Compare today's KRW to KPW (South Korean Won to North Korean Won) exchange rates
📈 South Korea to North Korea Money Transfer Snapshot Today
- Number of money transfer providers compared: 0
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real KRW to KPW exchange rate before providers add their margin or fees. exchange rate: 1 KRW = KPW 0.6016 (Updated about an hour ago)
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💡What today's KRW-KPW exchange rates mean for you
Compare today's KRW-KPW exchange rates and send money from South Korea to North Korea after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
KRW-KPW exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final KPW payout that your recipient gets in North Korea.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your South Korea to North Korea remittances.
🔄 Looking for the reverse corridor? Send money from North Korea to South Korea instead.
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 South Korea.
Latest KRW to KPW Conversion Rates
Here are some latest KRW to KPW (South Korean Won to North Korean Won) exchange rates for popular conversion amounts*.
| 1 KRW | 0.60 KPW |
| 5 KRW | 3.01 KPW |
| 10 KRW | 6.02 KPW |
| 25 KRW | 15.04 KPW |
| 50 KRW | 30.08 KPW |
| 100 KRW | 60.16 KPW |
| 150 KRW | 90.24 KPW |
| 200 KRW | 120.32 KPW |
| 250 KRW | 150.40 KPW |
| 300 KRW | 180.48 KPW |
| 400 KRW | 240.64 KPW |
| 500 KRW | 300.80 KPW |
| 600 KRW | 360.96 KPW |
| 700 KRW | 421.12 KPW |
| 800 KRW | 481.28 KPW |
| 1000 KRW | 601.60 KPW |
| 1500 KRW | 902.40 KPW |
| 2000 KRW | 1,203.20 KPW |
| 2500 KRW | 1,504.00 KPW |
| 3000 KRW | 1,804.80 KPW |
| 4000 KRW | 2,406.40 KPW |
| 5000 KRW | 3,008.00 KPW |
| 10000 KRW | 6,016.00 KPW |
| 15000 KRW | 9,024.00 KPW |
| 20000 KRW | 12,032.00 KPW |
| 30000 KRW | 18,048.00 KPW |
| 40000 KRW | 24,064.00 KPW |
| 50000 KRW | 30,080.00 KPW |
| 100000 KRW | 60,160.00 KPW |
*Based on the Mid-market Exchange Rate
What's the best way to send money from South Korea to North Korea?
With the global remittance market booming, there are so many choices for South Korean Won to KPW money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to North Korea from South Korea. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final KPW amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best exchange rate for sending money from South Korea to North Korea?
With ever changing remittance exchange rates, and umpteen new companies and startups to send money abroad coming up, it may seem hard at first to decide when to send money and which company to choose from for your South Korea to North Korea transfers.RemitFinder provides a single place to compare many options so you can quickly and easily decide who to go with. Compare various banks, foreign exchange specialists, Fintech startups, remittance service providers, multi currency bank accounts and others in a single view to maximize the return on your KRW to North Korean Won international money transfers.
To help save your precious time and hard earned money, we also created the RemitFinder exchange rate alert. This is a totally free notification that will keep you updated daily on the latest South Korean Won to North Korean Won exchange rates and ongoing deals and promotions. You can sign up for our rate alert and start saving now.
What's the cheapest way for transferring money to North Korea from South Korea?
Finding the cheapest way to send money from South Korea to North Korea might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer KRW to KPW via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum South Korea to North Korea exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
Should I use my bank to transfer money from South Korea to North Korea?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low KRW to KPW exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on South Korea to North Korea money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to North Korea from South Korea. They do this by letting you fund your transaction through your local bank account in South Korea, and by allowing you to choose the payout to be your recipient's bank account in North Korea. But, you are likely to get much better rates and lower fees compared to your bank.
What is the fastest way to do a money transfer to North Korea from South Korea?
The speed of your South Korean Won to North Korean Won funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert KRW to KPW. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.
One possible approach that will help you send money fast to North Korea from South Korea is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in North Korea if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.
One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout KPW into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than South Korea bank to North Korea bank transfer.
Which are the best money transfer companies to transfer money to North Korea from South Korea?
South Korea to North Korea money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach North Korea as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.
Once you have defined your parameters, selecting the best South Korean Won to North Korean Won money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.
Step by step guide to do a money transfer from South Korea to North Korea
Sending money internationally is very common these days, especially given the large communities of expats living abroad. If you are one of them, and need to send money from South Korea to North Korea, then please continue to read.One of the hardest things in the foreign currency transaction world is to find the best company to move your money abroad. There are so many choices to remit funds from South Korea to North Korea that you may feel a bit lost. This is where RemitFinder comes in. You can relax as we do all the hard work to search and compare numerous money transfer companies for you.
Once you identify your provider of choice, follow the below step by step guide to send money.
- Provide your name, address, photo ID and other related information as part of the signup process. Forex companies are regulated to ensure that your money is safe, so providing this information ensures compliance laws are adhered to.
- Provide information about the receiver - name, address and a bank account in North Korea where they can receive monies in North Korean Won.
- Then, provide details of your South Korea bank account so you can transfer the funds to the provider to allow them to do the transaction on your behalf.
- Finally, select the amount you want to transfer, and click Send.
- The provider will start your transaction, and keep you updated on the progress of your transfer.