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Jizzo T. Clown
Joined: 27 Mar 2006
Location: at my wit's end
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 Posted: Wed Jul 04, 2007 9:16 pm Post subject: |
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| safeblad wrote: |
| ajgeddes wrote: |
| genezorm wrote: |
| i hear there is also a thing called a credit card that some people like to use for big purchases |
Good, another Noob with attitude.
I once paid in 10,000 won bills for something that was 850,000. |
i put down 1 milion key money and paid 10 months rent, grand total 4 million paid in man won. Do I win? |
Why do these things always turn into pissing contests?  |
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genezorm
Joined: 01 Jul 2007
Location: Mokpo
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| Posted: Wed Jul 04, 2007 9:48 pm Post subject: |
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when i bought my apartment...i paid for it in cash
it was 90,000,000 won
i had it all in 10,000 wons, in a duffel bag.....but i didn't feel gansta enough....so i went to the bank and asked them for some smaller bills
Last edited by genezorm on Wed Jul 04, 2007 9:58 pm; edited 1 time in total |
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safeblad
Joined: 17 Jul 2006
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| Posted: Wed Jul 04, 2007 9:57 pm Post subject: |
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| Jizzo T. Clown wrote: |
Why do these things always turn into pissing contests? |
tw@t, what are people supposed to do here if not tell and compare stories? its hardly a who has the biggest nob internet hardman thing. |
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Jizzo T. Clown
Joined: 27 Mar 2006
Location: at my wit's end
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| Posted: Wed Jul 04, 2007 10:19 pm Post subject: |
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When you say things like "I win," then yes it is a biggest-knob thing.
Don't worry, I wasn't insulting your manhood.
And do you kiss your mother with that mouth?? |
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safeblad
Joined: 17 Jul 2006
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| Posted: Wed Jul 04, 2007 10:33 pm Post subject: |
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| Jizzo T. Clown wrote: |
When you say things like "I win," then yes it is a biggest-knob thing.
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When you take random words of my quote and use them out of context then its a your a tw@t thing. Honestly do you have nothing better than to complain that everything is turning into a contest?(i see you) I was trying to invite responses cause frankly i would have been interested, instead I just got you being a d1ck. fantastic. |
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Jizzo T. Clown
Joined: 27 Mar 2006
Location: at my wit's end
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| Posted: Wed Jul 04, 2007 10:57 pm Post subject: |
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| safeblad wrote: |
| Honestly do you have nothing better than to complain that everything is turning into a contest? |
No, I don't.
edit: Since I've detracted from this thread, here's something to get it back on track:
http://www.mapsofworld.com/korea/korea-exchange.html
| Quote: |
The currency followed in South Korea is South Korean won (KRW). It has been the currency of South Korea from 1962. Earlier won was divided into 100 jeon. However, it is no more used now. The origin of the currency Won is the same as the currency of China (Yuan) and the currency of Japan (Yen). These three names have come from the Chinese character ? that means circular shape. The first coins which were circulated in 1966 were made of brass in denominations of one, five and 10 won.
Coins are found in denominations of 10 KRW, 50 KRW,100 KRW and 500 KRW. The notes are found in denominations of 1000KRW, 5000KRW and 10,000 KRW. There are talks going on in South Korea to issue 50,000 and 100,000 bank notes in the next two years. The 10,000 won note is the highest valued bill. For large transactions 100,000 won bank cheques are used and given out by ATM'S.
The present Korea exchange rate s are
1US$=928.75 KRW
1AUD=777.83 KRW
1 British Pound=1858.7 KRW
1EUR(Euro)=1261.8 KRW
The 10,000 won note is the highest valued bill. For large transactions 100,000 won bank cheques are used given out by ATM'S.
Some new changes have come about in the bank notes. The Bank seal has changed from red circle to a square ,color same as the color of the particular note. Moreover, the Bank's name printed on the backside of the note has changed from "The Bank of Korea" to "Bank of Korea". Some security measures have also been introduced on the bank notes like the introduction of EURion constellation on every bank note. Previously it was applicable only for Series V 10,000 won notes. Now on there will be color changing holograms for 5000 and 10,000 won notes.
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aditya
Joined: 22 May 2007
Location: Inha University, Incheon
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| Posted: Thu Jul 05, 2007 12:14 am Post subject: |
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even india has 1000 rupee note (~~ 20,000 won)
korea must bring out bigger notes soon
but wat i love abt the new notes is tht they fit very well in teh wallet...
the old notes just DONT! they are too wide |
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just alittlecrazy
Joined: 30 Nov 2006
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| Posted: Thu Jul 05, 2007 1:03 am Post subject: |
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| genezorm wrote: |
when i bought my apartment...i paid for it in cash
it was 90,000,000 won
i had it all in 10,000 wons, in a duffel bag.....but i didn't feel gansta enough....so i went to the bank and asked them for some smaller bills |
why didn't you use your credit card? |
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that guy
Joined: 29 Feb 2004
Location: long gone
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| Posted: Thu Jul 05, 2007 1:29 am Post subject: |
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| Axl Rose wrote: |
| Those checks - you just get them from an ATM and use them like cash, right? Or what? I'm gonna take a wad to the airport and change it there and 100 checks would be great. |
A buddy of mine took eight million in cash to the airport and had no problem. When you cash the cheques, the teller will want to see id and take info like where you live. I have no idea but, if you're leaving the country, there could be problems.
Anyone cash out at the airport using cheques? |
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passport220
Joined: 14 Jun 2006
Location: Gyeongsangbuk-do province
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| Posted: Thu Jul 05, 2007 1:59 am Post subject: |
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| genezorm wrote: |
| i hear there is also a thing called a credit card that some people like to use for big purchases |
I had used a Visa debit card for years before I came to Korea - I think I was the first kid on my block to have one. I spent a large part of my life with no cash on me save a US $50 bill that I had folded into a little square and hid in the corner of my wallet to use only in case of an emergency. I put the bulk of my cash in my US bank account into a CD before I left for Korea.
Ahh�the good old days of living in a place with a modern, accessible banking system. As a foreigner, do you know where I can get a card like that? |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Thu Jul 05, 2007 2:14 am Post subject: |
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| I got a supercheck card from KEB. Its like your usual visa checkcard. Except you can't use it internationally. |
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Pak Yu Man
Joined: 02 Jun 2005
Location: The Ida galaxy
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| Posted: Thu Jul 05, 2007 5:45 am Post subject: |
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Pussies! You all suck. If you are going to buy something expensive...be a real man and use only 10 won coins  |
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Qinella
Joined: 25 Feb 2005
Location: the crib
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| Posted: Thu Jul 05, 2007 6:01 am Post subject: Re: Why doesn't Korea have... |
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| unknown9398 wrote: |
| Qinella wrote: |
| unknown9398 wrote: |
| minorthreat wrote: |
| ... a bill larger than man won? It's kind of inconvenient to carry around huge wads of them when you want to make a fairly sizable purchase, although it does kind of make you feel richer than you actually are. |
One reason is that smaller bills make it difficult to conduct large cash transactions (i.e., illegal). |
haha I've heard that theory and it makes me laugh every time. I tried to explain it to a few friends and family back home and they were completely flabbergastinationed. No wonder the US has so much corruption--those damn 20 dollar bills!!!!!!! |
What theory makes you laugh? Most illegal enterprises deal in cash and they must have a way to launder it, (get back into the system so that it appears to have been generated legally.) That way they can invest it in legitmate things like real estate. Trying to buy a house or car with cash will generate a lot of unwanted attention from the authorities, something criminals try to avoid. |
None of that has to do with denomination size. Cash is cash. If I buy a car with 100-dollar bills, it's no less suspicious than if I'd used 50-dollar bills.
The funny part seems kinda obvious. |
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kotakji
Joined: 23 Oct 2006
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| Posted: Thu Jul 05, 2007 11:23 am Post subject: Re: Why doesn't Korea have... |
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| Qinella wrote: |
None of that has to do with denomination size. Cash is cash. If I buy a car with 100-dollar bills, it's no less suspicious than if I'd used 50-dollar bills.
The funny part seems kinda obvious. |
On the contrary Qinella, from what Ive been told by numerous Koreans is that its not an issue of just laundering money but passing on bribes to public figures. Ask your closest Korean friend about 'peach boxes' for example. I am NOT saying it necessarily makes alot of sense in the long run, but thats the thinking behind it. IE if you want to bribe an assemblyman with a half billion won, it will literally take up alot more physical space and be alot more visible then just slipping a briefcase full of 100's to your target. Remember those bank checks are theoretically more traceable then common currency. |
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Young FRANKenstein
Joined: 02 Oct 2006
Location: Castle Frankenstein (that's FRONKensteen)
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| Posted: Fri Jul 06, 2007 2:26 pm Post subject: |
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| safeblad wrote: |
| Do I win? |
Hardly; 5+ million for a business/first class flight home, all in manners (man wonners?) |
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