1 EUR to KRW - Convert Euro to South Korean Won

Looking at the 30-day window, the EUR/KRW pair traded in a range of 1,704.6834 to 1,802.9753. The monthly average was 1,752.1101 with 1.56% volatility. This downward movement of 2.2% suggests significant momentum in the EUR/KRW exchange rate.

The current mid-market exchange rate is 1 EUR = 1,775.3992 KRW, updated as of June 4, 2026, 2:52 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Euro to South Korean Won Exchange Rate

EUR/KRW connects the Eurozone with Asia's fourth-largest economy. South Korea and the EU share a comprehensive free trade agreement (in force since 2011), and bilateral trade exceeds 100 billion euros annually. European consumers buy Korean electronics, cars, and K-beauty products while Korean manufacturers import European luxury goods, machinery, and automotive components.

The K-Wave Hits Europe

South Korean cultural exports have taken Europe by storm. K-pop groups like BTS and BLACKPINK fill stadiums from London to Paris to Berlin. Korean TV dramas stream to millions of European subscribers on Netflix. K-beauty brands like Laneige, COSRX, and Innisfree are stocked in European pharmacies and department stores. Samsung and LG dominate the European electronics market, and Hyundai-Kia has become one of Europe's fastest-growing car brands, helped by its EV lineup. These commercial and cultural ties generate constant EUR/KRW conversion flows. When Samsung reports strong European sales, those euros convert to won in Seoul. When a Korean entertainment company books European concert tours, ticket revenue in euros flows back to Korea. The EU-Korea FTA eliminated most tariffs, making bilateral trade significantly cheaper and increasing the volume of EUR/KRW conversions needed to settle transactions in both directions.

What Drives the EUR/KRW Rate

ECB and Bank of Korea interest rate decisions, semiconductor exports, European economic data, Korean trade balance, Chinese economic conditions (Korea's largest trading partner), and global risk appetite are the primary drivers. The won's sensitivity to tech sector cycles adds volatility that the euro does not carry, meaning EUR/KRW can swing during chip industry downturns even when European factors are stable.

What a Conversion Really Costs

Banks charge 1.5-3% on EUR/KRW. Online services offer 0.5-1.5%. For European businesses paying Korean suppliers, some trade finance platforms offer direct EUR/KRW settlement that avoids routing through USD. Korean banks in European cities (Shinhan, KEB Hana) offer competitive rates for Korean nationals. In Seoul, Myeongdong exchange counters handle euro cash at rates close to mid-market.

How to Get the Best EUR to KRW Rate

Compare the mid-market rate on this page with your provider. Look for direct EUR/KRW conversion to avoid USD routing costs. For business payments, trade finance platforms specializing in EU-Korea commerce offer better rates than standard bank wires. In Seoul, Myeongdong exchange counters are the cheapest option for euro cash. For European tourists visiting Korea, bringing euro cash and exchanging at Myeongdong provides better value than airport exchanges or ATM withdrawals with foreign cards.