There are two kinds of Korean currency: paper money and coins. There are four kinds of paper money: 1000 won, 5000 won, 10000 won and 50000 won, which are easy to distinguish according to the historical figures and colors printed on the paper money. Korean coins have a total of 1 won, 5 won, 10 won, 50 won, 100 won, 500 won and 6 currencies.

There are four kinds of coins in circulation: 10 won, 50 won, 100 won and 500 won (10 won is the smallest unit). Because the exchange rate of won is high and worthless, the circulation of 1 yuan and 5-yuan coins 200 1 year stopped. On June 23, 2009, the Bank of Korea, the central bank of Korea, issued a banknote with a denomination of 50,000 won (about 40 US dollars), which is the largest banknote issued by the country so far.

Cash receipt and payment

In 20201February, the central bank issued an announcement on regulating the cash receipt and payment of RMB, requiring large and medium-sized commercial institutions, especially those in wholesale and retail, catering and accommodation, residential services, culture, sports and entertainment, to set up cash receipt and payment channels.

Railway, road passenger transport, urban bus and tram, urban rail transit, port passenger station, ferry terminal and other business entities should set up cash payment channels or provide conversion means. The public can defend their rights in accordance with the Announcement of the People's Bank of China (No.18, 2020) when they encounter the behavior of refusing cash.