Does korea have PayPal

Yes, Korea has PayPal. People in South Korea can use a PayPal account for international payments, but it comes with restrictions and is rarely used for domestic transactions.

Here is a short PayPal overview for South Korea, covering what works and what does not:

• International payments: A South Korean PayPal account can be used to send and receive payments across borders.
• Domestic use: Few local online stores and merchants accept PayPal, and it is not a common way to transfer money between people in Korea. Locals mostly pay through Naver Pay, Kakao Pay, or direct bank transfers.
• Balance top-ups: PayPal Korea does not currently let you add money to your PayPal balance from a bank. You can still pay without a balance by using a linked credit or debit card.

Linking a bank account is the main hurdle, especially for foreign residents:

• Alien ID holders: According to PayPal Korea, a bank account cannot be added using an Alien ID number. Foreign residents can link a Korean check card or credit card to make payments, but that is not the same as linking a bank account.
• Businesses: PayPal says a business registered in Korea needs a corporate registration and business tax details to link a bank account, which is usually what withdrawals to a Korean bank require.
• Account region: A PayPal account is tied to the country where it was opened. An account created in another country cannot easily be linked to a South Korean bank account, and a Korean account carries its own local restrictions.

If you plan to receive money in Korea through PayPal, check whether you can link a bank account for withdrawals before relying on it as your main payment method.