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Compare today's LAK to KRW (Lao Kip to South Korean Won) exchange rates

Laos
South Korea
LAK

Interbank Exchange Rate: 1 LAK = 0.0680 KRW
Updated about an hour ago

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All you need to know about Lao Kip to South Korean Won money transfers

Easily compare money transfer providers in one place to send money from Laos to South Korea. Send money overseas to your loved ones by comparing Lao Kip (LAK) to South Korean Won (KRW) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Laos.

Were you looking to send money from South Korea to Laos instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest LAK to KRW Conversion Rates

Here are some latest LAK to KRW (Lao Kip to South Korean Won) exchange rates for popular conversion amounts*.

1 LAK0.07 KRW
5 LAK0.34 KRW
10 LAK0.68 KRW
25 LAK1.70 KRW
50 LAK3.40 KRW
100 LAK6.80 KRW
150 LAK10.20 KRW
200 LAK13.60 KRW
250 LAK17.00 KRW
300 LAK20.40 KRW
400 LAK27.20 KRW
500 LAK34.00 KRW
600 LAK40.80 KRW
700 LAK47.60 KRW
800 LAK54.40 KRW
1,000 LAK68.00 KRW
1,500 LAK102.00 KRW
2,000 LAK136.00 KRW
2,500 LAK170.00 KRW
3,000 LAK204.00 KRW
4,000 LAK272.00 KRW
5,000 LAK340.00 KRW
10,000 LAK680.00 KRW
15,000 LAK1,020.00 KRW
20,000 LAK1,360.00 KRW
30,000 LAK2,040.00 KRW
40,000 LAK2,720.00 KRW
50,000 LAK3,400.00 KRW
100,000 LAK6,800.00 KRW

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to South Korea from Laos?

There are many good choices when it comes to sending money from Laos to South Korea. The RemitFinder remittance comparison engine compares many different remittance service providers to give you several options. You can easily compare these providers to get the best remit rates on your Lao Kip to KRW money transfers.

We compare different remittance companies to bring you the best options to send money to South Korea from Laos. All these companies are vetted by our team that has expertise in evaluating foreign exchange providers. Our trusted partners work hard to bring our customers the best rates so you benefit the most.

Additionally, we bring you access to exclusive deals and promotions from our partners. These offers will help you maximize the yield on your Lao Kip to South Korean Won money transfers. You can take advantage of these deals and make the most of your hard earned money.


How to get the best exchange rate for your money transfers from Laos to South Korea?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your LAK to South Korean Won money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Laos to South Korea. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for LAK to KRW remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Laos to South Korea?

The final amount your recipient gets when you send LAK to KRW is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Laos to South Korea used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send South Korean Won is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Lao Kip to South Korea exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


How to send money from Laos to South Korea through a bank?

Bank transfers have been a traditionally popular way to send money overseas from Laos to South Korea. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the LAK to KRW exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Laos bank for your South Korea money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


What is the fastest way to do a money transfer to South Korea from Laos?

It could be a stressful experience if you need to rush money quickly from Laos to South Korea. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?

First, you should ensure that you are picking the right payment method to convert LAK to KRW. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.

Similarly, on the receiving side, your recipient also has multiple options to collect their monies in South Korean Won. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.

Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Laos to South Korea money transfers.


Which are the best money transfer companies to send money to South Korea from Laos?

Since the Lao Kip to South Korean Won money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Laos that may also be able to send money to South Korea. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your LAK to KRW money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in South Korea gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Laos to South Korea transaction.


Step by step guide to do a money transfer from Laos to South Korea

With so many possible ways to transfer Lao Kip to South Korean Won, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Laos to South Korea remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Laos and the receiver in South Korea. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your LAK to South Korean Won money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.