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South Korea

Transactions processed in South Korean won (KRW) from EMEA or Canadian accounts will require a Beneficiary ID as noted below:

  • Individuals: National ID (13 digits)
  • Businesses: Tax ID/Business registration # (10 digits)
  • Foreign Nationals: Residence permit

J.P. Morgan is unable to provide a Certificate of Foreign Exchange Purchased/Deposited for payments made through EMEA or Canadian accounts.

Payment must be for a business transaction according to South Korea. Capital payment (Tax, Donation) are not supported.


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