PayPal to Expand Services to South Korea

PayPal to Expand Services to South Korea

February 11, 2015         Written By Bill Hardekopf

As part of PayPal’s global expansion efforts, the company will be launching a Korean language version of their website starting tomorrow, February 12. This will allow users in South Korea to transfer money and make payments online.

Korean residents can currently make purchases with PayPal online, but they can only order items from overseas. Currently, the Korean financial authorities do not recognize this program as a viable payment solution within the country. Nevertheless, the expansion of the Korean language website and an upcoming Korean language call center may encourage more people to shop at overseas online malls.

PayPal has seen an increase in activity from Korea in the last few years because consumers are finding cheaper ways to buy the items they need online. Many items on Amazon are cheaper than what they can find in local stores as long as they are willing to import them. By offering services in the Korean language, PayPal will have a better way to connect to this growing audience of consumers.

At this time, PayPal offers financial services in nearly 200 countries and has over 160 million users. Now that the company has relinquished ties with eBay, it is looking to expand to even more areas around the world.

PayPal’s co-founder Peter Thiel is scheduled to visit South Korea on February 24 to host a lecture series called “Zero to One.”

The information contained within this article was accurate as of February 11, 2015. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured Cash Back Card
Top Features : 1.5% cash back on all purchases; $150 bonus after spending $500 in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back TWICE. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : Perfect credit not required; Reports to major credit bureaus