Nowadays, most enterprises, individual SOHO or cross-border e-commerce engaged in international trade are facing difficulties in the foreign currency collection, settlement, and transfer. As the country’s foreign exchange control heats up, many offshore companies are facing difficulties in opening accounts and account cancellation problems.
According to data released by the Ministry of Justice, Republic of Korea，as of the end of December 2019, the number of Chinese living in South Korea reached 1.1 million. The Vietnamese ranked second with 224,518, and the Thais ranked third with 209,909. Therefore, they may be encountered a problem of how to settle Korea Won to their local currency.
As a professional overseas payment institution, Epay accepts payment services in different currencies and does not occupy foreign exchange quotas. In May of this year, Epay launched the Korean won collection service. Overseas users who hold Korean won can remit it through Epay by online bank and cash deposits, and settle it into multiple currencies. Users who without a Korean Won account can also easily remit Korean Won back to their country.
Now, the Korean won can be converted into AUD, IDR，BDT, INR, NPR, NZD, PHP, SGD, LKR, THB, TRY, KRW, JPY, MYR, BRL, EUR, HKD and so on.
Epay insists on providing users with the best exchange rates and fees. The cost of Korean Won deposit is around 2%. In the speed aspect, because Epay has cooperation with banks in various countries, all payments are sent and received using local bank accounts, and payments can arrive within a few hours.
If you need to exchange the Korean won into your local currency now, just download the Epay Wallet APP or log on to epay.com to complete it.