Internet banking is very common in Korea. According to the Bank of Korea, the number of registered user in financial institution for internet banking is currently more than 50 million.
Meanwhile, the users of mobile banking are around 7.8 million, which is an increasing by 90% over last 12 months.

This popularity is mainly driven by the growth of VM (Virtual Machine) mobile banking users. In Korea, there are two different types of mobile banking, one is IC mobile banking and the other is VM mobile banking. IC mobile banking is using IC chip, inserted in mobile handset, to use mobile banking. Only limited mobile handsets provide IC mobile banking. However VM mobile banking is using application software, installed at mobile handset, to do internet banking. This means that you don’t need a special mobile phone to use mobile banking.

This is a special report by BBC. It shows the highlights of the well developed Korean information technology, and how it can contribute to the society.

The video clip shows what an important role IT can have in your everyday life. Through widespread areas such as WiBro, future home, virtual world, online games, and even the news, it shows what an effect this technology has in the Korean society and how many possibilities and opportunities it brings with it.

This clip was aired almost 2 years ago to the day, but still describes how advanced the Korean TMT sector really is, and I think it will be interesting for you to watch. So please enjoy.

To explain further of what of the content in the special report that is actually being used currently, just continue to read this blog and you will get that information eventually. Or even better feel free to email me your wondering and I will explain it in detail for you.

To provide you some general information about Korean TMT Sector, I uploaded my slides that I presented at conferences or seminars

I presented following slides to introduce the advanced Korean TMT(Technology, Media, and Telecom) Sector including mobile TV, web 2.0, mobile wimax and online game. Maybe you could find some business idea for you from these slides.

There are more slides that I presented about advanced Korean TMT market with following topics; SNS, mobile tv, LBS, mobile game and etc. It will help for you to understand Korean TMT sector.

Please check following slides out here: