On November 17, 2017, this commemorative banknote was issued to promote the 2018 PyeongChang Winter Olympics at home and abroad and boost the Olympics' successful hosting. Sophisticated anti-counterfeiting features equivalent to that of the 50,000-won note were applied to this first commemorative banknote ever issued in Korea. Speed skaters were chosen as the design theme for the front, and "Songhamaenghodo" (Tiger under the pine tree) by the renowned painter Kim Hong-do from the Joseon Dynasty was used for the back to depict the Korean national emblems, tiger and pine tree. The note's color is grey, which carries the atmosphere of winter, and it measures 140mm wide and 75mm tall.