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Logic 101

 
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Who's Your Daddy?



Joined: 30 May 2010
Location: Victoria, Canada.

PostPosted: Wed Apr 27, 2011 11:22 pm    Post subject: Logic 101 Reply with quote

Funny:

http://joongangdaily.joins.com/article/view.asp?aid=2934764

I love this line:

"if innocent consumers and vendors aren�t using the big volume of 50,000 won notes in circulation, it may be logical to assume that not-so-innocent people are."

No!
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RMNC



Joined: 21 Jul 2010

PostPosted: Wed Apr 27, 2011 11:40 pm    Post subject: Reply with quote

Duh, but it's still ridiculous to have a 10,000 not be the biggest cash when you deal in the millions. The 50,000 is needed.
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CentralCali



Joined: 17 May 2007

PostPosted: Thu Apr 28, 2011 2:57 am    Post subject: Reply with quote

Effectively, the largest note is 100,000 won, if you consider the Korean checks (really a money order) to be a note. The problem with using those for bribes and other illegal endeavors, of course, is they can be traced easily.

A more practical step, in my opinion, is to have a 20,000 won note. It's not that much more valuable than the 10,000 won note, but it will halve the size of the sheaf of cash one carries.


Last edited by CentralCali on Thu Apr 28, 2011 2:57 pm; edited 1 time in total
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Jane



Joined: 01 Feb 2003

PostPosted: Thu Apr 28, 2011 5:00 am    Post subject: Reply with quote

It's like the US dollar. There are more big bills outside the US than inside. I wish I could find the source of where I read or heard that.
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crisdean



Joined: 04 Feb 2010
Location: Seoul Special City

PostPosted: Thu Apr 28, 2011 5:08 am    Post subject: Reply with quote

CentralCali wrote:
Effectively, the largest note is 100,000 won, if you consider the Korean checks (really a money order) to be a note.


If you're going to consider the 100,000 won check, then you should consider the 1,000,000 won check as well.
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dltmdgk0711



Joined: 20 Apr 2007

PostPosted: Thu Apr 28, 2011 7:27 am    Post subject: Reply with quote

The world would be much better off if we all just got microchipped and the money was stored inside our brains. Then they could just scan our brains, or we could send the money via internet and our brains connect wirelessly.

Some of you might think that's a bad idea, but cavemen probably thought flying was a bad idea too...
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Kuros



Joined: 27 Apr 2004

PostPosted: Thu Apr 28, 2011 7:34 am    Post subject: Reply with quote

CentralCali wrote:
Effectively, the largest note is 100,000 won, if you consider the Korean checks (really a money order) to be a note. The problem with using those for bribes and other illegal endeavors, of course, is they an be traced easily.

A more practical step, in my opinion, is to have a 20,000 won note. It's not that much more valuable than the 10,000 won note, but it will halve the size of the sheaf of cash one carries.


I want to hear more about these 100,000 won Korean money orders.
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Mr. Peabody



Joined: 24 Sep 2010
Location: here

PostPosted: Thu Apr 28, 2011 2:32 pm    Post subject: Reply with quote

Kuros wrote:
CentralCali wrote:
Effectively, the largest note is 100,000 won, if you consider the Korean checks (really a money order) to be a note. The problem with using those for bribes and other illegal endeavors, of course, is they an be traced easily.

A more practical step, in my opinion, is to have a 20,000 won note. It's not that much more valuable than the 10,000 won note, but it will halve the size of the sheaf of cash one carries.


I want to hear more about these 100,000 won Korean money orders.

You can get them at any bank and most ATM's.
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