Apple Pay to launch in South Korea on March 21

Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.

With the launch of Apple Pay, Hyundai Card users can register their domestically issued credit cards on Apple devices, including iPhones and Apple Watches, to make payments without a physical card.

Apple is reportedly planning large-scale promotional events around March 17 to celebrate the official launch of Apple Pay in Korea.

An industry insider familiar with the matter stated that a key high-ranking official from Apple's headquarters will visit Korea to partake in the celebrations.

The events are expected to include a countdown to the launch and a demonstration of Apple Pay payment at a large store to attract attention.

Write to Nan-Sae Bin at binthere@hankyung.com