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The following transaction-level fields apply to all KRW payments to South Korea via Open Banking.

Field Description RequiredTypeConstraints
purposeCodePurpose of paymentRequiredENUM4–5 chars. See valid values below
sourceOfCashSource of fundsRequiredENUMSee valid values below

Purpose of payment codes

CodeDescription
ACSCAccounting services
ALLWAllowance
AMSCAdvertising, market research, and public opinion polling services
BONUBonus payment
CISCConstruction and installation services
COMMCommission
DEPTDeposit
DOFIDeposits with or from offshore financial institutions
EDUCEducation
EDSCEducation services
ENGSArchitectural, engineering, and other technical services
FAMIFamily maintenance
FEESPayment of fees
GDDSPurchase or sale of goods
GDSVPurchase or sale of goods and services
GIFTAllowance (gift)
GSPMGoods for processing and manufacturing services
GSSTGoods and services by short-term workers
GSTRGoods and services by travellers
HLTCHome health care
INTEInterest
INTCIntra-company payment
INVSInvestment and securities
IVPTInvoice payment
LESCLegal services
MACHPayment for machinery and transport equipment
MDCSMedical services
MFGDPayment for manufactured goods
MMFAPayment for miscellaneous manufactured articles
MP2PMobile P2P payment
MRSCMaintenance and repair services
OTHROthers
PAYRPayroll
PSFRPassenger fare
REABReal estate abroad
RELGRental lease — general
SALASalary payment
SCVEPurchase or sale of services
STDYStudy
SUPPSupplier payment
TRADTrade services
VIACVisa application charges

Source of cash codes

CodeDescription
ALMYAlimony
CASHCash proceeds
COMPCompensation
EMINEmployee income
GIFTGift
INHEInheritance
INLQInsurance premium liquidation
PACAPaid-up capital
REDMRedemption
REPYRetirement policy
RESTReal estate sale
RETARetained earnings
SALESale of goods
SEAQSale or acquisition of a corporation
SELFSelf-employment income
SVGSSavings
WINSWinnings