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Article: south korea : Seoul Subway to Save Millions of Dollars with RFID Ticketing Technology from STMicroelectronics.
- Article from:
- TendersInfo
- Article date:
- July 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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 ...