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V11 2008 INDEX
E-SYLUM ARCHIVE
SOUTH KOREA CANCELS PLANNED BANKNOTE OVER MAP MIXUP
A December 18th news story reports that South Korea is nixing plans to issue a new banknote because the map it depicts omits some disputed territory. -Editor
Korea has shelved plans to issue a 100,000 won (S$107.71) banknote because a map printed on its back was found to have omitted islands also claimed by Japan, an official said on Thursday. The central Bank of Korea decided in May last year to issue 50,000 won and 100,000 won bills, adding to the existing 1,000, 5,000 and 10,000 won notes. It unveiled final designs of the 50,000 and 100,000 won bills late last year.
'The issuance of the 100,000 won banknote has been suspended because of problems with its design,' the official at the Ministry of Strategy and Finance told AFP on condition of anonymity.
The famous 19th-century map fails to include Dokdo, a group of islets in the Sea of Japan (East Sea) which are disputed with Japan.
Tokyo's renewed claim to the tiny islands sparked angry protests in Seoul this year.
Local news reports said, however, that the real reason for the postponement was the front design which features Kim Gu, a nationalist who led the anti-Japanese struggle during the 1910-1945 colonial era.
To read the complete article, see: SKorea shelves new banknote (http://www.straitstimes.com/Breaking%2BNews/
Asia/Story/STIStory_315903.html)
Wayne Homren, Editor
The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org.
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