Counterfeit Banknotes in South Korea Drop Sharply in H1 2026
Auf einen Blick
- South Korea detected 41 counterfeit banknotes in the first half of 2026, a 33.9% decrease from the previous year, due to increased cashless transactions.
- The Bank of Korea reported a significant drop compared to other major economies.
KI-generierte Zusammenfassung
Warum es wichtig ist
The number of counterfeit banknotes detected in South Korea has been declining steadily in recent years due to a growing preference for non-cash payment methods.
SEOUL, July 8 (Yonhap) -- The number of counterfeit banknotes detected in South Korea fell sharply during the first half of 2026 as cashless transactions became more widespread, the central bank said Wednesday.
A total of 41 counterfeit banknotes were found in the first six months of the year, down 33.9 percent from 62 a year earlier, according to the Bank of Korea (BOK).
The figure has declined steadily in recent years amid a growing preference for non-cash payment methods, falling below 100 for the first time on an annual basis in 2025.
The BOK said South Korea detected about 0.6 counterfeit banknotes per 100 million notes in circulation, compared with 4,229 in Britain, 1,461 in the eurozone, 1,411 in Canada and 8.6 in Japan.
Offene Fragen
- What specific measures contributed to the decline?
- What are the BOK's future plans regarding counterfeit detection?
