The Bank of Korea designates banknote and coin series in a unique way. As opposed to putting These of similar style and problem dates in the identical series, it assigns series number X to the Xth structure of the supplied denomination.
Following the new banknotes and coins are minted, They're bundled or rolled and shipped into the headquarters with the Financial institution of Korea. When sent, They're deposited In the lender's vault, wanting to be distributed to commercial banking companies when asked for.
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The Financial institution of Korea is the only real establishment in South Korea with the proper to print banknotes and mint cash. The banknotes and cash are printed at the KOMSCO, a federal government-owned Company, underneath the advice on the Lender of Korea.
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