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Korea shifting to cashless society
The Bank of Korea is planning a "cashless society" by 2020. If a shopper buys a 9,500 won item and pays with a 10,000 won banknote, for instance, the shopper will be credited 500 won to his or her prepaid card instead of getting a 500 won coin in change.

Korea is not the only country wanting to become cashless.

"A number of developed countries are turning to non-cash policies to enhance the effectiveness of their economic systems," said Lee Hyo-chan, the head of the research center at the Credit Finance Institute. Sweden, which is one of the pioneers in this move, has a cash payment ratio around 20 percent, much lower than the global average of 75 percent. It restricts using cash for public transportation, and many banks do not handle cash. Some countries, mostly in Europe, ban using cash for large transactions, according to the institute.
cash  money  decline  Korea  review  opportunity  surveillance  KoreaTimes  2016 
march 2016 by inspiral

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