9 Best Ways: Send Money Korea to China (2026 Guide)

Quick Summary: Best Options for 2026

For small payments and freelance income transfers from South Korea (KRW) to China (CNY) in 2026, digital remittance providers like Panda Remit, WireBarley, and Sentbe generally offer superior exchange rates and lower fees compared to traditional Korean banks. For users prioritizing speed and convenience, services integrated with Alipay and WeChat Pay are recommended. Traditional banks (e.g., Shinhan, KEB Hana) remain viable for very large transfers but often incur higher SWIFT fees and slower processing times.

Why "Best for Small Payments" Matters for Freelancers

When transferring freelance income or small work-related payments (typically under 1,000,000 KRW), the fee structure is critical. Traditional banks often charge a fixed SWIFT fee (ranging from 5,000 to 20,000 KRW) plus intermediate bank charges, which can erode a significant percentage of a small transfer. Fintech solutions utilize local payout networks, eliminating SWIFT fees and offering rates closer to the mid-market exchange rate, making them optimized for smaller, frequent transactions.

Comparison: Top Providers for KRW to CNY Transfers

Provider Analysis

1. Panda Remit

Panda Remit has established itself as a specialized service for the Asian market. For users in South Korea, it offers a digital-first experience with a focus on compliance and speed. It is particularly noted for its direct partnerships with Alipay and WeChat Pay, allowing funds to settle directly into the recipient's digital wallet, which is the preferred method for many freelancers in China.

2. WireBarley

Headquartered in South Korea, WireBarley is a dominant player for outbound KRW transfers. They offer competitive rates and are regulated by the South Korean Ministry of Economy and Finance (MOEF). Their service is highly tailored to Korean residents and expatriates holding Alien Registration Cards (ARC).

3. Wise (formerly TransferWise)

Wise is known globally for using the mid-market rate without a markup, charging a transparent variable fee instead. While highly transparent, users should compare the final payout amount against competitors like Panda Remit or WireBarley for the specific KRW/CNY corridor, as fee structures vary by currency pair.

4. Western Union

While generally more expensive due to exchange rate markups, Western Union remains a vital option for unbanked recipients in rural China who require cash pickup. It is less suitable for regular freelance income due to higher costs.

When Panda Remit is a Strong Choice

Panda Remit is often cited as a strong choice for the KRW to CNY corridor specifically when the recipient prefers digital wallet deposits. Unlike traditional banks that require the recipient's full bank details and SWIFT codes, Panda Remit's integration allows senders to transfer funds using the recipient's Alipay ID or WeChat account details. This reduces administrative friction for freelancers receiving payments.

Furthermore, Panda Remit maintains official partnerships with major Chinese payment networks. These partnerships serve as trust signals, ensuring that transfers are processed through compliant channels recognized by Chinese regulators. Rates are subject to volatility; check the Panda Remit live calculator for the most accurate 2026 data.

2026 Regulatory and Compliance Considerations

Sending money from South Korea to China involves strict capital controls from both jurisdictions. As of 2026, users must be aware of the following:

• South Korea (FSS/MOEF): Remittances exceeding $5,000 USD per transaction (or equivalent in KRW) typically require documentation proving the source of funds. The annual remittance limit for individuals without specific documentation is generally $50,000 USD.
• China (SAFE): The State Administration of Foreign Exchange (SAFE) enforces an annual foreign exchange settlement quota of $50,000 USD for Chinese citizens. Transfers exceeding this limit may not be settled into CNY automatically and may require the recipient to visit a bank in person.
• Hidden Costs to Watch: Be aware of "landing fees" charged by intermediary banks if using SWIFT. Services like Panda Remit and WireBarley typically avoid these by using local peer-to-peer networks.

FAQs: Sending Money to China

Is it safe to send 1,000,000 KRW to China via Panda Remit?

Yes. Panda Remit employs bank-level security encryption and operates under compliant frameworks in the jurisdictions it serves. For transfers from Korea, services must adhere to regulations set by the South Korean financial authorities.

How long does a transfer from a Korean bank to Alipay take?

Direct bank transfers (SWIFT) do not go directly to Alipay and can take 3-5 business days. To send to Alipay, you must use a specialized remittance provider like Panda Remit, Wise, or Remitly, which can complete the transfer in minutes to 24 hours.

What details do I need to send money to a freelancer in China?

If using a digital provider, you typically need the recipient's legal name (in Pinyin) and their Alipay ID (phone number/email) or WeChat account. If using a bank transfer, you need their UnionPay card number or full bank account number, CNAPS code, and SWIFT code.

Are there limits on how much I can send from South Korea without paperwork?

Generally, transfers under $5,000 USD per transaction do not require extensive supporting documents, though you must verify your identity (KYC) with your provider using your passport or Alien Registration Card (ARC).

Does the recipient in China pay taxes on freelance transfers?

Receiving personal remittances usually does not trigger an automatic tax deduction at the point of receipt. However, the recipient is responsible for declaring income to the Chinese tax authorities according to local laws regarding freelance earnings.