Korea Smart Card Co., Ltd. (“KSCC”) was established in the year 2003 to implement and operate the unified fare collection system called “T-Money System.” With the vision of becoming “World Best Smart Card Mobility and Service Provider,” KSCC has been providing a more convenient and safer way of using public transport not only in Korea but also in New Zealand, Malaysia, Thailand, Colombia, and Mongolia. KSCC’s main business area is i) issuing smart cards, ii) implementing the infrastructure for payment and reload, and iii) settlement and clearing operation. Major shareholders of KSCC include Seoul Metropolitan Government and LG CNS.