Morpho supplies KT Korea with NFC SIM cards
Morpho (Safran group) today announced that it has shipped the first half million units of its "NFC/LTE" SIM card to KT Korea, the second largest mobile network operator in South Korea, as part of a multimillion framework agreement signed earlier this year.
South Korea is one of the few countries in the world where NFC is already being deployed commercially in significant quantities. With Morpho's technology, KT can now enable even more customers to experience the benefits of contactless transactions. People in South Korea will be able to use their mobile phones to pay transit fares or to make retail payments at 200,000 contactless terminals.
"Our customers embrace the usage of NFC technology and appreciate the benefits it brings for their daily life. We are committed to driving this technology trend further ahead, and with Morpho we have a reliable technology partner at our side," said Andy Choun (천호정), Manager USIM TF Team, Mobile Device Planning Department at KT Korea. "With this involvement in the mass-market rollout of NFC in South Korea, Morpho underlines its role as a major partner for contactless technology," noted Paul Naldrett, Senior Vice President Telecoms, e-Documents Division at Morpho. "Based on our extensive experience in digital security and global Trusted Services Solutions, we are able to support the use of Near Field Communication by making it safe and convenient with the SIM as the secure element."
KT Corporation provides telecommunication services in Korea. Its services comprise mobile telecommunications services; telephone services, including local, domestic long-distance and international long-distance, fixed-line and VoIP telephone services, and interconnection services to other telecommunications companies; broadband Internet access services and other Internet-related services, such as IP-TV services; and various other services comprising leased line services and other data communication service, satellite services, and information technology and network services consisting of cloud computing services. The company also offers information technology and network services, including consulting, designing, building, and maintaining of systems and communication networks; owns, plans, and develops commercial and office buildings and condominiums, as well as leases buildings; and rents cars and equipment. The company was formerly known as Korea Telecom Corp. and changed its name to KT Corporation in March 2002. KT Corporation was founded in 1981 and is headquartered in Sungnam, South Korea.