There are now more than 10 million Koreans using mobile-banking enabled handsets (IC chips or the portable Internet), up from 1.1 million in 2002. There’s still a few problems, not least is the banks distrust of the mobile carriers.
“Banks seem to worry that mobile carriers will gain the upper hand if the smart chips that include customer information of many bankers are introduced by carriers,” a Seoul analyst told Korea Times. “Banks think that then wireless operators will hold master keys to the smart chips and will exert sweeping clout over them.”
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