Money transfer · CAD → KRW · from Toronto
Send money to South Korea.
Send Canadian dollars to bank accounts in Seoul, Busan and across South Korea, delivered in won. Won is priced individually by our dealer for each transfer — call or request a quote and you get a firm rate before you send.
Get your South Korean won rate
South Korean won are priced by our dealer for each transfer, so you get a firm rate before you send — usually within minutes during business hours.
- Tell us the amount in CAD or KRW
- We quote and lock your rate
- Pay us, and we wire it to South Korea
What you need from your recipient
Recipient's full name in English
As registered with their Korean bank (Korea does not use IBANs).
Bank account number
Their Korean account number, exactly as printed on their bankbook or app.
Bank name and SWIFT code
For example the 8- or 11-character SWIFT/BIC code of their bank.
Recipient's phone and address
Korean banks often require them for incoming international payments.
Purpose of the transfer
For example family support, tuition or a business payment.
How sending money to South Korea works
Quote & lock
Tell us the amount and we quote CAD → KRW off the interbank rate, with no commission. The rate is fixed when you book.
MinutesVerify & pay
Government photo ID, and source of funds on larger amounts, as FINTRAC requires. Pay by e-transfer, EFT, wire, cheque or at our office.
Same dayWe send it
We wire South Korean won to your recipient's account in South Korea and send you written confirmation with the reference.
Usually 1–2 business daysWhy Toronto sends money to South Korea
Whatever the reason, you get a real dealer, a firm rate before you send, and a documented transfer from a FINTRAC-registered Money Service Business (MSB M23907027).
- Family support
- Tuition and living costs for students in Korea
- Business and supplier payments
- Property and investment transfers
- Moving savings when relocating
Send money to other countries
All destinations →- Send money to England CAD → GBP · British pounds 1 CAD = 0.5242 GBP
- Send money to the USA CAD → USD · US dollars 1 CAD = 0.7080 USD
- Send money to Germany CAD → EUR · euros 1 CAD = 0.6192 EUR
- Send money to Dubai CAD → AED · UAE dirhams 1 CAD = 2.6103 AED
- Send money to Mexico CAD → MXN · Mexican pesos Rate quoted by our dealer
- Send money to China CAD → CNY · Chinese yuan 1 CAD = 4.7192 CNY
- Send money to the Philippines CAD → PHP · Philippine pesos 1 CAD = 44.8519 PHP
- Send money to Turkey CAD → TRY · Turkish lira 1 CAD = 35.0791 TRY
South Korea transfer questions
How long does a transfer to South Korea take?
Most transfers to Korean accounts arrive within one to two business days of booking. You get written confirmation with the transaction reference as soon as the wire is sent.
Why is the won rate quoted by phone?
Korean won is priced individually for each transfer rather than shown on our live board, so you always get a firm rate from the dealer before you commit — call the desk or send a quote request.
What details do I need to send money to South Korea?
The recipient's name in English, their account number, their bank's name and SWIFT code, and usually their phone number and address. Korea does not use IBANs.
Is Diplomat Exchange licensed?
Yes. Diplomat Exchange Inc. is registered with FINTRAC as a Money Service Business under MSB number M23907027, and follows Canadian record-keeping and reporting requirements on every transaction.