A team of forgery specialists at KEB Hana Bank have confirmed that a USD 100 note found at a Seoul branch in November was a fake which was almost impossible to distinguish from real banknotes, they said.
"It was the first of a new kind of supernote ever found in the world," Yi Ho-Joong, head of the KEB Hana Bank's anti- counterfeit centre told AFP.
Previous "supernotes" were dated either 2001 or 2003 but the new forgery is dated 2006.
"You need facilities worth some USD 100 million to produce counterfeit bills of this quality and no crime rings would invest that much to make fake dollars," he said.
"Only state-level organisations can afford such facilities."
South Korean news media suggested the North might have resumed producing fake banknotes to circumvent tightening international sanctions against its nuclear and missile development.
But Yi said there was no evidence to link the newly found supernote to North Korea -- although Pyongyang has a track record of its diplomats getting caught with high-quality forgeries.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
