Remittance corridor · World Bank RPW · 2025Q3
South Korea → China
Provider panel is high-tercile (11 RPW providers) on South Korea → China - denser competition than the bulk of the corridor book.
- 5.8%
- Average cost
- 3.1%
- Cheapest · Industrial Bank of Korea
- 11
- Providers tracked
How the 5.8% average cost breaks down
World Bank RPW splits total remittance cost into the provider's transaction fee and the exchange-rate margin applied to the transfer. Same 2025Q3 figures as the detail table below.
Provider-panel tercile vs fleet
RPW lists 11 providers on this corridor - above the fleet panel tercile (~9). Average cost is 5.8%.
- #212 of 348
- cheapest-cost corpus rank
- 5.8%
- average cost of a $200 transfer
- -1.4pp
- vs the 7.3% average of 348 corridors
- +2.8pp
- gap to the UN 3% target
Compared against the 348 corridors in the 2025Q3 release, not a generic headline figure.
Based on average cost, delivery speed, FX margin, provider competition, and cost trend from World Bank Remittance Prices Worldwide data, benchmarked against all 348 tracked corridors - not a quote or a prediction of what you will pay.
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Where this corridor sits by provider panel size
South Korea → China has 11 World Bank RPW providers among 377 tracked corridors (inventory signal, not a cost-quality ranking). Orthogonal to the cost comparison below.
South Korea → China vs all corridors by provider count
Where this corridor's RPW provider panel sits among every tracked route
11 74th of 377 higher than 303 of 377 corridors
Corridors, banded by RPW provider inventory
Each bar is a band; taller bars hold more corridors. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count and share, and where it sits relative to this entry.
Source World Bank Remittance Prices Worldwide · 2026-08-10
How South Korea → China compares
Average cost of a $200 transfer, percent, lower is cheaper
5.84% average - 2.8pp above target
Cost trend: South Korea → China
Average and cheapest cost of a $200 transfer over time, percent
Sending Country
Receiving Country
Nearby Corridors from South Korea
South Korea's outbound coverage in our data is limited to a handful of corridors; here is how the other compare.
| # | Destination | Avg cost | Cheapest |
|---|---|---|---|
| 1 | Vietnam | 5.1% | 2.0% |
World Bank RPW fee spread
Release 2025Q3 KR→CN
5.8% avg · 3.1% floor · 2.76pp spread on $200
- AVG 5.8%
- CHEAP 3.1%
- SPREAD 2.76pp
- SDG +2.8pp
- RANK #212 of 348
- REL 2025Q3
- PANEL 11
Cross-sender cost peers
Fee spread manifest for South Korea → China: entity-varying RPW stamps plus cross-sender ABS(avg_cost) peers from the current release. Compare corridors side-by-side →
Dense provider panel on South Korea → China
RPW records 11 providers on South Korea → China - above the fleet panel tercile (~9). Average cost is 5.84% on $200 sends.
That cheapest figure comes from the World Bank's mystery-shopping survey: trained researchers pose as customers and obtain real quotes for a standardized $200 transfer, across the 11 banks, money transfer operators, post offices and mobile-money providers RPW tracks on this corridor. It is a snapshot from that survey quarter, not a live guarantee -- confirm the current rate directly with the provider before sending.
Costs on this route have stayed essentially flat, moving 0.03 percentage points over the tracked period, unusual stability against the broader downward trend seen on most corridors. Across 54 quarters on record, average cost ranged 2.8%–8.9%, with 2 quarters at or under the UN 3% target. It sits 2.8 pp above the UN SDG 10.c 3% target.
About South Korea → China data
PlainRemit compares international money-transfer costs across tracked corridors so you can see which routes and providers charge the least before you send money abroad. This corridor's figures are computed directly from the World Bank Remittance Prices Worldwide (RPW) quarterly survey, a mystery-shopping panel of actual transfer quotes for a standardized $200 transfer.
Average 5.84%; cheapest observed 3.08% via Industrial Bank of Korea; 11 providers tracked across 54 RPW quarters; vintage 2026-08-10.
Frequently Asked Questions
How much does it cost to send money from South Korea to China?
Average 5.84% of the transfer amount (World Bank RPW, 2025Q3). Cheapest observed: 3.08% via Industrial Bank of Korea.
What is the cheapest way to send money from South Korea to China?
Lowest RPW survey quote: 3.08% (Industrial Bank of Korea). Panel is high-tercile with 11 providers tracked.
Is the South Korea to China corridor meeting the UN SDG cost target?
Not yet: 5.8% is 2.8pp above the UN SDG 10.c 3% target.
Where does South Korea → China sit among tracked remittance corridors?
According to World Bank Remittance Prices Worldwide average cost among 348 tracked corridors on PlainRemit, South Korea → China ranks #212 of 348 (cheapest = #1). Ordinal uses latest_avg_cost ASC matching /rankings/cheapest. See /methodology#corpus-placement.
Read our methodology - how this data is sourced, computed, and verified.