Don't remember anyone mentioning Korea in the recent talk of cash+phones, 
but this is from a BBC article (regarding broadband content access), might 
be of interest:

"By far the most popular way of paying for content in Korea is a simple 
system which gives surfers a pre-paid cyber-wallet to spend.

Users buy currency in advance via a text message and are sent an 
authorisation code which is typed into the website and debited from their 
mobile phone bill."

ok, so it's not full on digicash exchange through a portable device, but 
it's a step in that direction. Article says Europeans are unlikely to 
embrace it (now there's a surprise...).

Doesn't mention what kind of system is being used, or if they've got 
anything else planned.

http://news.bbc.co.uk/1/hi/technology/2326253.stm

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