Payments
Navigate Korea’s Complex Payment Ecosystem.
From local wallets to card acquiring, from PSPs to prepaid operators — we help international businesses understand the options, regulatory requirements and provider risk appetite, and build a payment structure that actually works in Korea.
01 / Payments
Many Payment Methods. A Complex Infrastructure.
What customers see is simple. What makes it possible is a complex network of payment methods, providers, financial institutions and regulatory frameworks. We help you understand the full landscape and identify the right structure for your business.
02 / Payments
Customer Payment Methods
How your customers want to pay.
Cards
Visa · Mastercard · JCB · UnionPay
Local Wallets / Easy Payments
Toss Pay · Kakao Pay · Naver Pay · Samsung Pay · PAYCO · Apple Pay
Account-Based Payments
Bank Transfer · Virtual Account · Direct Debit
Alternative Payments
Mobile Payments · Gift Cards · Prepaid / Stored Value · Others
03 / Payments
Payment Infrastructure
Multiple providers and models behind the scenes.
PG — Payment Gateway
Connect multiple payment methods (online payments)
PSP — Payment Service Provider
Integrated payment solutions (domestic & cross-border)
Processor — Payment Processing
Authorization, clearing and transaction processing
Acquirer — Merchant Acquiring
Card acquiring and settlement with card networks
Prepaid Operator
Stored value, wallets and prepaid infrastructure
Banks / Institutions
Settlement, custody and account services
04 / Payments
Regulatory Framework
Licences, registration and compliance.
Electronic Payment Settlement Agency (전자지급결제대행업)
PG businesses under the Act on Electronic Financial Transactions
Electronic Funds Transfer Business (전자자금이체업)
Account-based payment services
Electronic Money Business (전자화폐업)
Issuance and management of e-money
Prepaid Electronic Payment Means (선불전자지급수단)
Stored value and prepaid payment instruments
Electronic Debit Payment Means (직불전자지급수단)
Direct debit payment instruments
Other Relevant Regulations
FSC, FSS guidelines, AML/KYC, foreign exchange regulations, etc.
05 / Payments
Outcomes for Your Business
A payment structure that works.
Approved
by the right providers
Supported
across your target payment methods
Compliant
with regulations and market practice
Optimized
for your business and customer needs
06 / Payments
Understand the Roles. Know What You Need.
Different payment services require different licences, registrations and partnerships. We explain the legal framework, business scope and practical implications — so you can choose the right structure for your business.
PG
Online payment gateway services. Connects various payment methods.
Prepaid Payment
Stored value, wallets, prepaid cards and balance management.
Electronic Money
Issuance and management of electronic money.
Funds Transfer
Account-based payment and funds transfer services.
Card Acquiring
Merchant acquiring and settlement with card networks.
Other Relevant Areas
FX, remittance, AML/KYC, personal data, industry-specific regulations.
07 / Payments
From Complexity to a Clear Payment Strategy.
We assess your business model, explain the applicable regulatory and commercial requirements, and recommend the most feasible payment structure based on provider capabilities and risk appetite.
Understand Your Business
Business model, products, customers and transaction flow.
Map Requirements
Payment methods, licences, compliance and provider criteria.
Assess & Compare
Identify suitable provider based on risk appetite and fit.
Recommend Structure
Optimal payment setup and implementation plan
Coordinate & Support
Provider introduction, application, integration and launch support.
08 / Payments
Let’s Build a Payment Structure That Works.
Our team is ready to discuss your business and find the right payment solution in Korea.
Ready to expand?
Let’s build what’s next, together.
Whether you are entering Korea or taking your business global, Goryeo Advisory is the right partner to guide you.