{"type":"document","data":{"contentType":"onecms:productPage","flexPageMetadata":{"afmBanner":false,"description":"Do you want to transfer money to South Korea? On this page we explain how it works.","robotInstruction":{"noFollow":false,"noIndex":false}},"flexZone":{"flexComponents":[{"componentType":"paragraph","richBody":{"value":"<ul><li><span><span><span><span><span><span><span><span>Go to the app, click on ‘Transfer’ and click on the globe icon in the top right corner. Or log in to My ING and go to the transfer screen.</span></span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span><span>Choose the country and the currency you want to send</span></span></span></span></span></span></span></span></li><li><span><span><span><span><span><span><span><span>After you have entered the amount and choose how you want to split the cost, you will immediately see an estimate of the price and exchange rate.</span></span></span></span></span></span></span></span></li></ul>"},"title":"Here is how it works"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span><span>For the South Korean won, there is a special rule: you must enter an amount without decimals.</span></span></span></span></span></span></span></span></p>"},"title":"Amount"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span><span>World payments come with a <a href=\"http://ing.nl/en/personal/payments/rates/abroad\">fee</a>. If you choose the OUR cost option, you cover all the costs, and the recipient will not be charged by their bank. ING adds an OUR surcharge for this. For South Korea, that is €25.</span></span></span></span></span></span></span></span></p>"},"title":"Costs"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span><span>Want to know how long your transfer will take? Check out the <a href=\"https://www.ing.nl/en/personal/payments/payments-abroad/processing-time-foreign-payments\">processing times</a>.</span></span></span></span></span></span></span></span></p>"},"title":"Processing time"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span>South Korean banks do not use a standard account format like IBAN. Therefore, make sure you double-check the account number before sending.</span></span></span></span></p>"},"title":"Account number"},{"componentType":"paragraph","richBody":{"value":"<p><span><span><span><span><span><span><span><span>The South Korean won (KRW) has some restrictions. You can not receive payments in KRW, and you can only send KRW to account holders in South Korea.<br />Business payments and so-called capital payments can only be made in USD or EUR, and therefore not in KRW. This includes rent payments, donations, capital funds, loans and operating funds, which are usually seen as capital payments.<br />If in doubt, contact the recipient’s bank. </span></span></span></span></span></span></span></span></p>"},"title":"Restrictions"},{"componentType":"linkList","iconTitle":{"title":"Payments"},"textLinks":[{"text":"Bank accounts","url":"/en/personal/payments/bank-accounts"},{"text":"Mobile payments","url":"/en/personal/payments/pay-with-your-phone"},{"text":"Transfer money","url":"/en/personal/payments/money-transfers"},{"text":"Credit cards","url":"/en/personal/payments/creditcards"},{"text":"Debit cards","url":"/en/personal/payments/debit-cards"},{"text":"Cash","url":"/en/personal/payments/cash"},{"text":"Payments abroad","url":"/en/personal/payments/payments-abroad"},{"text":"Switch from your current bank to ING","url":"/en/personal/payments/switch-to-ing"},{"text":"Payment product rates overview","url":"/en/personal/payments/rates"},{"text":"Compare packages","url":"/particulier/betalen/bankrekeningen/pakketvergelijken"}]}]},"hasMacro":false,"id":"34e17539-9620-4c28-b913-2a35e0c8a257","localeString":"en-GB","mainHeaderZone":{"backLink":{"textLink":{"text":"Paying abroad","url":"/en/personal/payments/payments-abroad"}},"componentType":"productHeader","coreHeader":{"body":"Want to send money to South Korea? This page explains how it works.","headerImage":{"altTextDE":"\"\"","altTextEN":"\"\"","altTextFR":"\"\"","altTextNL":"\"\"","extension":"jpg","original":"https://assets.ing.com/m/1acc6bfeb0d1e6d6/original/Business-woman-walks-downhill-on-the-streets-of-seoul.jpg","transformBaseUrl":"https://assets.ing.com/transform/2b7cec69-32a3-42e5-8005-4f1538f75831/Business-woman-walks-downhill-on-the-streets-of-seoul","type":"image","width":3363},"title":"South Korea"}},"publishDate":"2025-10-31T11:31:26.498+01:00"}}