SOUTH KOREA

2022 Summary

SG launched signUP, our digital data capture tool enhanced with point-of-sale payment capability, in Korea in 2022 and the response has been positive so far with over 3,000 new donors recruited using the QR code-based application.

We also welcomed two new charity partners, IFCJ and the International Rescue Committee into the SG fold. Additionally, payment success rates for Korea, for both first debit and recurring transactions, remained strong.

Payment
Success Rates

First Debit Approval Rate

Percentage of donors successfully transacted on their first debit

2022

94%

2021

91%

2020

81%

Anniversary Approval Rate

Percentage of donors successfully transacted on their recurring debits

2022

96%

2021

95%

2020

95%

Donations Processed

2022

KRW 47,197,577,591

USD 37,060,147

2021

KRW 28,691,382,866

USD 24,100,762

2020

KRW 25,906,568,130

USD 23,626,790

2022 in Numbers

Number of new recurring donors acquired in the year

New Donors

52,797

Number of new recurring donors acquired in the year
Average number of months a donor will give to a cause

Average Lifespan

29 months

Average number of months a donor will give to a cause
Average monthly contribution per donor

Average Gift

KRW 22,722

USD 18

Average monthly contribution per donor
Estimated total contribution of a donor to their chosen cause

LTV (Lifetime Value)

KRW 579,558

USD 455

Estimated total contribution of a donor to their chosen cause

2023
Outlook

In 2023, we forecast new donor acquisition will come from diversified channels, including face-to-face, telemarketing, online, digital and DRTV. New contact centre infrastructure is also expected to drive efficiency and results in the coming year, impacting activities such as upgrades and reactivations.