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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting -- Ignore unavailable to you. Want to Upgrade?

To: foundation who wrote (19913)	3/5/2002 7:09:57 AM
From: foundation	Respond to of 196660

KTF Steps Up M-Commerce Drive By Kim Deok-hyun Staff Reporter KTF, the country's no. 2 mobile carrier, yesterday kicked off a trial operation of a mobile wallet project to develop a common payment platform aimed at promoting mobile commerce or m-commerce in the country. In a press briefing at Seoul's Hilton Hotel, KTF President and CEO Lee Yong-kyung said the new system enables people to gain access to all kinds of financial services from banking to stock trading by punching numbers into their mobile phones. Under the partnership with a local credit card company Kookmin Card and KTF Technologies, a handset manufacturing arm of the mobile carrier, Lee said KTF would introduce a pair of new mobile phones to commercialize the common payment platform service. Customers can settle their payment by sending their banking or credit card information through radio frequencies, KTF said. Many telecommunications companies believed mobile phones will be the wallets of the future and instead of carrying money, consumers will buy things by punching codes into their phones. Industry watchers said m-commerce has greater potential than electronic commerce through computers. According to the consultants Mckinsey & Company, by 2010, it will be the second-largest industry in the world, behind health care. In the short term, McKinsey said that businesses would be able to save $230 billion annually through the use of mobile technology. kdh@koreatimes.co.kr ÀÔ·Â½Ã°£ 2002/03/05 18:56 hankooki.com

To: foundation who wrote (19913)	3/5/2002 8:06:54 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 196660

Somebody please explain this to the tech challenged. So basically, if I am a China Mobile sub and decided to visit Korea, I need to rent a handset in Korea but use my own SIM card? (and vice versa?) Or if I am a frequent traveller between the two countries, I would just buy both type of handsets? Isn't this the foundation of the GSM1X overlay plan? In comparison, if I am a DT T-mobile subscriber in Europe and decided to visit USA, would my GSM handset work in the Voicestream network without a SIM card? What percentage of handsets in the world has SIM slots?