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The Seoul city government says it will support open-loop payments by next year. South Korea has been one of the last holdouts among developed countries to supporting open-loop payments
The core eight lines of the Seoul Metro operated by the city government are expected to support open loop in 2027. New gate validators will reportedly cost around KRW 2 million (US$1,405) apiece, which is why the service won’t launch on the metro for some time to come.
• Seoul Metropolitan Gov’t
• Seoul Metro
• Korail
Seoul Metropolitan Government has reportedly said it will enable open-loop payments on city buses next year and on the subway lines it runs by 2027, with the goal for buses and trains throughout the metro area from a variety of other operators to accept credit and debit cards and open-loop credentials in mobile wallets by 2030.
It would mean that South Korea, which has been one of the last major holdouts
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