http://www.absolute-playstation.com/api_faqs/faq10.htm
By installing a security code, Sony can restrict the games that they want you to play. This is done for many reasons.
First, to ensure that the games you play on your unit are transmitted to the highest standards possible. This will only happen if the version of the game you are playing has been specifically developed with your PAL television in mind. Most gameplayers would be extremely irate if they purchased a game from their local dealer only to find that it played in black and white or produced a flickering picture. Perhaps no picture at all.
Second, world wide games would see the market blitzed with copies and pirate discs that are extremely inferior in both sound and visuals, thus damaging Sony's reputation for quality products.
Finally, copyright, censorship laws and controlled promotion would be thrown into confusion, damning a self regulated market to stricter government enforcement's.
Basicamente lo que lei es que la diferencia es el framerate, pero mas importante los lugares donde se distribuyen esos dos sistemas de video, tenes que saber que tipo de sistema usa la playstation en la que vas a jugar esos juegos

, tambien podes modificar el chip pero no lo recomiendan
NTSC:
BOLIVIA CANADA CHILE COLUMBIA CUBA EQUADOR GUATEMALA CENTRAL AMAERICA JAPAN SOUTH KOREA MEXICO PERU UNITED STATES VENEZUELA
PAL:
ALBANIA ALGERIA ANGOLA ARGENTINA AUSTRALIA AUSTRIA BELGIUM BOSNIA BOTSWANA BRAZIL CAMEROON CROATIA CHINA DENMARK HUNGARY FINLAND GERMANY GHANA GREAT BRITAIN HONG KONG ICELAND INDIA INDONESIA IRELAND ISRAEL ITALY KENYA NORTH KOREA LIBERIA LUXEMBOURG MALAWI MOZAMBIQUE NETHERLANDS NEW GUINEA NEW ZEALAND NIGERIA NORWAY PAKISTAN PARAGUAY PORTUGAL ROMANIA SIERRA LEONE SINGAPORE SOUTH AFRICA SPAIN SRI LANKA SWEDEN SWITZERLAND SYRIA TANZANIA THAILAND TURKEY UGANDA URUGUAY YUGOSLAVIA