🇦🇪→🇰🇷
Send Money from United Arab Emirates to South Korea
Businesses in United Arab Emirates paying South Korea suppliers for Semiconductors. Send AED from United Arab Emirates, receive KRW in South Korea with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local AED collection + local KRW delivery = no correspondent bank fees
Save £2,425 per £100k Payment
United Arab Emirates 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 AED 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 United Arab Emirates: What You Need to Know
AED Origin Specifics
- AED pegged to USD (3.67 fixed rate)
- Corporate Tax 9% (effective 2023)
- Free Zone invoice requirements
Your Local Advantages
- Local AED account available
- UAEFTS (UAE Funds Transfer System) instant collection
- No correspondent bank fees on origin side
Local Collection Method
UAEFTS (UAE Funds Transfer System)
Same-day • UAE domestic instant transfers. All local banks connected.
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
United Arab Emirates → South Korea Corridor Insights
Popular Industries
- Semiconductors
- Electronics
- Automotive
Peak Trading Hours
GST (GMT+4) 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 AED from United Arab Emirates to South Korea?
Save 83% on every payment with t+0 (2.3s avg within unicorn network). Local AED collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB