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T-money is a rechargeable series of smart cards and other "smart" devices used for paying transportation fares in and around Seoul and other areas of South Korea. T-money can also be used in lieu of cash or credit cards in some convenience stores and other businesses. The T-money System has been implemented and is being operated by T-money Co., Ltd of which 34.4% owned by Seoul Special City Government, 31.85% owned by LG CNS, and 15.73% owned by Credit Card Union.
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