Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,262.56 89.32 0.55%
S&P 500 1,842.98 12.37 0.68%
NASDAQ 4,034.16 11.47 0.29%
Ticker Volume Price Price Delta
STOXX 50 3,091.52 -40.05 -1.28%
FTSE 100 6,541.61 -42.15 -0.64%
DAX 9,173.71 -165.46 -1.77%
Ticker Volume Price Price Delta
NIKKEI 14,355.01 358.20 2.56%
TOPIX 1,161.12 25.03 2.20%
HANG SENG 22,813.92 142.66 0.63%

GSMA Presents 2013 Chairman's Award To KT And SK Telecom



           GSMA Presents 2013 Chairman's Award To KT And SK Telecom

  PR Newswire

  BARCELONA, Spain, Feb. 25, 2013

- GSMA's Most Prestigious Award Recognises Korean Operators for Leadership in
Mobile NFC

BARCELONA, Spain, Feb. 25, 2013 /PRNewswire/ -- The GSMA today announced that
Korean mobile operators KT Corporation and SK Telecom have been named the
joint recipients of the 2013 GSMA Chairman's Award. The Chairman's Award,
established in 1996, is the GSMA's most prestigious award and recognises
outstanding contribution to the growth and development of mobile
communications around the world. This year's award recognises SK Telecom and
KT for their pioneering efforts and leadership in driving the adoption of
SIM-based mobile near field communication (NFC) services.

"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 Franco Bernabe, Chairman, GSMA and Chairman and CEO, 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."

NFC is facilitating a wide range of new applications for consumers, such as
mobile ticketing to board public transportation, the exchange of information
and content, control access to cars, homes, hotels, offices and car parks, and
much more. With more than 21 million SIM-based NFC handsets, South Koreans
have become avid NFC users, tapping their smartphones to purchase goods in
shops and street markets, pay fares on public transport and access buildings.

The two operators have applied significant effort and investment to ensure
compatibility of NFC technologies in their home market of South Korea and
around the world. As far back as 2007, KT took the lead in the series of
payment projects instigated by the GSMA to develop a single, global approach
to enabling contactless payments using mobile, showcasing the SIM card as the
preferred place to store payment applications. SK Telecom has been playing a
similarly leading role over the last few years as the NFC Global Project
leader in the GSMA's Mobile NFC programme.

SK Telecom and KT have addressed some of the most complex business and
technical challenges necessary for the successful convergence of mobile and
financial services, at the same time driving consensus among themselves,
regulators, handset makers, payment card and financial services providers and
point of sale suppliers. Through all of these efforts, and particularly by
striving for international interoperability of mobile NFC services, the
operators have forged the early history of mobile commerce. In the GSMA's
Mobile NFC programme, KT and SK Telecom are continuing to share their
expertise and experience with their counterparts in Asia, Europe and elsewhere
around the world.

"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 Corp. "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."

Sung Min Ha, President and CEO of SK Telecom said, "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. SK Telecom will continue to work closely with the
GSMA and actively participate in its initiatives and programmes, while making
redoubled efforts to become one of the most influential companies in the world
by introducing cutting-edge ICT that provide customers with greater value and
convenience."

About the GSMA

The GSMA represents the interests of mobile operators worldwide. Spanning more
than 220 countries, the GSMA unites nearly 800 of the world's mobile operators
with more than 230 companies in the broader mobile ecosystem, including
handset makers, software companies, equipment providers and Internet
companies, as well as organisations in industry sectors such as financial
services, healthcare, media, transport and utilities. The GSMA also produces
industry-leading events such as the Mobile World Congress and Mobile Asia
Expo.

For more information, please visit the GSMA corporate website at www.gsma.com
or Mobile World Live, the online portal for the mobile communications
industry, at www.mobileworldlive.com

Website: http://www.gsma.com
Contact: Media, For the GSMA, Abigail Faylor: +44 (0) 2070 670 851,
GSMAPressOffice@webershandwick.com, or GSMA Press Office, press@gsma.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement