Annual value of outgoing and incoming remittance flow in South Korea 2021, by country

Value of remittances sent from/to South Korea to/from other countries or territories worldwide in 2021

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Sources

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Release date

December 2022

Region

South Korea

Survey time period

December 2022

Special properties

Remittance figures have a publication delay. Numbers cover 2021, but were reported in late 2022; All numbers are in current (nominal) U.S. dollars; See the "Details" tab for more information on the source methodology

Supplementary notes

The source adds the following information:

  • No numbers are available for Venezuela;
  • Due to political and economic situations, the flows between certain countries was considered to be 0 (zero). These countries included: India and Pakistan (and vice versa), Lebanon and Israel (and vice versa), and Azerbaijan and Armenia (and vice versa);
  • The source emphasizes several times that the numbers provided are estimates, as the data suffers from several issues. These relate to, for example, the frequency of migrant data updating per country, the lack of data on informal money transfers or the possibility of retirees moving abroad but then withdrawing savings from their country of origin.

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