Electronic Promissory Note started to reducing complexity in paper Promissory Note. In Recent the electronic documents and signature have the same validity as per documents and handwritten signatures. The movement of dematerializing promissory note is becoming common, and the National Assembly proposed Electronic Promissory Note Act of 2001 which is now being discussed in Korea. Especially the Electronic Credits is now becoming the most important means for payment of the business procurement both in on-line commerce and off-line commerce. Electronic Promissory Note has the same legal effect as the promissory note except that the Act provides to the Electronic Promissory Note specially.