50,000 Korean won bills account for 84.6% of total banknote value in circulation: BOK

February 25, 2020

Ten years have passed since South Korea first
distributed its 50-thousand won bills, but they now account for almost 85 percent of
the value of all banknotes in circulation in the country. The Bank of Korea said last month that the
bills made roughly 37 percent of all bills, and that they had a combined value of over
83 billion U.S. dollars. South Korea began printing the largest denomination
bill, worth some 42 dollars, 50 cents each, in June 2009. Nearly four billion of them have been printed
over the past ten years.

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