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GSMA honors KT and SK Telecom for NFC

Korean mobile network operators KT and SK Telecom have been named as the winners of the 2013 GSMA Chairman’s Award, the association’s most prestigious honour, in recognition of “their pioneering efforts and leadership in driving the adoption of SIM-based mobile near field communication (NFC) services”.

SK Telecom and KT

“KT and SK Telecom have been at the forefront of global commercialisation of NFC, catalysing the financial ecosystem for mobile NFC from an early stage,” said GSMA chairman Franco Bernabè, who is also CEO and chairman of Telecom Italia Group.

“These efforts have not only led to an explosion in demand for NFC-based services domestically, but ensured that the country leads in the worldwide adoption of a single standard for mobile NFC. On behalf of the GSMA, and indeed the entire mobile industry, I commend SK Telecom and KT for their cooperative spirit and a commitment to making life-enhancing new mobile services for users everywhere.”

More than 21 million Koreans now have a handset with SIM-based NFC functionality, the GSMA says.

“We believe that NFC technology will definitely enrich our customers’ lives, providing a convenient means for making financial transactions and secure exchange of information while playing a critical role in enabling equitable access to secure mobile banking and mobile money transfer services to developing countries,” said Suk-chae Lee, chairman and CEO of KT.

“This award is a great recognition of KT’s endeavor in the worldwide adoption of a single standard of NFC payment from the early time, when it led GSMA’s Pay-Buy-Mobile project and successfully demonstrated the world first NFC-based global payment service in 2007. KT will continue to drive innovations in NFC-based services and contribute to broadening of the global NFC eco-system.”

“It is truly a great honour to receive the GSMA Chairman’s Award, as it recognizes SK Telecom’s continuing commitment and efforts to enrich people’s lives through innovative technologies and services,” added Sung Min Ha, president and CEO of SK Telecom.

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