Large volume contactless success in Korea
Infineon Technologies has announced that it has been supplying semiconductors to the T-money (Transportation money) project in the greater Seoul area of Korea. This is one of the largest projects worldwide for contactless applications in public transportation systems. Since the system launched in July 2004, the electronic tickets for the public transport network in the greater Seoul area have used Infineon semiconductors.
Infineon's security controllers ensure that travellers pay the right fare for bus, subway or taxi routes in the Korean capital, which account for nearly 22 million transactions a day. The security controllers can also be used for vending machines or coffee shops. Infineon has delivered ten million security controllers to Infotrust, Korea. The system integrator is the partner of Korea Smart Card Co. (KSCC), the public transport operator in Seoul. Infotrust expects to deliver 14 million security chips by the end of 2008 based on the increasing commuter traffic and expansion of transport networks.
