South Korea to issue new 1,000- and 10,000-won notes in 2007


The Bank of Korea (BOK) announced that newly-designed 1,000- and 10,000-won notes with strengthened anti-forgery features will begin circulating on January 22, 2007. For more information, read this The Korea Times article and this one.

The Korea Minting and Security Printing Corporation has been delivering the new W1,000 notes to the BOK since May 19, 2006, and began printing the new W10,000 banknotes on July 7, 2006.

Update (12/22/06): Lawmakers were poised to approve the introduction of larger denominations as early as 2008.

Leave a Reply