Tmoney Co., Ltd.
Tmoney Co., Ltd. was established in 2003 by the Seoul Metropolitan Government(SMG) for a special purpose. The metropolitan was suffering from air pollution caused by heavy usage of private vehicle. To increase public transport ridership and to prevent loss of social cost, SMG opened a public bidding for renovation of the city’s service. LG was selected as the winner, establishing Tmoney Co., Ltd.(formerly known as Korea Smart Card Co., Ltd.) for this special purpose.
There are many services that Tmoney Co., Ltd. provides for the city. We are prepaid card issuer, owner of nation-wide AFC infrastructures and integrated settlement operator. Due to a long history of convenient and efficient settlement service, nowadays we are renowned for our brand name ‘T-money’. Our integrated public transportation network covers SMG and 15 other cities in Korea with nation-wide interoperability.
In pursuit of more convenient service, we have expanded our field of business from public transport payment system to e-money system for retail business. T-money card holders can purchase goods and services from various retail shops such as convenience store, cinema, and pharmacy using payment by both plastic and mobile apps. Furthermore, we are taking a next step towards industry 4.0 solutions such as CITS, big data, AI taxi and many others.
Based on our diverse business experience from small local cities to mega cities all around the globe, we provide tailored consulting, systems delivery and O&M solutions for our customers.
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