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<p>[QUOTE="mlov43, post: 3106006, member: 16729"]I doubt that they'll get rid of the 50,000-Won note.</p><p><br /></p><p>I think that Korean people love that higher-value note as wedding gifts and graduation or birthday money. And gamblers and gangsters love it even more! Before that note came along, they would just use piles of 10,000-Won notes, or even use high-value foreign notes, like the U.S. $100. Now that they've had a higher-value note for over a decade, I don't think they'll get rid of it. </p><p><br /></p><p>This whole cashless scheme, while it may still come about, will have to allow for some use of cash, I think. </p><p><br /></p><p>Remember, the cashless society of 2020 is "a government plan." Other "government plans" included an ebook reader in every student's hand and a robot in every house. Those were actual S. Korean government plans! Needless to say, they never came about... </p><p><br /></p><p>So will some notes get withdrawn and demonetized? </p><p>Only time will tell.[/QUOTE]</p><p><br /></p>
[QUOTE="mlov43, post: 3106006, member: 16729"]I doubt that they'll get rid of the 50,000-Won note. I think that Korean people love that higher-value note as wedding gifts and graduation or birthday money. And gamblers and gangsters love it even more! Before that note came along, they would just use piles of 10,000-Won notes, or even use high-value foreign notes, like the U.S. $100. Now that they've had a higher-value note for over a decade, I don't think they'll get rid of it. This whole cashless scheme, while it may still come about, will have to allow for some use of cash, I think. Remember, the cashless society of 2020 is "a government plan." Other "government plans" included an ebook reader in every student's hand and a robot in every house. Those were actual S. Korean government plans! Needless to say, they never came about... So will some notes get withdrawn and demonetized? Only time will tell.[/QUOTE]
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