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Article: United States: Seoul Subway to Save Millions of Dollars with RFID Ticketing Technology from STMicroelectronics.
- Article from:
- TendersInfo
- Article date:
- July 10, 2009
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Byline: Mamta03
The world's first RFID-based scheme for single-journey reusable ticketing in mass transportation has recently gone live in Seoul, South Korea, and is expected to save some 3 billion Won (over US$2.4 million) per year using a robust solution based on RFID technology from STMicroelectronics (NYSE: STM), a leading developer of RFID chips.
Serving a city of 10 million people and operating since 1974, the Seoul Subway became a part of the Seoul Metropolitan Government's New Transportation System combining subway and bus networks in July 2004. The New Transportation system introduced a refillable traffic-card system called T-Money, alongside ...