Unicorn Currencies
...
🇦🇹→🇰🇷

Send Money from Austria to South Korea

Austrian businesses and Alpine traders paying South Korea suppliers. Send EUR from Austria, receive KRW in South Korea with t+0 (2.3s avg within unicorn network).

✓ Competitive Advantage: Local EUR collection + local KRW delivery = no correspondent bank fees

Save £2,425 per £100k Payment

Austria to South Korea corridor savings

Traditional Bank
£2,930
  • ❌ 2-3 day settlement
  • ❌ Multiple correspondent banks
  • ❌ Hidden FX margins
  • ❌ High SWIFT fees
Unicorn Currencies
£505
  • ✓ T+0 (2.3s avg within Unicorn network)
  • ✓ Local EUR collection
  • ✓ Transparent 0.5% spread
  • ✓ Kakao Pay for Business
Your Savings
83%
£2,425 per £100k
At £300k-£3M monthly, save £6,069/year

Sending from Austria: What You Need to Know

EUR Origin Specifics

  • Austria uses EUR currency
  • SEPA instant payment network
  • GDPR compliance required

Your Local Advantages

  • Local EUR account available
  • SEPA (Single Euro Payments Area) instant collection
  • No correspondent bank fees on origin side
Local Collection Method
SEPA (Single Euro Payments Area)
T+1 • European instant/standard payments. Covers 36 countries.

Paying Suppliers in South Korea: Compliance & Requirements

Regulatory Considerations

  • Foreign Exchange Transaction Act compliance
  • Korea Customs Service documentation
  • VAT (10%) on imported services
  • FSC (Financial Services Commission) regulations

Payment Best Practices

  • South Korea = Semiconductor/display leader (Samsung, LG, SK Hynix)
  • Kakao Pay dominates - most suppliers accept it
  • Fast-paced business culture - quick decisions expected
  • Strong tech infrastructure - digital documentation preferred
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via Kakao Pay for Business

Austria → South Korea Corridor Insights

Popular Industries

  • Semiconductors
  • Electronics
  • Automotive

Peak Trading Hours

CET (GMT+1) to GMT time zone consideration

Best for rate execution and faster settlement

Typical Volume

£50k-£250k

Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.

Ready to Send EUR from Austria to South Korea?

Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local EUR collection available.

Open AccountView South Korea Details

Bank of Canada registered PSP | FINTRAC licensed MSB