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 [...]
SEOUL, Dec. 1 (Korea Bizwire) – The Bank of Korea announced Thursday a pilot project to allow convenience store customers to charge their prepaid public transportation cards using spare change, the first step forward to a “coinless society.” According to representatives, the BOK will begin a selection process of convenience store franchises that will take [...]
SEOUL, Sept. 22 (Korea Bizwire) – Commemorative coins for the next winter Olympics were unveiled Thursday by the PyeongChang 2018 organizing committee. Manufactured by the state-run Korea Minting and Security Printing Corporation, the complete set features two gold coins, eight silver coins and one brass coin. The coins will be sold by 10 financial institutions [...]
SEOUL, June 14 (Korea Bizwire) – A ruthless employer has chosen to pay his foreign workers their overdue wages with 22,000 coins. Foreign workers from Uzbekistan who worked at a construction site in South Gyeongsang Province’s Changnyeong County were given unpaid wages of 4.4 million won on June 9, all in coins. The builder gave them [...]