Amdahl Expands Smart Card Presence to South Korea; Amdahl joins six other investors to form Mondex Korea.SUNNYVALE, Calif.--(BUSINESS WIRE)--Aug. 24, 1999-- The SmartCard Group, a division of Amdahl(R) Corporation, today announced that it has expanded its operations to South Korea through an investment in a new franchise, Mondex Korea. Other members of the consortium that formed the new franchise are MasterCard Korea, Kookmin Bank Kookmin Bank (hangul:국민은행) is the largest bank by both asset value and market capitalization in South Korea. The bank is led by Kang Chung-Won who previously worked for Seoulbank and oversaw its sale to competitor Hana Bank before moving to , Korea Credit Communication Inc., KDB KDB Korea Development Bank KDB Built-In Kernel Debugger (Linux) KDB Knowledge Data Base KDB Küche, Dusche, Bad (German: kitchen, shower, bath) KDB Kelvin Double Bridge KDB Kernel Debugger Capital and TeraSource Venture Capital. Under the terms of the franchise arrangement, Mondex Korea has been given the rights to issue cards carrying the Mondex electronic cash application on the industry-standard, multi-application operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. , MultOS. MultOS is globally interoperable and is under development in 60 countries, including 18 territories in the Asia Pacific. Mondex Korea will promote and sub-license the technology in a national deployment of smart cards Example of widely used contactless smart cards are Hong Kong's Octopus card, Paris' Calypso/Navigo card and Lisbon' LisboaViva card, which predate the ISO/IEC 14443 standard. The following tables list smart cards used for public transportation and other electronic purse applications. . "Amdahl's investment in this franchise is a significant step in the expansion of the SmartCard Group's global presence," said Joe Casola, General Manager of Amdah's SmartCard Group. "South Korea is Asia's second largest smart card market and we look forward to establishing a state-of-the-art payment system that will allow merchants and consumers to easily conduct electronic transactions." The first smart card program in Korea will be launched at COEX, a high-tech building complex in Samsung-don, Kangnam-ku in Q1 2000. It will be used by 50,000 employee, as well as by 200,000 daily trade center visitors. Components of the multiple application program will include electronic cash, MasterCard credit and employee identification. Another launch is scheduled for Hanyang University Hanyang University is a large university in South Korea. It is located in Seoul, with a second campus in the suburban city of Ansan. Love in Truth in Deed is the founding principle and educational philosophy of Hanyang University. It is located in South Korea. , where more than 35,000 students will used smart cards as student identification and for purchases at the university cafeteria, bookstores and other stores off campus. Korea Telecom KT (formerly, Korea Telecom, Korean: 한국통신, NYSE: KT) is South Korea's top integrated wired/wireless telecommunication service provider. KT has been Korea's leader in the development of the information & communications business for the last 25 years will also take part in this implementation, giving students smart card access to all public phones. Cheju Island, a popular tourist destination A tourist destination is a city, town or other area the economy of which is dependent to a significant extent on the revenues accruing from tourism. It may contain one or more tourist attractions or visitor attractions and possibly some "tourist traps". , will also begin using smart cards at resorts, hotels and gift shops early next year. About Amdahl Corporation (company) Amdahl Corporation - A US computer manufacturer. Amdahl is a major supplier of large mainframes, UNIX and Open Systems software and servers, data storage subsystems, data communications products, applications development software, and a variety of educational and - http://www.amdahl.com For the Year 2000 compliance status of this offering or any other Amdahl offering, visit the Amdahl Year 2000 Web site at: www.amdahl.com/y2k Amdahl is a registered trademark of Amdahl Corporation. All other trademarks and product names are the property of their respective owners. NOTE TO EDITORS: Amdahl news releases are available on the Internet at www.amdahl.com , the Amdahl Corporation home page. The Amdahl site provides current, in-depth information on Amdahl offerings and solutions for enterprise computing. |
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