The 100,000-won ($107) bill is likely to make a debut here probable in 2008 as the Ministry of Finance and Economy showed willingness Thursday to back off from its long-standing objection to the idea. The matter has long been a bone of contention. However, we welcome the move of having a higher denomination bank note, though belated considering our position as the 11th largest economic power.
A change in the value of the 10,000-won bill, the highest banknote here, shows the necessity of having 100,000-won bills. Since its debut in 1973, inflation has eroded its value to less than one-tenth of what it was. The volume of our gross domestic product (GDP) has made a whopping 60-times increase in the last 30 years and it is ridiculous to keep the 10,000-won bill as the highest denomination. Korea is the country with its highest-denomination banknote having the least face value among OECD member states.
http://times.hankooki.com/lpage/opinion/20...19192854040.htm
Full Version: 100,000-Won Bill (South Korea)
It's about time... Having only what are essentially $1, $5, and $10 notes is a joke.
It's might a lot easier if you remove two zeros from the won 
Would be internationally recognized.
Would be internationally recognized.
It is even interesting in China, which will become even more of an economic superpower, where the largest bill in circulation is 100 Yuan, worth about $12.00. If you have large transactions you carry around piles of Yuan, but then the smallest currency in circulation the 1 Jiao or 1/10th of a Yuan is worth about 1¢ in USA $. There are still a few of the Fen notes in circulation with the date of 1953, but still being circulated in rural areas, they are about 1/10 of a 1¢ US.
QUOTE(Scottishmoney @ Dec 25 2006, 07:54 AM) [snapback]286648[/snapback]
It is even interesting in China, which will become even more of an economic superpower, where the largest bill in circulation is 100 Yuan, worth about $12.00. If you have large transactions you carry around piles of Yuan, but then the smallest currency in circulation the 1 Jiao or 1/10th of a Yuan is worth about 1¢ in USA $. There are still a few of the Fen notes in circulation with the date of 1953, but still being circulated in rural areas, they are about 1/10 of a 1¢ US.
China is interesting as it is in many ways two countries - the modern major cities where a night out with a good dinner will cost a pile of red notes, and the countryside, where there are many struggling by with an annual household income of just a few hundred yuan, and every fen counts.
Yes, I remeber that I have eaten a good lunch for as little as 5 yuan in Jinan. 
And having a coffe at a cafe for about 20-25 yuan in Beijing 
And having a coffe at a cafe for about 20-25 yuan in Beijing
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