KRW to CNY Exchange Rate Today
Convert Korean Won to Chinese Yuan with live KRW/CNY rates for China business, manufacturing, or Korean-Chinese trade. Navigate Asia's complex trade flows.
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Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is the current KRW to CNY exchange rate?
The Korean Won to Chinese Yuan rate typically ranges between ¥0.0051-0.0056 per ₩1 (or about ₩1,780-1,960 per ¥1). BOK and PBOC policies, Korea-China trade dynamics, and regional economics influence this rate. China is South Korea's largest trading partner—Samsung, Hyundai, LG all have massive Chinese operations. Korean companies source components from China and sell finished products there, creating constant currency exchange needs.
Why is China-Korea trade so important?
China accounts for 25% of Korea's total exports—semiconductors, chemicals, machinery, cars flow to China. Korea imports consumer goods, raw materials from China. Samsung and SK Hynix sell memory chips to Chinese phone makers. Korean culture (K-pop, K-dramas) is hugely popular in China, though government restrictions occasionally limit exchanges. Despite political complexities, economic interdependence is massive.
What's the best way to send Won to China?
Use Korean banks like Shinhan or Woori with Chinese operations, Chinese banks' Korean branches (ICBC, Bank of China), Wise or OFX (check China restrictions), or for businesses, trade finance services. Note China's $50,000 annual conversion limit per recipient and documentation requirements. For e-commerce, Alipay and WeChat Pay increasingly support cross-border KRW-CNY payments.
When should I convert Won to Yuan?
Seoul exporters selling to China benefit when won strengthens above ¥0.52, gaining ¥520M versus ¥500M at ¥0.50 on ₩1B revenue. Korea-China trade ($300B annually despite diplomatic tensions) creates massive flows—Samsung, LG, Hyundai converting Chinese sales. K-pop agencies (SM, JYP, HYBE) converting Chinese concert/merchandise revenues watch PBOC 9:15 AM fixing. Difference between ¥0.50 and ¥0.52 equals ¥20M on ₩1B—significant for Korean manufacturers navigating THAAD tensions while maximizing yuan revenues from Shanghai, Beijing operations.
How do Korean businesses manage Chinese yuan exposure?
Samsung, Hyundai, LG have billion-dollar yuan exposures from Chinese sales and operations. They use forward contracts, natural hedges (match yuan revenues with yuan costs), and centralized treasury management. THAAD missile deployment (2017) caused Chinese consumer boycotts, teaching Korean companies about political risk. Currency hedging now factors in geopolitical scenarios beyond pure economics.