South Korea, officially known as Republic of Korea is a country in East Asia is highly urbanized. It is a developed country with high-income economy. Nearly 80% of Korean expats live in 3 countries - China, Japan and the United States. Korea also receives maximum foreign remittances from these 3 countries.
In year 2015, Korea received remittance inflow of $ 6.45 billion; the maximum share in this was sent by USA that was around $ 2.89 billion. Currency of South Korea is South Korean Won (KRW) but you can also send remittances to South Korea in US Dollar (USD).
When you want to send money to South Korea, you should explore various money transfer services available and compare those for exchange rate, fees, transfer time and offers. You should also check their reviews and the mid-market exchange rate. You can save lot of time and money by using a unified platform for all these - ExchnageRateIQ.
Top Money Transfer Services To Send Money To South-korea
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