Apple Inc.’s new all-screen and first OLED-backed smartphone iPhone X comes to Korea carrying a hefty price tag of 1.42 million won ($1,270) for its 64GB edition in South Korea, $200 more expensive than the rate in the United States.

According to Apple’s Korean operation on Wednesday, the price of the 64GB iPhone X is set at 1.42 million won in Korea and the 256GB edition at 1.63 million won. When converted into U.S. dollar, Apple will be selling the premium phone in Korea at a price that is about $250 more expensive than $999 set for the 64GB edition in the U.S.

Europeans also have to pay more to own the same edition of the iPhone X that is priced at above $1,300. The price of iPhone X was set at 379,990 forints ($1,419) in Hungary, 8,899 kroner ($1,391) in Denmark, 11,495 kroner ($1,371) in Sweden, 1,189 euros ($1,383) in Italy, and 79,990 rubles ($1,373) in Russia.

Consumers can buy the Apple’s latest premium smartphone at relatively affordable prices in the following countries: 1,319 Canadian dollars ($1,023) in Canada, 112,800 yen ($991) in Japan, and 8,588 Hong Kong dollars ($1,101) in Hong Kong.

Apple has yet to disclose the release date of the iPhone X in Korea.

Another new model iPhone 8 and 8 Plus will go on official sale on Friday in the country with a price tag of 0.99 million won for the 64GB edition and 1.20 million won for the 256GB edition.

By Seo Dong-cheol and Lee Ha-yeon

[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]