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South Korean wonKRW

A South Korean won account for your business

Your own KRW account details, so customers and partners pay you like a local. Hold KRW alongside 29 other currencies and USDC and USDT, and convert between them.

Open a KRW accountAll 30 currencies →

Updated October 2026

QUICK ANSWER

Yes. ElementPay issues dedicated KRW accounts to verified businesses, one account per currency. You can receive, hold and convert South Korean wons, and use the balance to fund payouts in 20 African countries.

CurrencyKRW · South Korean won
Account numberDedicated
Bank detailsLocal bank code
RailsLocal KRW transfers
Converts to29 currencies, USDC, USDT

What you can do with KRW.

01

Receive

Share your KRW account details on invoices. Payments arrive in your ElementPay balance.

02

Hold

Keep KRW on the same balance sheet as your other currencies and stablecoins.

03

Convert

Exchange KRW to any of 29 currencies or USDC and USDT at a quote locked before you confirm.

04

Pay out

Fund payouts to mobile money and banks in 20 African countries.

About KRW accounts.

Can a business outside South Korea open a KRW account with ElementPay?

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Yes, subject to business verification. ElementPay issues KRW accounts, one per currency, to verified businesses so they can receive and pay in South Korean wons.

What can I do with a KRW account?

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Receive KRW from customers and partners with your own account details, hold the balance, convert to any of 29 other currencies or to USDC and USDT, and pay out to mobile money and banks in 20 African countries.

How fast are conversions from KRW?

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Conversions settle at a quote shown before you confirm. Large tickets can be quoted by the OTC desk.

Can I convert KRW to USDC or USDT?

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Yes. KRW balances convert to and from USDC and USDT on the same balance sheet.

Other account currencies.

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Open your KRW account.

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