Coinless Society Archives | Be Korea-savvy

Bank of Korea Moves Closer to Vision of Coinless Society

SEOUL, Aug. 24 (Korea Bizwire) — A Bank of Korea proposal on how to reduce the amount of pocket change Koreans carry around has proven to be a success among the selected stores the new service is being tested at. The bank has made it possible for shoppers at three major convenience store chains and [...]

South Korea Begins Pilot Project for “Coinless Society”

SEOUL, April 19 (Korea Bizwire) – South Korea plans to launch a pilot project for a coinless society this week, South Korea’s central bank said Wednesday, a move that could enhance convenience for ordinary people. Under the project set to begin Thursday, consumers can deposit small change left from purchases of goods into their prepaid [...]