According to an analysis of remittances in South Korea in 2018, nearly 80 percent of all remittances were foreigners working in Korea sending their wages home. Private unilateral transfers and remittances to students or trainees abroad together made up another fourteen percent. As the number of foreign workers in Korea continues to increase every year, competition between wire transfer services is expected to intensify.
Distribution of total number of remittances by private individuals in South Korea in 2018, by reason
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Hana Bank. (July 5, 2019). Distribution of total number of remittances by private individuals in South Korea in 2018, by reason [Graph]. In Statista. Retrieved December 18, 2024, from https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/
Hana Bank. "Distribution of total number of remittances by private individuals in South Korea in 2018, by reason." Chart. July 5, 2019. Statista. Accessed December 18, 2024. https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/
Hana Bank. (2019). Distribution of total number of remittances by private individuals in South Korea in 2018, by reason. Statista. Statista Inc.. Accessed: December 18, 2024. https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/
Hana Bank. "Distribution of Total Number of Remittances by Private Individuals in South Korea in 2018, by Reason." Statista, Statista Inc., 5 Jul 2019, https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/
Hana Bank, Distribution of total number of remittances by private individuals in South Korea in 2018, by reason Statista, https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/ (last visited December 18, 2024)
Distribution of total number of remittances by private individuals in South Korea in 2018, by reason [Graph], Hana Bank, July 5, 2019. [Online]. Available: https://www.statista.com/statistics/1079461/south-korea-share-of-number-of-remittances-by-private-individuals-by-reason/
