Remittance costs as a proportion of the amount remitted in South Korea
South Korea: Remittance costs as a proportion of the amount remitted was 5.5% in 2025. ▼ Falling
Remittance costs as a proportion of the amount remitted in South Korea, 2011–2025
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for remittance costs as a proportion of the amount remitted in South Korea is 5.5%, measured in 2025.
Compared with earlier readings it is down 2.1% on the previous year and up 0.7% over ten years.
Over the whole period, remittance costs as a proportion of the amount remitted in South Korea peaked at 6.4% in 2011 and was at its lowest, 2.1%, in 2022.
South Korea ranks 24th of 47 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Remittance costs as a proportion of the amount remitted in South Korea, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 6.4% | — |
| 2015 | 5.4% | -14.6% |
| 2017 | 4.8% | -11.4% |
| 2018 | 5.1% | +5.4% |
| 2019 | 4.9% | -3.9% |
| 2020 | 4.7% | -2.7% |
| 2021 | 4.2% | -11.8% |
| 2022 | 2.1% | -50.5% |
| 2023 | 4.7% | +128.0% |
| 2024 | 5.6% | +18.4% |
| 2025 | 5.5% | -2.1% |
South Korea compared with similar countries
- South Korea's 5.5% is above the median for high income countries, which is 5.1%, 1.1× the median. (30 countries reporting)
- South Korea's 5.5% is above the median for East Asia & Pacific, which is 5.5%, 1.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.3% | 4.8% | 6.4% | 5 |
| 2020s | 4.5% | 2.1% | 5.6% | 6 |
Countries ranked near South Korea
- 21 New Zealand 6.0% compare
- 22 Netherlands 5.5% compare
- 22 Saudi Arabia 5.5% compare
- 25 Spain 5.4% compare
- 26 Canada 5.3% compare
- 27 Australia 5.2% compare
- 27 France 5.2% compare
More reference data data for South Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is remittance costs as a proportion of the amount remitted in South Korea?
- Remittance costs as a proportion of the amount remitted in South Korea was 5.5% in 2025, according to World Bank – processed by Our World in Data.
- What is the highest remittance costs as a proportion of the amount remitted recorded in South Korea?
- The highest recorded value was 6.4% in 2011.
- What is the lowest remittance costs as a proportion of the amount remitted recorded in South Korea?
- The lowest recorded value was 2.1% in 2022.
- How does South Korea rank for remittance costs as a proportion of the amount remitted?
- South Korea ranks 24th out of 47 countries with data for 2025.
- Is remittance costs as a proportion of the amount remitted rising or falling in South Korea?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Remittance costs as a proportion of the amount remitted. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 11 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average remittance costs of sending $200 for a sending country as a proportion of the amount remitted (%).