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

Samsung’s new programme, which has kicked off in Korea and France initially, will be operated by a third-party insurance and repair company.