Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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[Herald Interview] Why Toss invited hackers to penetrate its system
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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The number of counterfeit South Korean banknotes detected here dropped 58.3 percent in 2016 from a year earlier, the central bank said Wednesday.
A total of 1,373 counterfeit bills were found last year, compared to 3,293 in the previous year, according to the Bank of Korea.
The decline came as the number of fake 50,000-won bills fell 99.1 percent on-year to 19 last year. In 2015, four people were caught making 2,012 fake 50,000-won bills, though none of the counterfeit bills were circulated.
In South Korea, the 50,000-won bill ($43) is the highest denomination.
The central bank said the number of counterfeit South Korean bills found in every 1 million banknotes in circulation dropped to 0.3 in 2016. (Yonhap)
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