South Korea: Remittances, million USD: For that indicator, The World Bank provides data for South Korea from 1976 to 2016. The average value for South Korea during that period was 2972.85 million U.S. dollars with a minumum of 0 million U.S. dollars in 1976 and a maximum of 6207.6 million U.S. dollars in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.
Remittances are the money sent home by people who work in a foreign country. These are, for example, the money sent to Mexico by Mexican workers in the U.S.
Definition: Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Data are in current U.S. dollars.