The Lender of Korea designates banknote and coin collection in a singular way. In place of Placing All those of comparable style and design and challenge dates in a similar collection, it assigns sequence variety X on the Xth design and style of a offered denomination.
After the new banknotes and cash are minted, These are bundled or rolled and delivered on the headquarters in the Bank of Korea. When delivered, They are really deposited Within the financial institution's vault, prepared to be distributed to professional financial institutions when requested.
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The Financial institution of Korea is the only real institution in South Korea with the correct to print banknotes and mint cash. The banknotes and cash are printed in the KOMSCO, a federal government-owned Company, underneath the advice on the Lender of Korea.
New a hundred,000 received notes were also announced, but their release was later on cancelled a result of the controversy about the banknote's prepared graphic, showcasing the Daedongyeojido map, and not including the disputed Dokdo islands.