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* Date : 2019-05-22

The Chamber 09
Redenomination of the Korean Won

Redenomination, the process of changing the face value of banknotes and coins used in circulating currency, became a hot topic in Korea once again. Although Bank of Korea Governor Lee Ju-yeol and Finance Minister Hong Nam-ki announced that redenomination was not being considered, National Assembly members from both the ruling and opposition parties recently hosted a debate to discuss the necessity of abbreviating the unit of the Korean won from 1,000 to 1.
The par value of the Korean won has remained unchanged since 1962 despite the rapid growth of the economy. So, will it be really necessary to represent the country’s enhanced national status as the world’s 11th-largest economy?

“The Chamber” delves deeper into that question along with the pros and cons of undertaking denomination, foreign examples of redenomination and ways to make it a success.

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19 2019-07-31 Ep.19 Chairman Enrique Vilaplana of the Spanish Chamber of Commerce in Korea V
18 2019-07-24 Ep.18 Can Luxembourg Be Korea's Ideal Gateway to Europe? V
17 2019-07-17 Ep.17 Korea As An Economic Model for Developing Countries & Global Economic Prospects V
16 2019-07-10 Ep.16 Prospects for Korea-Saudi Arabia Economic Cooperation V
15 2019-07-03 Ep.15 NORDtalks 2019 – Climate Change & Green Transition V
14 2019-06-26 Ep.14 FKCCI Chairman David-Pierre Jalicon V
13 2019-06-19 Ep.13 Chris Raciti, Chair of AustCham Korea V
12 2019-06-12 Ep.12 Jeju Forum Special II : 2 Years of the New Southern Policy V
11 2019-06-05 Ep.11 Jeju Forum Special I: Korea-New Zealand Cooperation for Sustainable Development V
10 2019-05-29 Ep.10 Korea's New Growth Engine – Non-Memory Semiconductors V
9 2019-05-22 Ep.09 Redenomination of the Korean Won V
8 2019-05-15 Ep.08 2nd Anniversary of the Moon Jae-in Administration V
7 2019-05-08 Ep.07 Influencer Marketing V
6 2019-05-01 Ep.06 Korea's Demographic Deficit V
5 2019-04-24 Ep.05 The Era of 5G V
4 2019-04-17 Ep.04 A Guide to Techplomacy V
3 2019-04-10 Ep.03 Analysis of the Economic Effects of Inter-Korean Economic Cooperation V
2 2019-04-03 Ep.02 Industry 4.0 And Sharing Economy V
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