Send money to South Korea

Fast, low-cost, and secure online money transfers from Malaysia to South Korea.

Regulated by Central Bank of Malaysia
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Trusted by 10 million customers
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  • 0 MYR
  • 15.64 MYROur fee
  • 15.64 MYRTotal fees
  • =
    984.36 MYRTotal amount we’ll convert
  • ×
    319.412

Should arrive by Monday

Get started

Save when you send money to South Korea

The cost of your transfer comes from the fee and the exchange rate. Many high street banks offer “no fee”, while hiding a markup in the exchange rate, making you pay more.

At Wise, we’ll never do that. We only use the mid-market exchange rate, and show our fees upfront. This table compares the fees you’d really pay when sending money with the most popular banks and providers, or with us.

How do we select providers and collect this data?
Sending 1,000 MYR withRecipient gets(Total after fees)
Wise
314,416 KRW
Transfer fee
15.64 MYR
Exchange rate(1 MYR KRW)
319.412
Exchange rate markup
0 MYR

Cost of transfer
15.64 MYR

Public Bank
270,376 KRW- 44,041 KRW
Transfer fee
32 MYR
Exchange rate(1 MYR KRW)
279.314
Exchange rate markup
125.54 MYR

Cost of transfer
157.54 MYR

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How to send money to South Korea in 3 easy steps

Large amount of currency illustration

Get dedicated support for large transfers

Moving big money? Get our how to guide and start a chat with our team of large-amount experts.

Get started with large transfers

How to send money to South Korea from Malaysia

How to send money to South Korea from Malaysia

  1. Just tap in how much, and where to.
  2. Then make a local payment to Wise, whether it's with a bank transfer, Swift or your debit or credit card.
  3. And that's it.

Wise converts your money at the 'inter-bank' rate – the real rate – so you save big time (even versus the guys saying there's 'zero' commission). On Wise, there's no room for sneaky bank surcharges or creeping hidden charges.

How much does it cost to transfer money to South Korea?

Pay a small, flat fee and percentage

To send money in MYR to South Korea, you pay a small, flat fee of 7.64 MYR + 0.81% of the amount that's converted (you'll always see the total cost upfront).


Fee depends on your chosen transfer type

Some transfer types have different fees which are usually tiny.


No hidden fees

No big fees, hidden or otherwise. So it's cheaper than what you're used to.

Wise
Fees for our low cost transfers
Fixed fee
7.64 MYR
Variable feeup to 110,696.20 MYR/month
0.81%
Variable feemore than 110,696.20 MYR/month

How long will a money transfer to South Korea take?

A money transfer from Malaysia (MYR) to South Korea (KRW) should arrive by Monday. Sometimes transfer times can differ based on payment methods or verification changes. We’ll always keep you updated, and you can track each step in your account.

On many popular routes, Wise can send your money within one day, as a same day transfer, or even an instant money transfer.

Your transfer route

MYR
KRW

Should arrive

by Monday

What you’ll need for your online money transfer to South Korea

Best ways to send money to South Korea

Trust Wise with safe & secure money transfers to South Korea

Safeguarded with leading banks

We hold your money with established financial institutions, so it’s separate from our own accounts and in our normal course of business not accessible to our partners. Read more here.

Extra-secure transactions

We use 2-factor authentication to protect your account and transactions. That means you — and only you — can get to your money.

Data protection

We’re committed to keeping your personal data safe, and we’re transparent in how we collect, process, and store it.

Dedicated anti-fraud team

We work round the clock to keep your account and money protected from even the most sophisticated fraud.

Online scams are on the rise. Learn how to stay safe.

Send money to South Korea from Malaysia with the Wise app

Looking for an app to send money to South Korea? Sending money is easy with Wise app.

  • Cheaper transfers abroad - free from hidden fees and exchange rate markups.
  • Check exchange rates - see on the app how exchange rates have changed over time.
  • Repeat your previous transfers - save the details, and make your monthly payments easier.
Learn more about the Wise app

See why customers choose Wise for their international money transfers

It’s your money. You can trust us to get it where it needs to be, but don’t take our word for it. Read our reviews at Trustpilot.com.

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