South KoreaKRWSouth Korean Won
South Korea: KRW (Korean Won), 1 USD ~ 1,320-1,380 KRW (Bank of Korea 2024). No IBAN. KB Kookmin Bank (CZNBKRSE), Shinhan Bank (SHBKKRSE), KEB Hana Bank (KOEXKRSE). South Korea complies with UN sanctions and export controls; banks may be cautious — confirm the route with your ATM24 manager.
The route, the receiving bank and the payout amount are agreed before payment.
KRW to bank account via SWIFT. ATM24 conducts international transfers in South Korean Won (KRW) through available banking routes. IBAN format is not used in South Korea: for international transfers, you typically need the bank's SWIFT/BIC code, account number, and recipient's full name. Among the country's largest banks are KB Kookmin Bank (CZNBKRSE), Shinhan Bank (SHBKKRSE), and KEB Hana Bank (KOEXKRSE), which handle international transfers and correspondent settlements. The national currency is South Korean won (KRW) with a floating exchange rate; the 2024 reference rate was approximately 1 USD = 1,320–1,380 KRW, so it's best to check the current rate before transferring.
South Korea enforces UN sanctions and has implemented its own export and financial restrictions regarding Russia since 2022, so it's not accurate to say there are no direct restrictions on financial operations. Any specific transfer depends on the receiving bank, correspondent chain, and AML/KYC checks. ATM24 verifies the available route before payment. ATM24 commission starts at 0.9%; international transfer time is 2–4 business days.
Transfer to recipient's card in South Korea for personal use. Visa/Mastercard work throughout Korea; Kakao Pay and Samsung Pay are the leading systems in-country. KB Kookmin, Shinhan, Hana — largest ATM networks. Check with your ATM24 manager for the current route
SWIFT transfer in KRW to recipient's account in Korea — the primary method. SWIFT: KB Kookmin (CZNBKRSE), Shinhan (SHBKKRSE), KEB Hana (KOEXKRSE). Details: SWIFT code + account number + name (no IBAN). Important: confirm the route with your ATM24 manager based on the specific bank's policies
Cash for transactions in South Korea. KRW: 1 USD ~ 1,320-1,380 KRW (Bank of Korea 2024). Large denominations: 50,000 KRW (~36 USD), 10,000 KRW (~7 USD). Details on cash delivery: confirm with your ATM24 manager
KRW has limited convertibility outside Korea (traded offshore with restrictions). For transfers to South Korea via SWIFT to KRW through KB Kookmin (CZNBKRSE) or Shinhan (SHBKKRSE) — these are the main routes. South Korea: UN sanctions + own export controls, but no direct ban on financial transfers. Confirm the route with your ATM24 manager.
We accept RUB, USD, EUR and USDT — we pay out in KRW
RUB KRW
14.24per 1 RUB
10 000 ₽ = 142 388 KRWUSD KRW
1,261.48per 1 USD
100 $ = 126 148 KRWEUR KRW
1,390.77per 1 EUR
100 € = 139 077 KRWUSDT KRW
1,261.48per 1 USDT
100 USDT = 126 148 KRW| You send | Payout in KRW |
|---|---|
| 100 USDT | 126 148 KRW |
| 300 USDT | 378 445 KRW |
| 500 USDT | 630 742 KRW |
| 1 000 USDT | 1 261 483 KRW |
| 5 000 USDT | 6 307 417 KRW |
Where recipients usually get the money in South Korea
South Korea's largest bank by customer base. SWIFT CZNBKRSE. Accepts incoming KRW transfers. Advanced digital platform.
One of the four largest banks. SWIFT SHBKKRSE. Accepts SWIFT transfers in KRW and USD. Extensive international network.
Major state-owned bank. SWIFT HVBKKRSE. Accepts international transfers in KRW.
One of the country's largest banks. SWIFT KOEXKRSE. Accepts SWIFT transfers in KRW and USD; actively serves foreign clients.
NongHyup Bank — a local bank with standard account and cash services. Transfer availability depends on the details, currency, and bank rules.
National currency
The national currency is South Korean won (KRW) with a managed floating exchange rate.
Card systems
Visa and Mastercard operate through BC Card — the leading processing company. Shinhan, KB Kookmin, Samsung Card — largest local systems. KakaoPay, Samsung Pay, Naver Pay — leading digital wallets with massive audience reach.
Payment applications
Among the largest banks are KB Kookmin Bank (CZNBKRSE), Shinhan Bank (SHBKKRSE), and KEB Hana Bank (KOEXKRSE).
Interbank transfers
Bank of Korea — the country's central bank and primary regulator of the monetary and credit system. IBAN format is not used in South Korea: international transfers use the bank's SWIFT/BIC code, account number, and recipient's full name.
Financial regulator
In 2024, the reference rate was approximately 1 USD = 1,320–1,380 KRW, so use it as a guide only and verify the current rate.
Special considerations for ATM24
South Korea enforces UN sanctions and applies its own export and financial restrictions regarding Russia; there is no universal ban on all private transfers, but banks conduct enhanced compliance checks, so ATM24 verifies the available route in advance.
With an ATM24 transfer the recipient gives their own bank and details, so the money lands directly on the account.
Three steps from request to payout
Fill in the form or write to us on WhatsApp or Telegram — a manager will check the available route
We check the recipient details and confirm the route, rate, fee and payout amount
Once paid, the transfer goes out along the agreed route — we report the status in the messenger
We verify the exact details when agreeing the available route before payment.
Facts, not promises
You see the rate, the fee and the payout amount before you send the money.
The route, rate, fee and payout amount are agreed before payment.
Reference cities with payout locations. Availability of a specific location is confirmed in the request.
Confirm the city before payment
Only methods present in both the country description and the current route are shown.
Real stories from real people
Very good service, quick exchange and special thanks to manager Stanislav
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Exchanged non-cash rubles for Thai baht at a good rate, everything went very quickly, they found an ATM 2 minutes from the hotel. Thanks to manager Emil, he did his job a 5+. It's a pity you don't work 24 hours a day, I thought the number 24 meant that 😅
Read full reviewI've been exchanging through this exchanger for more than a year! Everything is always fast and hassle-free. Special thanks to the team for the attention and excellent service - it's a pleasure to deal with professionals!🙏🏼
Read full reviewMany thanks to the service and manager Stanislav. Helped withdraw money at the airport via ATM at a good rate, even though no exchange at the airport accepted rubles. You send rubles to the card, follow the instructions — cash in baht in hand, it's all clear if you read the instructions carefully.
Read full reviewWe agree the rate and the payout method before payment — pick where the money goes.
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Frequently asked questions about transfers to South Korea (KRW) and South Korean banking system features.
To send money to South Korea with payout in KRW through ATM24, prepare the recipient bank, name format, and account or card details. The manager checks KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, or the selected route, then confirms the amount, fee, and timing. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
For South Korea, a KRW payout can be checked through the recipient's bank account or supported card route. ATM24 verifies the name format, account or card details, and bank route for KB Kookmin Bank, Shinhan Bank, Hana Bank, or Woori Bank. Small differences in recipient spelling can matter, so the route is confirmed before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
KRW transfers to South Korea can be checked through KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NongHyup Bank. ATM24 reviews recipient-name format and account details before payment. The bank route is confirmed before the sender pays.
For a KRW transfer to South Korea, ATM24 checks recipient-name format, KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and account or card details. Name spelling can affect bank review. The manager confirms the KRW details before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
A KRW transfer to South Korea can start from 15 minutes when the bank route, name format, and account or card details are confirmed. KB Kookmin Bank, Shinhan Bank, Hana Bank, or Woori Bank can affect review time. ATM24 confirms timing before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
A KRW transfer to South Korea through ATM24 has a fee starting from 0.9%. KB Kookmin Bank, Shinhan Bank, Hana Bank, and Woori Bank may differ by recipient-name format and incoming-payment rules, so the route is checked before payment. Sender-side card or bank fees are separate from the ATM24 calculation. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
Yes, ATM24 can calculate a KRW transfer to South Korea when the sender pays by an available card, bank transfer, USDT, or another confirmed method. The manager checks KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, recipient-name format, and selected payout route. Sender-side fees are confirmed separately from the KRW amount. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
KRW transfers to South Korea through ATM24 start from 100 USD or the equivalent. Maximum amounts depend on KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, recipient-name format, and account or card route. The KRW limit is confirmed before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
For a large KRW transfer to South Korea, ATM24 reviews recipient-name spelling, bank-account details, and route limits for KB Kookmin Bank, Shinhan Bank, Hana Bank, or Woori Bank. Sender ID, source-of-funds information, and payment purpose may be requested. The manager confirms the KRW route before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
If you send 1000 USD to South Korea, the KRW payout depends on KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, card route, or account route: 1,261,483.39 KRW. ATM24 checks name format, fee from 0.9%, and exchange conditions. The final KRW amount is confirmed before payment. Bank-route examples for South Korea: KB Kookmin Bank, Shinhan Bank, Hana Bank, Woori Bank, and NH NongHyup Bank.
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