Mobile Payments in South Korea

South Korea: General Information

Population: 48,875,000
Currency: KRW (10 KRW = ~0.01 EUR)
More info: South Korea
Mobile operators: SKT, KT, LG U+
Mobile Operators Market Share
Billing:
MO-billing


South Korea: Payouts

Price (KRW) incl. VAT 1 000.00 2 000.00 3 000.00 5 000.00 10 000.00 20 000.00
Price (KRW) excl. VAT 993.05 1 986.10 2 979.15 4 965.24 9 930.49 19 860.97
85% 85% 85% 85% 85% 85%
  • The table above shows your revenue after the operator's share, Fortumo commission and the costs of sending the users a reply SMS
  • Presented revenue share is calculated from the Price excl. VAT (0.7%).
  • Price presented to end user is Price incl. VAT (example: 20 000.00 KRW)
  • Payout cycle in South Korea is 4 months


South Korea: Rules and Restrictions

  • The service must be in compliance with Fortumo Terms of Service, South Korean legal acts and good morals.
  • The end user price must be clearly stated in the advertisements and instructions of use.
  • Adult content, gambling and lottery related services are strictly forbidden.
  • Multiple billing is not allowed.


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