South Koreans will not have to carry a fat wallet full of 10,000-won notes any more, with a new 50,000-won bill scheduled to make its official debut in June.
Unveiling a specimen of the new bill, the Bank of Korea (BOK) said Wednesday that they will enter circulation sometime during that month.
The new note will be the nation’s largest-denomination bill. Currently, 10,000-won notes are the highest available, followed by 5,000 won and 1,000 won.
Shin Saim-dang, a renowned female writer and calligraphist who died in 1551, is featured on the note. It will be the first time that a woman has appeared on Korean banknotes. Shin is widely referred to as the symbol of a “wise mother and good wife.”
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