Signs of a troubled economy? Aside from the Korean won hitting its 11-year all time low… residents of South Korea will start to use 50,000-won this coming June.
Korea has admirably held on to only three paper bills (10,000-won, 5,000-won and 1,000-won) for thirty-six (36) years but the current global crisis is proving to be too tough. tsk. tsk.
Anyway, as reported in Korea Herald the woman in the soon-to-be circulating 50,000-won bill is “Shin Saim-dang, a prominent 16th-century female writer and calligraphist”. She is also known as the “wise mother,” as she is the mother of Yi I, a famous Confucian scholar from the Joseon Dynasty.