Apple Pay coming to South Korea
Revealed alongside the yellow iPhone 14, Apple is officially launching Apple Pay in South Korea after months of regulatory review from the country’s financial regulator.
It’s unclear when exactly Apple Pay will arrive for South Korean users, but it may be included in iOS 16.4 which is expected in March or early April. Apple launched the payment feature in 2014, and it’s available in over 50 countries.
The FSS had said they wanted to examine the terms and conditions of Apple Pay but noted there was “something to look at separately,” though it’s unclear what that was. However, the regulator completed the review in February.
“Having taken into consideration relevant rules and regulations and their interpretations,” said the FSS in a press release. “We confirm that credit card companies can push for the introduction of the Apple Pay service as they have obeyed necessary procedures.”