Korea tests value of e-money

E-money, a new currency system currently on trial in Korea, will supplant 20% of the country's total bank notes by 2004, according to a report released by the Korea Chamber of Commerce and Industry Tuesday. When e-money, now under limited use through a pilot project, is introduced on a national scale, it will replace 1.9 trillion won in bank notes by 2002, 4.3 trillion won in 2004, and 7.4 trillion won in 2008. E-money will account for 9.9 percent of total notes issued in 2002, 20 percent in 2004, and 28.9 percent in 2008. Full story. -- ZDNet Asia