Send money to South Korea
Send money from Singapore to South Korea using our secure online platform. Get started today with no signup fees and zero monthly fees.
Start saving on money transfers to South Korea
The above FX rate includes our standard customer margin. For payments made using SWIFT, we charge a fee from SGD $20, which is not factored in with this cost. You can avoid SWIFT fees by using other payment options. For more information, please review our Fee Schedule and Country Payout Guide.
Regulated by MAS
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541)
“Enables businesses to manage cross-border payments easily and cheaply”
“Massively simplifies the challenge of doing business overseas”
“Australia’s fastest growing $1 billion dollar start up”
“Airwallex is the highest ranked Australian firm at #32” - Top Global 100 Fintech
The fastest way to send money to South Korea
Send money fast & in full
Simply load your wallet, convert SGD into KRW and send your payment. Your payment will be received in two business days or less.
Simple, low fees
Pay just 0.6% above our transparent, interbank exchange rate when converting Singapore Dollar into South Korean won. No international transaction fees, no sign up fees.
Pay your suppliers like a local
Free up cash flow by paying your suppliers via the local clearing system, meaning your funds spend less time in transit and more time in your account.
How to send money to South Korea from Singapore
Fund your wallet
Deposit SGD directly into your wallet using your online banking.
Convert funds to KRW
We use the real mid-market conversion rate, with your funds available instantly.
Send your payment
Your money will be received by your recipient in one business day or less.
How long will a money transfer to South Korea take?
Airwallex can help you pay suppliers, staff and businesses in South Korea within one business day or less. We transfer funds using South Korea's local banking network so your KRW payments are received fast, and in full.
How much does an international transfer cost?
Our base rate + 0.4% fees
Our base rate + 0.6% fees
Sending non-local currencies overseas (e.g. USD to Australia)? We can still help but we will need to use the SWIFT network and charge a small payment fee from SGD $20. This is to cover the cost of using the SWIFT network for SHA payments.
* CNY has an additional 0.1% payout fee. Will require additional information to enable, please speak to one of our product specialists.
** To pay suppliers in these currencies, please speak to one of our product specialists.
Security is at our core
Protected
We work with world-class security providers to ensure your funds and accounts are secure at all times.
Highest standards
Airwallex meets the highest international security standards including PCI DSS, SOC1, and SOC2 compliance, in addition to our local regulatory requirements.
Security first
Our modern infrastructure allows us to implement best-in-class security controls which are monitored 24/7 to keep your account safe.
Compliant
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541).
Hear what our customers say about Airwallex
“Singapore is a small market. Businesses who wish to make decent earnings have to export to other markets, at some point. Airwallex has accelerated our international expansion and enabled us to set up new overseas business accounts very easily.”
Emily Chu
Co-founder of Hey! Chips
"Airwallex is an innovative fintech platform with a first-class customer support team. They transformed the previously painful process of creating corporate cards and managing business accounts into something simple, convenient, and cost-effective. The onboarding was quick and smooth, the security features exceeded our expectations, and most importantly, it is really easy to use. Airwallex saves a lot of my team's time and the simplicity is genius."
Gavin Black
Interim CEO & Chief Financial Officer, PURE Group
“The new Expense Management system has been a real time saver for us in relation to the administration of our benefits program. Team members can upload receipts as they shop and we are able to clear our reconciliations much faster this way.”
Tanya Karolia
Payroll & Benefits, Linktree
I’m so thankful that Airwallex exists! Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank. We save so much money with Airwallex! In just a few months, we've already saved more than SGD$13,000 in unnecessary fees!
Jennifer Chong
CEO, Linjer
"Airwallex has been a wonderful partner, supporting our FX needs with its highly digital, friendly user interface and responsive account managers.
Martin Tang
Co-Founder & CFO, Genesis
"Airwallex has been a game changer for all our banking needs. As a fast-growing startup, we need a scalable yet cost-efficient batch payment solution to pay our employees and vendors both inside and outside Hong Kong. Airwallex helps us save money on every bank transfer with their near-zero transaction fee and market-beating FX rates. We also use Airwallex’s multi-currency Visa cards for business travel expenses and SaaS subscriptions to avoid hidden bank fees that would otherwise have been difficult to spot. Would highly recommend other startups to get started with Airwallex!"
Henson Tsai
Founder, SleekFlow
"Airwallex's global payment solutions help us to save costs on international transaction fees & FX, fostering our mission to increase access to healthy period care that's better for our bodies and the planet."
Becks Bradley
Marketing and Development Director, LUÜNA naturals
"Airwallex has been great for our team - it makes payments and transfers so much easier, and has saved us significant amounts of time compared to what we were doing before with HSBC. Airwallex's platform is easy to use and very intuitive. Airwallex virtual card has solved most of our painpoints with sharing corporate card numbers and credit card limits. The best part is being able to save money on all our monthly bank transfers, and we've already saved thousands of dollars by using Airwallex. Airwallex's support has also been highly responsive to troubleshoot any issues in a timely manner."
Sarah Chang
Co-founder & COO, Forkast.News
You don't need a bank to run your business
Start winning new markets today. Open an account in minutes, and join thousands of businesses already using Airwallex to streamline their finances globally.