The E-Sylum:  Volume 10, Number 18, May 6, 2007, Article 39

SOUTH KOREA PLANS LARGER DENOMINATION BANKNOTES

"The Bank of Korea said it plans to issue bills with larger
denominations, as the need for larger bills has increased with
the expansion of the economy.

"The highest-denomination bank-note, for 10,000 won, is valued
at only $10.74. The central bank will issue notes of 50,000 won
and 100,000 won possibly by the first half of 2009.

"Since the 10,000-won note was introduced in 1973, prices have
risen by a factor of 12, while the nation's income has increased
more than 150 times, the central bank said."

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  Wayne Homren, Editor

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