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The E-Sylum:  Volume 9, Number 4, January 22, 2006, Article 18

KOREAN BANKNOTE AND COINAGE CHANGES

The Korea Times writes: "The Bank of Korea (BOK) Tuesday
unveiled the design of a new 1,000-won banknote with new
features designed to stem forgery.

The color of the new note will change from the current
reddish violet to blue and its size will be smaller than
the old one. The new bill is 13.6 centimeters long and 6.8
centimeters wide; 6 millimeters smaller than the new
5,000-won bill in width and exactly the same in length."

"On Friday, the BOK said it is considering issuing new
10-won coins, using different material to the old ones,
following reports that some people melt 10-won coins to
extract the cooper and zinc to produce accessories for
sale. It said manufacturing costs for the 10-won coin
have soared 15 times since its first release in 1966
because of surging copper and zinc prices."

To read the complete story, see: Full Story

  Wayne Homren, Editor

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