This English version is a translation provided for convenience. If there is any discrepancy between this version and the Korean original, the Korean original prevails.
These Terms apply to the use of those services within the MoriPay application (the "Service") provided by K&2P Co., Ltd. (the "Company") that are offered mainly to foreign users. By agreeing to these Terms, a foreign user is deemed to have fully understood and agreed to the characteristics and restrictions of the services for foreign users.
Article 1 (Scope of Application)
These Terms apply to users who fall under any of the following:
- Foreign users visiting the Republic of Korea
- Users who use services that require identity verification based on passport information
- Users who use Individual Services offered for, or exclusively to, foreign nationals
Article 2 (Scope of Services for Foreign Users)
"Services for Foreign Users" means the following services within the Service that are offered to foreign users or that are provided on the premise of identity verification of a foreign national:
- Prepaid payment means and payment and payment gateway (PG) services provided by Hecto Financial Co., Ltd.
- The following partner services that the Company otherwise offers to foreign users:
- (1) Services provided by Jumbo Taxi Association, a passenger transport business operator (taxi transport operators and drivers)
- (2) Services provided by Meritz Fire & Marine Insurance Co., Ltd., a non-life insurance business operator (travel insurance)
- (3) Services provided by EZL Corp., an electronic financial business operator (transit card operator)
- eSIMs and related services, which are Company Products sold and provided directly by the Company
Article 3 (Collection and Use of Passport Information)
The Company may collect and use users' passport information in order to provide the Services for Foreign Users. The purposes of collecting and using passport information are as follows:
- Verifying the user's identity and confirming that the user is the same person
- Providing the Services for Foreign Users and confirming eligibility to use them
- Preventing fraudulent use, identity theft and illegal use
- Complying with applicable laws and partners' policies
Passport information is collected and used only to the minimum extent necessary to provide the Services for Foreign Users, and is managed securely in accordance with the Privacy Policy.
Article 4 (Identity Verification and Measures When Verification Fails)
The Company may require users to verify their identity when using the Services for Foreign Users. If the passport information or other verification information does not match, or verification is not possible, the Company may take the following measures:
- Restricting or suspending use of the relevant service
- Requesting submission of additional documents or re-verification
- Withholding provision of the service until verification is completed
The Company is not liable for restrictions on use of the service resulting from failed identity verification, unless the Company acted intentionally or with gross negligence.
Article 5 (Fraudulent Use and Restrictions on Use of the Service)
If any of the following occurs, or is reasonably suspected, the Company will notify the user in advance. If the issue is not resolved without delay after the notice, the Company may restrict or suspend use of all or part of the Services for Foreign Users. However, the user may file an objection to the Company's measure, with reasonable grounds, within 3 days from the date the measure takes effect.
- Using the Service by misappropriating another person's passport or personal information
- Attempting identity verification with false or inaccurate information
- Using the Service for improper purposes such as illegal currency exchange, resale, lending or transfer
- Using an Individual Service fraudulently
- Violating applicable laws, terms or partners' policies
Article 6 (Use of Partner Services and Provision of Information)
In the course of using the Services for Foreign Users, users' personal information may be provided to the partner service providers Hecto Financial Co., Ltd., Jumbo Taxi Association, Meritz Fire & Marine Insurance Co., Ltd. and EZL Corp., to the extent necessary to provide individual partner services such as prepaid payment means and payment-related services. Matters concerning such provision of personal information are governed by the Company's Privacy Policy and by the terms of use and privacy policy of each partner service provider.
Article 7 (Precedence of Laws and Partners' Policies)
If the laws of the Republic of Korea, the relevant laws of the country where a service is provided, or the policies of a partner service provider conflict with these Terms in connection with the use of the Services for Foreign Users, those laws and partners' policies prevail.
Article 8 (Liability for Breach of Terms)
If a user breaches these Terms and causes damage to the Company or a partner service provider, the user is liable to compensate for that damage in accordance with applicable laws.
Article 9 (Changes to these Terms)
The Company may change these Terms due to amendments of applicable laws, changes in service policies, or operational needs of the Services for Foreign Users. Any change will be announced in advance through notices within the Service.
Addendum
These Service Terms for Foreign Users take effect on October 1, 2026.