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Enter any amount to see the exact converted value at today's live interbank rate — zero markup applied.
Today's Exchange Rates
INR to KRW — Everything You Need to Know
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1 INR to KRW today
The mid-market rate is the midpoint between the buy and sell prices on the global currency market. It is what Google shows. It is not what your bank charges.
The KRW to INR rate moves on Bank of Korea policy decisions, semiconductor export data, and global risk sentiment. South Korea's economy depends heavily on technology exports — Samsung, SK Hynix, and Hyundai shape trade flows that influence the won. The KRW also tracks broader Asia-Pacific sentiment and the Chinese yuan, given Korea's deep trade links with China.
The rate you see on Google is a reference number. The rate you transact at depends on who you buy from.
GST on the service component (tiered) + TCS above ₹10 lakh per FY apply per LRS rules. Disclosed upfront.
What 1 INR to KRW actually costs you
Here is where most travellers lose money on a Korea trip without realising it. A bank or counter quoting KRW at the mid-market rate plus a markup will not show that markup as a separate line item. It is built into the exchange rate.
On a typical Seoul-Jeju trip, a family buys hundreds of thousands of won for hotels, dining, K-pop merchandise, and entertainment. The high denomination of won notes makes the numbers look large but spending power is similar to other developed Asia destinations. Even a small per-won markup compounds into a meaningful rupee figure. Airport counters in both India and Korea usually carry the largest markups.
There are typically three cost layers on a KRW conversion: the exchange rate markup built into the quoted rate, a transaction or service fee, and GST charged on the service component.
Matrix Forex sells Korean won at the live interbank rate without a markup.
Ways to convert INR to KRW
A bank wire transfer suits larger amounts, particularly for university tuition or business payments. Processing takes one to three working days with the bank's exchange rate plus SWIFT charges.
Online forex providers let you book a rate online, then choose branch pickup or door delivery before departure. The booking locks the rate before payment.
Korean won is not loadable on a forex card — KRW is not among the supported card currencies. Travellers typically carry won cash purchased in India before departure, or rely on international cards which Korea accepts widely at hotels, restaurants, and retail.
Branch cash exchange remains the most common choice for short Korea trips.
Tax and limits on INR to KRW
Under the Liberalised Remittance Scheme, an Indian resident individual can remit up to USD 250,000 (or its KRW equivalent) per financial year for permitted purposes — travel, education, medical, family support, gifts, and investments.
TCS applies above ₹10 lakh per person per financial year. Education funded through a loan from a Section 80E recognised institution is at 0% TCS regardless of amount. Self-funded education and medical are at 5% above ₹10 lakh. Other LRS purposes including travel and gifts are at 20% above ₹10 lakh.
TCS is not a final tax. It is adjusted against your annual income tax liability.