A Man in His 30s Who Torn and Reused 50,000-Won Bills Sentenced to 3 Years in Prison

A man in his 30s was sentenced to prison for damaging 50,000 won bills to create and use counterfeit currency.

[Asia Economy Intern Reporter Kim Bong-ju] A man in his 30s who damaged 50,000 won bills to create counterfeit currency and used them was sentenced to prison.

On the 16th, according to the Daejeon District Court, the Cheonan Branch 1st Criminal Division (Chief Judge Chae Dae-won) sentenced A (32), who was arrested and indicted on charges of currency forgery and use of forged currency, to three years in prison.

From February to April, A cut dozens of 50,000 won bills into five parts, leaving certain portions, and exchanged them for new bills at banks.

He committed the crime knowing that if the remaining part of the damaged currency was more than 80% of the whole, banks would exchange it for new bills.

A was caught and brought to trial after using 54 reconstructed 50,000 won bills, taped together from the remaining parts of the bills, in the Cheonan and Asan areas.

The court stated the sentencing reasons: "He tore off about 20% of each 50,000 won bill by hand and submitted the remaining parts to financial institutions, knowing they could be exchanged for new 50,000 won bills. He has a prior record of imprisonment for crimes involving securities or currency forgery and committed the crime during the probation period."

This content was produced with the assistance of AI translation services.