🇨🇳→🇰🇷
Send Money from China to South Korea
Businesses in China paying South Korea suppliers for Semiconductors. Send CNY from China, receive KRW in South Korea with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: T+0 (2.3s avg within Unicorn network) with transparent pricing
Save £2,425 per £100k Payment
China 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)
- ✓ Fast conversion
- ✓ 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 China: What You Need to Know
CNY Origin Specifics
- CNY managed by PBOC
- CIPS payment system
- Capital controls on outflows
Your Local Advantages
- Fast CNY conversion
- Competitive rates for CNY collection
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
China → South Korea Corridor Insights
Popular Industries
- Semiconductors
- Electronics
- Automotive
Peak Trading Hours
CST (GMT+8) 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 CNY from China to South Korea?
Save 83% on every payment with t+0 (2.3s avg within unicorn network).
Bank of Canada registered PSP | FINTRAC licensed MSB