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Local and Alternative Payment Methods in South Korea

South Korea, with over 51 million people, is a booming e-commerce market. The currency is the South Korean Won (KRW), and the main language is Korean.

The e-commerce and online payment sectors are growing fast. For online merchants, using local payment methods is key to boosting sales. Familiar payment options make customers more likely to complete purchases, reducing cart abandonment, building trust, and enhancing security.

Benefits of Local Payment Methods:

• Increase sales.
• Reduce cart abandonment.
• Enhance customer satisfaction.
• Build customer loyalty.
• Gain trust and stand out in the market.

Offering local payment options connects you with millions of potential customers in South Korea and drives growth.