The Korean company announced today that it will launch a new trade-in program that doesn’t require the purchase of a new handset. The “Galaxy Easy Compensation” scheme will pay Korean Galaxy phone owners money for their old device, with values fluctuating depending on the condition. Crucially, no purchase of a new phone is needed.

Samsung has announced a new trade-in program for Galaxy devices that gives you access to trade in benefits without forcing you to buy a new phone.

Samsung is launching a new trade-in program in Korea that lets users trade in their old Galaxy phone for cash.

Samsung is updating its smartphone trade-in program ahead of Galaxy Unpacked 2025. Whereas before you could only trade-in your smartphone when buying a new Galaxy phone, now you can trade-in your phone for cash. Additionally, trade-ins are accepted any time of the year, and not just when purchasing a new Samsung phone.

CNN Underscored editors are turning our attention to all of the latest gear and gadgets out of CES 2025. On top of everything else Samsung is announcing, the brand is also gearing up for its latest Unpacked event later on in January.

Do not throw away your old Galaxy phone or sell it on the secondary market. Samsung has shown in the last year that old handsets hold their value as they gather dust in your drawer.

Samsung has just made it easier for Galaxy users in South Korea to sell their old phones. The company is introducing a new initiative called “Galaxy Easy Compensation,” allowing users to sell their old Galaxy devices directly through Samsung’s official website.

The new Trade-In Program will pilot in Korea and France starting today and expand to more regions through 2025. Partnered with Samsung, the program will be managed and operated by Likewize.