In Myeong-dong, mobile phones replace credit cards
Nov 10, 2011
Telecom operators, credit cards, KCC team up to provide mobile payment systemThe nation’s busiest shopping street in Myeong-dong has been designated as a trial zone for near field communication-based mobile payments from Thursday for three months. It is unprecedented in the world, said the Korea Communication Commission’s Choi See-joong during the launching event held at the popular tourist spot in central Seoul. Visitors who have cell phones with a NFC chip will no longer need to carry their cr