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Larger Bills Last Three Times Longer than Smaller Bills

Larger Bills Last Three Times Longer than Smaller Bills

SEOUL, Nov. 26 (Korea Bizwire) — South Korean banknotes have different lifetimes depending on their face value, with larger bills outliving the smallest bills by up to three times due mostly to the frequency of their use, a central bank report showed Tuesday. According to the report from the Bank of Korea (BOK), the country’s [...]

Sign Language Translation Coming to Disaster Broadcasts

Sign Language Translation Coming to Disaster Broadcasts

SEOUL, Apr. 12 (Korea Bizwire) – A series of disaster-related bills have been proposed by the National Assembly amid frequent fires, including wildfires in Gangwon Province. Rep. Kang Byong-won of the ruling Democratic Party announced on Thursday that he would propose a revision to the Act for Development of Broadcasting and Communications that requires broadcasters to provide [...]

20 Billion Won in Damaged Currency Exchanged over Past 5 Years

20 Billion Won in Damaged Currency Exchanged over Past 5 Years

SEOUL, Oct. 22 (Korea Bizwire) — More than 20 billion won in South Korean coins and bills has been traded in for new currency over the past five years. Rep. Shim Jae-chul, a member of the Strategy and Finance Committee at the National Assembly, said on Sunday that the value of damaged banknotes, including burnt [...]