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KT's MoCa combines payment cards, coupons and offers stored in the cloud with a mobile wallet app that allows consumers to make payments at merchants via traditional barcodes, QR codes or NFC — providing retailers with the flexibility to use their prefered choice of POS hardware to close the "last inch" at the point-of-sale. More

Korea's leading mobile network operators, card networks, phone manufacturers and government agencies have joined forces to provide shoppers in Seoul's busiest shopping district with a wide range of NFC services including payments, couponing, smart posters and digital receipts. More

Telecoms research institute ETRI has established a standard way for Korean merchants to deliver receipts to NFC mobile phones, allowing stores to cut out the need to print paper sales slips. More

Korean mobile network operator SK Telecom is to open an 'NFC Zone' in Seoul, the company's head of global partnerships has told delegates attending the GSMA's Mobile Money Summit in Singapore. The NFC Zone will... More

Up to 300,000 NFC-enabled points of sale are set to be installed in South Korea and all smartphones must include NFC capabilities by the end of 2011, Reuters has reported. The Korea Communications Commission (KCC)... More

Korean mobile network operators, card issuers, consumer electronics manufacturers and government organisations have formed the Grand NFC Korea Alliance with the aim of creating a US$1bn business opportunity and more than 5,000 jobs. More

Korean consumers will be able to use their mobile phones to make contactless credit card payments and pay for transport tickets from the second half of 2010, following SK Telecom's purchase of a 49% stake in Hana Card.  More

Two of Korea's leading card issuers are seeking to launch their own Mobile Virtual Network Operator (MVNO) services, in a bid to ensure they are in control of their customers' mobile wallets. More