.
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
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How long does it take to send money from South Korea to United States?
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Are there any minimum or maximum transfer amounts for sending money from South Korea to United States?
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