Smartphone maker Samsung Electronics is expanding its device upgrade program to South Korea this week, Reuters reported Wednesday.
The move comes on the heels of the tech giant’s launch of the program in the United Kingdom at the end of last week.
Like its European counterpart, the South Korean Samsung Upgrade program allows users to pay a monthly fee on top of the cost of the device in exchange for the opportunity to trade in their existing handset and upgrade to the latest Galaxy smartphone after 12 months.
Those who subscribe to the program in South Korea can expect to pay a monthly fee of 7,700 won (about $6.35) per month in addition to their device payment, while subscribers in the United Kingdom can get a Galaxy S7 on the program for 24.58 pounds (just under $35) per month.
Both programs offer the Samsung Galaxy devices on a 24-month installment plan, though customers will have the option to upgrade after a year. Customers who upgrade to a new device enter into a new two year agreement for that smartphone, according to the U.K. program terms and conditions.
Handsets submitted for trade-in at the time of upgrade must be in “good condition,” Samsung said. That means device owners should be sure to hold on to their S7 tightly since a fully intact screen is among Samsung’s requirements for trade-in devices.
As specified in Samsung’s terms and conditions, the U.K. upgrade plan is not available to business customers.
Details on where the program might expand to next were not immediately available, Reuters said.
Samsung’s Upgrade program appears to be similar to the one unveiled by Apple in early September. That smartphone upgrade plan allows customers to get a new, unlocked iPhone every year, with payment plans starting at $32 per month.
Unlike Samsung, however, Apple announced in February that it will now accept damaged devices for a reduced trade in value.
The manufacturer trade-in programs present an alternative to carrier specific programs in the United States – like T-Mobile’s JUMP! On Demand , AT&T’s Next and Sprint’s iPhone Forever and Galaxy Forever – that afford smartphone owners the opportunity to upgrade their devices after an allotted period of time.