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CEO of KONA I
Cho Chung-il
Built Payment Platform Leader Amid IMF Crisis, Focuses on Integrated Prepaid Payment Systems
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Last Updated on Nov 21, 2024
Cho Chung-il is the Chairman and CEO of KONA I, a fintech company specializing in smart cards and payment platforms.
He was born on January 24, 1962, in Seoul.
Cho graduated from Daekwang High School and earned a degree in Physics from Sungkyunkwan University.
After working at Daewoo Telecom and Korea Information & Communications, he founded KB Technology, the predecessor of KONA I, in 1998.
In its early days, the company developed Korea’s first integrated transportation card system for buses and subways, laying the foundation for its growth.
Subsequently, Cho shifted focus to the smart card business utilizing IC chips, establishing KONA I as the leading company in this field in Korea.
He sees the company’s integrated prepaid payment system, “Kona Plate,” as a new growth driver and is actively working to expand its market presence.
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