Central Banking

Korea's forged bank notes soar in 1st quarter

SOUTH KOREA - The number of attempts to use counterfeit bank notes in the first quarter of the year increased dramatically in South Korea, due mainly to easier access to computer scanners and colour photocopiers it is reported.

According to the Bank of Korea (BOK) yesterday, there were 122 reported cases of currency forgery involving 573 bills during the first three months of the year, up 92.9 percent or 276 bills from the previous year's 297 bills.

Apparently, 10,000 won bills were the most po