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Financial News

Tuesday June 23, 07:14 AM

 

 

Lee Seong-Tae, governor of the Bank of Korea, holds up the new 50,000 won (39 USD) bill

By Jung Yeon-Je

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Lee Seong-Tae, governor of the Bank of Korea, holds up the new 50,000 won (39 USD) bill at the central bank in Seoul. South Korea issued its first high-denomination banknote for 36 years, ending an era of bulging wallets and raising hopes among retailers that consumers may be enticed to spend more. Lee Seong-Tae, governor of the Bank of Korea, holds up the new 50,000 won (39 USD) bill at the central bank in Seoul. South Korea issued its first high-denomination banknote for 36 years, ending an era of bulging wallets and raising hopes among retailers that consumers may be enticed to spend more.


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