Как пишется валюта вон

Вона (рус.)
대한민국 원 / 大韓民國 圓 (кор.)
Won (англ.)
Won  (фр.)
Currency South Korea.jpg
монеты и банкноты в обращении
Коды и символы
Коды ISO 4217 KRW (410)
Символы ₩ • 원 •  •
Территория обращения
Страна-эмитент  Республика Корея
Производные и параллельные единицы
Дробные чон (1100)
Монеты и банкноты в обращении
Монеты 1, 5, 10, 50, 100, 500 вон
Банкноты 1000, 2000, 5000, 10 000, 50 000 вон
История валюты
15.08.1945 (I раз)
09.06.1962 (II раз)
Валюта-предшественник Корейская иена
Южнокорейский хван
Эмиссия и производство монет и банкнот
Эмиссионный центр (регулятор) Банк Кореи
  www.bok.or.kr
1 RUB 21,69 KRW
1 USD 1310 KRW
1 EUR 1340 KRW
1 GBP 1590 KRW
1 JPY 9,847 KRW
Инфляция в 2020 году
Инфляция 0,7% (август)[1]

У этого термина существуют и другие значения, см. Вона (значения).

Южнокоре́йская во́на (кор. ?, ?, вон) — денежная единица Республики Корея.

Название вона в русском языке происходит от словосочетания 원화 (произносится как вонхва), дословно: валюта Вон.

В обращении находятся банкноты номиналом 1000, 2000, 5000, 10000 и 50000 вон и монеты номиналом 1, 5, 10, 50, 100 и 500 вон.

Так как монеты в 1 и 5 вон встречаются редко, расчёты разрешается округлять до 10 вон.

История

В 1945 году, после Второй мировой войны, произошел раскол страны на Южную и Северную Корею. Тогда же была введена новая валюта – вона.

Первоначально корейская вона была привязана к доллару США по курсу 15 вон за 1 доллар. Затем последовала серия девальваций, часть из которых была связана с Корейской войной.

К 1951 году вона обесценилась до 6000 вон за 1 доллар. В попытке решить данную проблему в 1953 году была введена новая валюта – хван, со ставкой 1 к 100 по отношению к воне.

Фиксированный курс первой корейской воны
Дата установления Южнокорейских вон
за доллар США
1 августа 1945 года 15
15 июля 1947 года 50
1 октября 1948 года 450
14 июня 1949 года 900
1 мая 1950 года 1800
1 ноября 1950 года 2500
1 апреля 1951 года 6000

Вона была вновь введена в обращение 9 июня 1962 года. Обмен новых денег производился в соотношении: 1 вона = 10 хванов. 22 марта 1975 года, после изъятия из обращения последних монет, с номиналом в хванах, вона стала единственным законным платёжным средством. Ей был присвоен код ISO 4217 — KRW. В момент введения воны в 1962 году, её курс был искусственно прикреплён к курсу доллара США в соотношении 125 вон = 1 доллар. Изменение закреплённого курса в период с 1962 года по 1980 год показано в таблице.

Фиксированный курс второй корейской воны
Дата установления Южнокорейских вон
за доллар США
10 июня 1962 года 125
3 мая 1964 года 255
3 августа 1972 года 400
7 декабря 1974 года 480
12 января 1980 года 580

В обращении также была монета «чон» (кор. ?, ?) достоинством 1/100 воны, однако в связи с удешевлением воны она не используется.

С 27 февраля 1980 года стали предприниматься шаги по переходу к плавающему валютному курсу. Окончательный переход к свободному курсу произошёл 24 декабря 1997 года, когда было достигнуто соглашение с Международным валютным фондом.[2] Вскоре после этого, в результате азиатского финансового кризиса, вона обесценилась почти в два раза.

Монеты

До 1966 года единственными монетами, находящимися в обращении, были 10 и 50 хван, использовавшиеся как 1 и 5 вон соответственно. Новые монеты, с номиналом в вонах, были выпущены Банком Кореи 16 августа 1966 года. Это были 1, 5 и 10 вон. В данных монетах впервые был использован не корейский календарь, а даты, отсчитываемые от начала нашей эры. Монеты 10 и 50 хван изъяты из обращения 22 марта 1975 года.

В 1968 году монета достоинством 1 вон из латуни была заменена на алюминиевый аналог, так как её реальная стоимость стала превышать номинальную. В целях дальнейшего снижения стоимости производства монет, в 1970 году были выпущены новые монеты 5 и 10 вон из латуни вместо бронзы. В этот же год в обращение введена медно-никелевая монета 100 вон, а в 1972 году — 50 вон.

12 июня 1982 года, из-за инфляции и возросшей популярности торговых автоматов, в обращение была введена монета номиналом 500 вон. В январе 1983 года, с целью стандартизации монетной системы, была выпущена новая серия монет: 1, 5, 10, 50 и 100 вон. Монеты были выполнены в том же стиле, что и 500 вон, но с сохранением тем старых монет.

Изображения Номинал
(вон)
Диаметр
(мм)
Масса
(г)
Толщина
(мм)
Материал Гурт Аверс Реверс Даты
Аверс Реверс выпуска чеканки изъятия
1 won 1966 obverse.jpeg 1 won 1966 reverse.jpeg 1 17,2 1,70 1,14 латунь
60 % медь
40 % цинк
гладкий гибискус сирийский, номинал,
название банка
номинал, название банка,
год чеканки
16 августа
1966
1966, 1967 1 декабря
1980
1 won 1968 obverse.jpeg 1 won 1968 reverse.jpeg 0,73 1,54 алюминий 26 августа
1968
1968—1970, 1974—1982 1992
1 won 1983 obverse.jpeg 1 won 1983 reverse.jpeg 1,2 гибискус сирийский, номинал 15 января
1983
1983—1985, 1987—1991,
с 1995
в обращении
5 won 1966 obverse.jpeg 5 won 1966 reverse.jpeg 5 20,4 3,90 1,48 Бронза
88 % медь
12 % цинк
гладкий Кобуксон, номинал,
название банка
номинал, название банка,
год чеканки
16 августа
1966
1966 1992
5 won 1970 obverse.jpeg 5 won 1970 reverse.jpeg 2,95 1,33 латунь
65 % медь
35 % цинк
16 июля
1970
1970—1972, 1978—1982 1992
5 won 1983 obverse.jpeg 5 won 1983 reverse.jpeg Кобуксон, номинал 15 января
1983
1983, 1987—1991,
1995—1997, с 1999
в обращении
10 won 1966 obverse.jpeg 10 won 1966 reverse.jpeg 10 22,9 4,22 1,45 бронза
88 % медь
12 % цинк
гладкий Таботхап, номинал,
название банка
номинал, название банка,
год чеканки
16 августа
1966
1966—1970 в обращении
10 won 1970 obverse.jpeg 10 won 1970 reverse.jpeg 4,06 1,4 латунь
65 % медь
35 % цинк
16 июля
1970
1970—1975, 1977—1982
10 won 1983 obverse.jpeg 10 won 1983 reverse.jpeg 1,43 Таботхап, номинал 15 января
1983
1983, 1985—2009
10 won 2006 obverse.jpeg 10 won 2006 reverse.jpeg 18,0 1,22 1,2 алюминий, покрытый медью
48 % медь
52 % алюминий
18 декабря
2006
с 2006
50 won 1972 obverse.jpeg 50 won 1972 reverse.jpeg 50 21,6 4,16 1,6 70 % медь
18 % цинк
12 % никель
рубчатый цветок риса, номинал номинал, название банка,
год чеканки
1 декабря
1972
1972—1974, 1977—1982 в обращении
50 won 1983 obverse.jpeg 50 won 1983 reverse.jpeg 1,52 15 января
1983
1983—1985,
с 1987
100 won 1970 obverse.jpeg 100 won 1970 reverse.jpeg 100 24,0 5,42 1,6 Медно-никелевый сплав
75 % медь
25 % никель
рубчатый Ли Сунсин, номинал,
название банка
номинал, год чеканки 30 ноября
1970
1970—1975, 1977—1982 в обращении
100 won 1983 obverse.jpeg 100 won 1983 reverse.jpeg Ли Сунсин, номинал номинал, название банка,
год чеканки
15 января
1983
с 1983
500 won 1982 obverse.jpeg 500 won 1982 reverse.jpeg 500 26,5 7,70 2 медно-никелевый сплав
75 % медь
25 % никель
рубчатый Журавль, номинал номинал, название банка,
год чеканки
12 июня
1982
1982—1984, 1987—1997,
с 1999
в обращении

Банкноты

Серия 1950-1953 годов [1]  (кор.)
Изображение Номинал Размеры Основные цвета Описание Даты
Аверс Реверс Аверс Реверс выпуска изъятия
100 won 1950 obverse.jpg 100 won 1950 reverse.jpg 100 вон 158×78 коричневый Кванхвамун Номинал 22 июля 1950 17 февраля 1953
500 won 1952 obverse.jpg 500 won 1952 reverse.jpg 500 вон 145×61 синий Ли Сын Ман пагода Гонвон в Сеуле 10 октября 1952
1000 won 1950 obverse.jpg 1000 won 1950 reverse.jpg 1000 вон 171×78 зелёный Номинал 22 июля 1950
1000 won 1952 obverse.jpg 1000 won 1952 reverse.jpg 145×61 синий пагода Гонвон в Сеуле 10 октября 1952
Серия Thomas De La Rue (1962)[2] (кор.)
Изображение Номинал
(вон)
Размеры
(мм)
Основные цвета Описание Даты
Лицевая сторона Оборотная сторона Лицевая сторона Оборотная сторона выпуска изъятия
1 won obverse.jpeg 1 won reverse.jpeg 1 94×50 розовый символ Банка Кореи номинал 10 июня
1962
20 мая
1970
5 won obverse.jpeg 5 won reverse.jpeg 5 синий 1 мая
1969
10 won serieI obverse.jpeg 10 won serieI reverse.jpeg 10 108×54 зелёный 1 сентября
1962
50 won serieI obverse.jpeg 50 won serieI reverse.jpeg 50 156×66 оранжевый каменный остров Хэгымган
рядом с городом Кодже
факел, номинал 20 мая
1970
100 won serieI obverse.jpeg 100 won serieI reverse.jpeg 100 зелёный ворота независимости 14 февраля
1969
500 won serieI obverse.jpeg 500 won serieI reverse.jpeg 500 серый Суннемун 3 февраля
1967
Масштаб изображений — 1,0 пикселя на миллиметр.
Серия KOMSCO (1962—1969) [3] (кор.)
Изображение Номинал Размеры
(мм)
Основные цвета Описание Даты
Лицевая сторона Оборотная сторона Лицевая сторона Оборотная сторона выпуска изъятия
10 jeon obverse.jpeg 10 jeon reverse.jpeg 10 чонов 90×50 синий Надпись «Банк Кореи»
и номинал (по-корейски)
Надпись «Банк Кореи»
и номинал (по-английский)
1 декабря
1962
1 декабря
1980
50 jeon obverse.jpeg 50 jeon reverse.jpeg 50 чонов коричневый
10 won serieII obverse.jpeg 10 won serieII reverse.jpeg 10 вон 140×63 фиолетовый Чхомсондэ Кобуксон 21 сентября
1962
30 октября
1973
50 won serieII obverse.jpeg 50 won serieII reverse.jpeg 50 вон 149×64 зелёный
оранжевый
синий
пагода Гонвон в Сеуле сигнальный огонь, гибискус сирийский 21 марта
1969
100 won serieII obverse.jpeg 100 won serieII reverse.jpeg 100 вон 156×66 зелёный ворота независимости павильон Кёнхору в Кёнбоккуне 1 ноября
1962
100 won serieIII obverse.jpeg 100 won serieIII reverse.jpeg Седжон Великий главное здание Банка Кореи 14 августа
1965
1 декабря
1980
500 won serieII obverse.jpeg 500 won serieII reverse.jpeg 500 вон 165×73 коричневый Суннемун Кобуксон 16 августа
1966
10 мая
1975
Масштаб изображений — 1,0 пикселя на миллиметр.
Серия 1972—1973 гг. [4] (кор.)
Изображения Номинал Размеры Основной цвет Описание Дата Обозначение
серии
Место
печати
Аверс Реверс Аверс Реверс Водяной знак выпуска изъятия
5000 won serieI obverse.jpeg 5000 won serieI reverse.jpeg ₩5000 167 × 77 мм Коричневый Ли И Главное здание Банка Кореи 1 июля 1972 1 декабря 1980 Серия I (가) Thomas de la Rue[3]
10000 won serieI obverse.jpeg 10000 won serieI reverse.jpeg ₩10 000 171 × 81 мм Коричневый Седжон Великий, Роза Шарона Кынджонджон в Кёнбоккуне 12 июня 1973 10 ноября 1981 Серия I (가) В Японии[4]
Серия 1973—1979 гг. [5] (кор.)
500 won serieIII obverse.jpeg 500 won serieIII reverse.jpeg ₩500 159 × 69 мм Зелёный и розовый Ли Сунсин, Кобуксон Гробница Ли Сунсина Нет 1 сентября 1973 12 мая 1993 Серия III (다)
1000 won serieI obverse.jpeg 1000 won serieI reverse.jpeg ₩1000 163 × 73 мм Фиолетовый Ли Хван, Роза Шарона Конфуцианская школа Досан 14 августа 1975 Серия I (가) В Японии[5]
5000 won serieII obverse.jpeg 5000 won serieII reverse.jpeg ₩5000 167 × 77 мм Оранжевый Ли И Очжукхон в Канныне 1 июня 1977 12 мая 1993 Серия II (나) В Японии[3]
10000 won serieII obverse.jpeg 10000 won serieII reverse.jpeg ₩10 000 171 × 81 мм Зелёный Седжон Великий, водяные часы Павильон Кёнхору в Кёнбоккуне, Роза Шарона 15 июня 1979 12 мая 1993 Серия II (나) В Японии[4]
Серия 1983—2002 гг. [6] (кор.)
Изображения Номинал Размеры Основной цвет Описание Дата Обозначение
серии
Модификация
Аверс Реверс Аверс Реверс Водяной знак выпуска
1000 won serieII obverse.jpeg 1000 won serieII reverse.jpeg ₩1000 151 × 76 мм Фиолетовый Ли Хван Конфуцианская школа Досан Перевёрнутый портрет 11 июня 1983 Серия II (나)
5000 won serieIII obverse.jpeg 5000 won serieIII reverse.jpeg ₩5000 156 × 76 мм Оранжевый Ли И Очжукхон в Канныне 11 июня 1983 Серия III (다)
5000 won serieIV obverse.jpeg 5000 won serieIV reverse.jpeg 12 июня 2002 Серия IV (라) На рельефные метках для слабовидящих усилены цвета, «ныряющая» металлизированная полоса, авторская подпись
10000 won serieIII obverse.jpeg 10000 won serieIII reverse.jpeg ₩10 000 161 × 76 мм Зелёный Седжон Великий, водяные часы Павильон Кёнхору в Кёнбоккуне 8 октября 1983 Серия III (다)
10000 won serieIV obverse.jpeg 10000 won serieIV reverse.jpeg 20 января 1994 Серия IV (라) «Ныряющая» металлизированая полоса, микропечать на водяных часах, муаровый узор на поле с водяным знаком, рельефное скрыто изображение
10000 won serieV obverse.jpeg 10000 won serieV reverse.jpeg Перевёрнутый портрет, Тхэгыкки 19 июня 2000 Серия V (마) На рельефные метках для слабовидящих усилены цвета, удалён муаровый узор, Созвездие Евриона, авторская подпись
Серия 2006—2007 гг. [7] (кор.)
Изображения Номинал Размеры Основной цвет Описание Дата Обозначение
серии
Аверс Реверс Аверс Реверс Водяной знак выпуска
1000 won serieIII obverse.jpeg 1000 won serieIII reverse.jpeg ₩1000 136 × 68 мм Синий Ли Хван, Мённюндан в университете Сонгюнгван, цветок сливы Изображение конфуцианской академии «Тосан», основанной Ли Хваном Перевёрнутый портрет, номинал 22 января 2007 Серия III (다)
5000 won serieV obverse.jpeg 5000 won serieV reverse.jpeg ₩5000 142 × 68 мм Красный и жёлтый Ли И, Очжукхон в Канныне, чёрный бамбук Две картины Син Саимдан, матери философа Ли И 2 января 2006 Серия V (마)
10000 won serieVI obverse.jpeg 10000 won serieVI reverse.jpeg ₩10 000 148 × 68 мм Зелёный Седжон Великий, «Ода о драконе, летящем в небо», изображение «Ирвольопондо» Небесный глобус XV века, телескоп обсерватории на горе Бохён, карта звездного неба XV века 22 января 2007 Серия VI (바)
50000 KRW 2009 ob.jpg 50000 KRW 2009 rev.jpg ₩50 000 154 × 68 мм Оранжевый и жёлтый Син Саимдан, картины «Виноград» и «Трава и насекомые» (автор Син Саимдан) Картина «Цветение сливы в лунную ночь» (автор О Мон Рён), картина «Бамбук» (автор О Чжон) 23 июня 2009 Серия VI (바)
Серия 2017 года
Изображения Номинал Размеры Основной цвет Описание Дата Обозначение
серии
Аверс Реверс Аверс Реверс Водяной знак выпуска
₩2000 140 × 75 мм Серый Семь зимних видов спорта (биатлон, хоккей, керлинг, конькобежный спорт, прыжки с трамплина, санный спорт и бобслей) Сонхамэнходо (картина с изображением тигра и сосны, созданная художником времен Чосон Ким Хон До) Олимпийский стадион Пхёнчхан 11 декабря 2017 Серия I (가)

Режим валютного курса

В настоящее время в Южной Корее используется режим плавающего валютного курса. Критерием эффективности курсовой политики (курсовой якорь) выступают показатели инфляции.

Рыночный курс
Google Finance (…/KRW):
XE.com (…/KRW):
OANDA.com (…/KRW):

Примечания

  1. Bank of Korea (англ.)
  2. Kurt Schuler. Tables of modern monetary history: Asia (недоступная ссылка). Currency Boards and Dollarization (29 февраля 2004). Дата обращения: 10 сентября 2008. Архивировано 17 марта 2006 года.
  3. 3,0 3,1 Brief History of current Korea notes in circulation; 5,000 won note (Flash и HTML) (недоступная ссылка). Банк Кореи. Дата обращения: 10 сентября 2008. Архивировано 27 сентября 2007 года. (англ.)
  4. 4,0 4,1 Brief History of current Korea notes in circulation; 10,000 won note (Flash и HTML) (недоступная ссылка). Банк Кореи. Дата обращения: 10 сентября 2008. Архивировано 7 мая 2008 года. (англ.)
  5. Brief History of current Korea notes in circulation; 1,000 won note (Flash и HTML) (недоступная ссылка). Банк Кореи. Дата обращения: 10 сентября 2008. Архивировано 27 сентября 2007 года. (англ.)

Ссылки

  • Галерея банкнот Южной Кореи (нем.) (англ.) (фр.)

This article is about the official currency of South Korea. For the official currency of North Korea (ISO 4217 code KPW), see North Korean won.

Not to be confused with the Korean won, the official currency of the Korean Empire from 1902 to 1910.

South Korean won

대한민국 원 (Korean)
Currency South Korea.jpg
ISO 4217
Code KRW (numeric: 410)
Unit
Unit won
Plural The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol
Denominations
Subunit
1100 jeon (전/錢)
Theoretical (not used)
Banknotes
 Freq. used ₩1,000, ₩5,000, ₩10,000, ₩50,000
 Rarely used ₩2,000
Coins
 Freq. used ₩10, ₩50, ₩100, ₩500
 Rarely used ₩1, ₩5
Demographics
User(s)  South Korea
Issuance
Central bank Bank of Korea
 Website eng.bok.or.kr
Printer Korea Minting and Security Printing Corporation
 Website english.komsco.com
Mint Korea Minting and Security Printing Corporation
 Website english.komsco.com
Valuation
Inflation 1.3% (Feb 2016, Year-on-Year % Change)
 Source February 2016[1]
South Korean won
Hangul

대한민국 원

Hanja

大韓民國 원

Revised Romanization Daehanmin(-)guk won
McCune–Reischauer Taehanmin’guk wŏn
The current won (원) does not officially have any hanja associated with it.[2][3]

South Korean inflation

  Inflation

  Inflation ex food and energy

The Korean Republic won, unofficially the South Korean won (Symbol: ; Code: KRW; Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates. The currency is issued by the Bank of Korea, based in the capital city of Seoul.

Etymology[edit]

The old «won» was a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, won), meaning «round», which describes the shape of the silver dollar.

The won was subdivided into 100 jeon (Korean: ; Hanja: ; RR: jeon; MR: chŏn), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it.[2][3]

First South Korean won[edit]

History[edit]

The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries.

During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese Yen.

After World War II ended in 1945, Korea was divided, resulting in two separate currencies, both called won, for the South and the North. Both the Southern won and the Northern won replaced the yen at par. The first South Korean won was subdivided into 100 jeon.

The South Korean won initially had a fixed exchange rate to the U.S. dollar at a rate of 15 won to 1 dollar. A series of devaluations followed, the later ones, in part, due to the Korean War (1950–53). The pegs were:

Pegs for the first South Korean won

Date introduced Value of U.S. dollar in won
October, 1945 15
July 15, 1947 50
October 1, 1948 450
June 14, 1949 900 (non-government transactions only)
May 1, 1950 1,800
November 1, 1950 2,500
April 1, 1951 6,000

The first South Korean won was replaced by the hwan on February 15, 1953, at a rate of 1 hwan = 100 won.[4]

Banknotes[edit]

In 1946, the Bank of Joseon introduced 10 and 100 won notes. These were followed in 1949 by 5 and 1,000 won notes.

A new central bank, the Bank of Korea, was established on 12 June 1950,[5] and assumed the duties of Bank of Joseon. Notes were introduced (some dated 1949) in denominations of 5, 10 and 50 jeon, and 100 and 1,000 won. The 500 won notes were introduced in 1952. In 1953, a series of banknotes was issued which, although it gave the denominations in English in won, were, in fact, the first issues of the hwan.

Second South Korean won[edit]

History[edit]

The won was reintroduced on June 10, 1962, at a rate of 1 won = 10 hwan. It became the sole legal tender on March 22, 1975, with the withdrawal of the last circulating hwan coins. Its ISO 4217 code is KRW. At the reintroduction of the won in 1962, its value was pegged at 125 won = US$1. The following pegs operated between 1962 and 1980:

Pegs for the second South Korean won

Date introduced Value of U.S. dollar in won
June 10, 1962 125
May 3, 1964 255
August 3, 1972 400
December 7, 1974 480
January 12, 1980 580

On February 27, 1980, efforts were initiated to lead to a floating exchange rate. The won was finally allowed to float on December 24, 1997, when an agreement was signed with the International Monetary Fund.[6] Shortly after, the won was devalued to almost half of its value, as part of the 1997 Asian financial crisis.

Coins[edit]

Until 1966, 10 and 50 hwan coins, revalued as 1 and 5 won, were the only coins in circulation. New coins, denominated in won, were introduced by the Bank of Korea on August 16, 1966, in denominations of 1, 5 and 10 won, with the 1 won struck in brass and the 5 and 10 won in bronze. These were the first South Korean coins to display the date in the common era, earlier coins having used the Korean calendar. The 10 and 50 hwan coins were demonetized on March 22, 1975.[7]

In 1968, as the intrinsic value of the brass 1 won coin far surpassed its face value, new aluminium 1 won coins were issued to replace them. As an attempt to further reduce currency production costs, new 5 and 10 won coins were issued in 1970, struck in brass. Cupronickel 100 won coins were also introduced that year, followed by cupronickel 50 won coins in 1972.[7]

1966–1982 issued coins[8][9] (in Korean)
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue Issue Suspended
1 won 1966 obverse.jpeg 1 won 1966 reverse.jpeg ₩1 17.2 mm 1.7 g Brass
60% copper
40% zinc
Plain Rose of Sharon, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 December 1, 1980 Series I ()
1 won 1968 obverse.jpeg 1 won 1968 reverse.jpeg ₩1 17.2 mm 0.729 g 100% aluminium Plain Rose of Sharon, value, bank title (hangul) Value (digit), bank title, year of minting 1968 August 26, 1968 1992 Series II ()
5 won 1966 obverse.jpeg 5 won 1966 reverse.jpeg ₩5 20.4 mm 3.09 g Commercial bronze
88% copper
12% zinc
Plain Geobukseon, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 1992 Series I ()
5 won 1970 obverse.jpeg 5 won 1970 reverse.jpeg ₩5 20.4 mm 2.95 g High brass
65% copper
35% zinc
Plain Geobukseon, value, bank title (hangul) Value (digit), bank title, year of minting 1970 July 16, 1970 1992 Series II ()
10 won 1966 obverse.jpeg 10 won 1966 reverse.jpeg ₩10 22.86 mm 4.22 g Commercial bronze
88% copper
12% zinc
Plain Dabotap Pagoda, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 Still circulating Series I ()
10 won 1970 obverse.jpeg 10 won 1970 reverse.jpeg ₩10 22.86 mm 4.06 g High brass
65% copper
35% zinc
Plain Dabotap Pagoda, value, bank title (hangul) Value (digit), bank title, year of minting 1970 July 16, 1970 Still circulating Series II ()
50 won 1972 obverse.jpeg 50 won 1972 reverse.jpeg ₩50 21.6 mm 4.16 g 70% copper
18% zinc
12% nickel
Reeded Stalk of rice, value (hangul) Value (digit), bank title (hangul), year of minting 1972 December 1, 1972 Still circulating Series I ()
100 won 1970 obverse.jpeg 100 won 1970 reverse.jpeg ₩100 24 mm 5.42 g Cupronickel
75% copper
25% nickel
Yi Sun-sin, value, bank title (hangul) Value (digit), year of minting 1970 November 30, 1970
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

In 1982, with inflation and the increasing popularity of vending machines, 500 won coins were introduced on June 12, 1982. In January 1983, with the purpose of standardizing the coinage, a new series of 1, 5, 10, 50, and 100 won coins was issued, using the same layout as the 500 won coins, but conserving the coins’ old themes.[7]

1982–2006 issued coins[10][11]
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue
1 won 1983 obverse.jpeg 1 won 1983 reverse.jpeg ₩1 [ko] 17.2 mm 0.729 g 100% aluminium Plain Rose of Sharon, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series III ()
5 won 1983 obverse.jpeg 5 won 1983 reverse.jpeg ₩5 [ko] 20.4 mm 2.95 g High brass
65% copper
35% zinc
Plain Geobukseon, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series III ()
10 won 1983 obverse.jpeg 10 won 1983 reverse.jpeg ₩10 22.86 mm 4.06 g Dabotap Pagoda, value (hangul)
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.
Current coins
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue
10 won 2006 obverse.jpeg 10 won 2006 reverse.jpeg ₩10 [ko] 18 mm 1.22 g Copper-plated aluminium
48% copper
52% aluminium
Plain Dabotap pagoda, value (hangul) Value (digit), bank title, year of minting 2006 December 18, 2006 Series IV ()
50 won 1983 obverse.jpeg 50 won 1983 reverse.jpeg ₩50 [ko] 21.6 mm 4.16 g 70% copper
18% zinc
12% nickel
Reeded Stalk of rice, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series II ()
100 won 1983 obverse.jpeg 100 won 1983 reverse.jpeg ₩100 [ko] 24 mm 5.42 g Cupronickel
75% copper
25% nickel
Yi Sun-sin, value (hangul)
500 won 1982 obverse.jpeg 500 won 1982 reverse.jpeg ₩500 26.5 mm 7.7 g Red-crowned crane, value (hangul) 1982 June 12, 1982 Series I ()
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

The Bank of Korea announced in early 2006 its intention to redesign the 10 won coin by the end of that year. With the increasing cost of production, then at 38 won per 10 won coin, and rumors that some people had been melting the coins to make jewelry, the redesign was needed to make the coin more cost-effective to produce.[12] The new coin is made of copper-coated aluminium with a reduced diameter of 18 mm, and a weight of 1.22 g. Its visual design is the same as the old coin.[13] The new coin was issued on December 18, 2006.[14][15]

The 1 and 5 won coins are rarely in circulation since 1992, and prices of consumer goods are rounded to the nearest 10 won. However, they are still in production, minting limited amounts of these two coins every year, for the Bank of Korea’s annual mint sets.[16]
In 1998, the production costs per coin were: 10 won coins each cost 35 won to produce, 100 won coins cost 58 won, and 500 won coins cost 77 won.[17]

Banknotes[edit]

The Bank of Korea designates banknote and coin series in a unique way. Instead of putting those of similar design and issue dates in the same series, it assigns series number X to the Xth design of a given denomination. The series numbers are expressed with Korean letters used in alphabetical order, e.g. 가, 나, 다, 라, 마, 바, 사. Therefore, ₩1,000 issued in 1983 is series II () because it is the second design of all ₩1,000 designs since the introduction of the South Korean won in 1962.

In 1962, 10 and 50 jeon, 1, 5, 10, 50, 100 and 500 won notes were introduced by the Bank of Korea. The first issue of 1, 5, 10, 50, 100 and 500 won notes was printed in the UK by Thomas De La Rue. The jeon notes together with a second issue of 10 and 100 won notes were printed domestically by the Korea Minting and Security Printing Corporation.

In 1965, 100 won notes (series III) were printed using intaglio printing techniques, for the first time on domestically printed notes, to reduce counterfeiting. Replacements for the British 500 won notes followed in 1966, also using intaglio printing, and for the 50 won notes in 1969 using lithoprinting.[7]

1962 Thomas De La Rue Series[8] (in Korean)
Image Value Dimensions Main color Description Date of BOK series designation
Obverse Reverse Obverse Reverse Issue Issue Suspended
1 won obverse.jpeg 1 won reverse.jpeg ₩1 94 × 50 mm Pink Bank of Korea’s symbol Value June 10, 1962 May 20, 1970 None
5 won obverse.jpeg 5 won reverse.jpeg ₩5 Blue May 1, 1969
10 won serieI obverse.jpeg 10 won serieI reverse.jpeg ₩10 108 × 54 mm Green September 1, 1962 Series I ()
50 won serieI obverse.jpeg 50 won serieI reverse.jpeg ₩50 156 × 66 mm Orange Haegeumgang near Geoje Torch, value May 20, 1970
100 won serieI obverse.jpeg 100 won serieI reverse.jpeg ₩100 Green Independence Gate (Dongnimmun) February 14, 1969
500 won serieI obverse.jpeg 500 won serieI reverse.jpeg ₩500 Grey Namdaemun February 3, 1967
1962–1969 KOMSCO Series[8] (in Korean)
10 jeon obverse.jpeg 10 jeon reverse.jpeg 10 jeon 90 × 50 mm Blue «Bank of Korea» and value (Korean) «Bank of Korea» and value (English) December 1, 1962 December 1, 1980 None
50 jeon obverse.jpeg 50 jeon reverse.jpeg 50 jeon Brown
10 won serieII obverse.jpeg 10 won serieII reverse.jpeg ₩10 140 × 63 mm Purple Cheomseongdae Geobukseon September 21, 1962 October 30, 1973 Series II ()
50 won serieII obverse.jpeg 50 won serieII reverse.jpeg ₩50 149 × 64 mm Green and orange / blue Tapgol Park in Seoul Beacon, Rose of Sharon March 21, 1969 Series II ()
100 won serieII obverse.jpeg 100 won serieII reverse.jpeg ₩100 156 × 66 mm Green Independence Gate Gyeonghoeru Pavilion at Gyeongbok Palace November 1, 1962 Series II ()
100 won serieIII obverse.jpeg 100 won serieIII reverse.jpeg Sejong the Great Main building of the Bank of Korea August 14, 1965 December 1, 1980 Series III ()
500 won serieII obverse.jpeg 500 won serieII reverse.jpeg ₩500 165 × 73 mm Brown Namdaemun Geobukseon August 16, 1966 May 10, 1975 Series II ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

With the economic development from the 1960s, the value of the 500 won notes fell, resulting in a greater use of cashier’s checks with higher fixed denominations as means of payment, as well as an increased use of counterfeited ones.[7] In 1970, the 100 won notes were replaced by coins, with the same happening to the 50 won notes in 1972.

Higher-denomination notes of 5,000 and 10,000 won were introduced in 1972 and 1973, respectively. The notes incorporated new security features, including watermark, security thread, and ultraviolet response fibres, and were intaglio printed. The release of 10,000 won notes was planned to be at the same time as the 5,000 won notes, but problems with the main theme delayed it by a year.[18] Newly designed 500 won notes were also released in 1973, and the need for a medium denomination resulted in the introduction of 1,000 won notes in 1975.

1972–1973 Series[9] (in Korean)
Image Value Dimensions Main color Description Date of BOK series designation Plate produced
Obverse Reverse Obverse Reverse Watermark Issue Issue Suspended
5000 won serieI obverse.jpeg 5000 won serieI reverse.jpeg ₩5,000 167 × 77 mm Brown Yi I Main building of the Bank of Korea July 1, 1972 December 1, 1980 Series I () By Thomas de la Rue[19]
10000 won serieI obverse.jpeg 10000 won serieI reverse.jpeg ₩10,000 171 × 81 mm Green Sejong the Great, Rose of Sharon Geunjeongjeon at Gyeongbok Palace June 12, 1973 November 10, 1981 Series I () In Japan[18]
1973–1979 Series[9] (in Korean)
500 won serieIII obverse.jpeg 500 won serieIII reverse.jpeg ₩500 159 × 69 mm Green and pink Yi Sun-sin, Geobukseon Yi Sun-sin’s Shrine at Hyeonchungsa None September 1, 1973 May 12, 1993 Series III ()
1000 won serieI obverse.jpeg 1000 won serieI reverse.jpeg ₩1,000 163 × 73 mm Purple Yi Hwang, Rose of Sharon Dosan Seowon (Dosan Confucian Academy) August 14, 1975 Series I () In Japan[20]
5000 won serieII obverse.jpeg 5000 won serieII reverse.jpeg ₩5,000 167 × 77 mm Orange Yi I Ojukheon in Gangneung June 1, 1977 May 12, 1993 Series II () In Japan[19]
10000 won serieII obverse.jpeg 10000 won serieII reverse.jpeg ₩10,000 171 × 81 mm Green Sejong the Great, Water clock Gyeonghoeru Pavilion at Gyeongbok Palace, Rose of Sharon June 15, 1979 May 12, 1993 Series II () In Japan[18]
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

In 1982, the 500 won note was replaced by a coin. The following year, as part of its policy of rationalizing the currency system, the Bank of Korea issued a new set of notes, as well as a new set of coins. Some of the notes’ most notable features were distinguishable marks for the blind under the watermark and the addition of machine-readable language in preparation for mechanization of cash handling. They were also printed on better-quality cotton pulp to reduce the production costs by extending their circulation life.[7]

To cope with the deregulation of imports of color printers and the increasing use of computers and scanners, modified 5,000 and 10,000 won notes were released between 1994 and 2002 with various new security features, which included color-shifting ink, microprint, segmented metal thread, moiré, and EURion constellation. The latest version of the 5,000 and 10,000 won notes are easily identifiable by the copyright information inscribed under the watermark: «© 한국은행» and year of issue on the obverse, «© The Bank of Korea» and year of issue on the reverse.

The plates for the 5,000 won notes were produced in Japan, while the ones for the 1,000 and 10,000 won notes were produced by the Korea Minting and Security Printing Corporation. They were all printed in intaglio.[18][19][20]

1983–2002 Series[21] (in Korean)
Image Value Dimensions Main Color Description Date of issue Suspended Date BOK series designation Modification
Obverse Reverse Obverse Reverse Watermark
1000 won serieII obverse.jpeg 1000 won serieII reverse.jpeg ₩1,000 151 × 76 mm Purple Yi Hwang Dosan Seowon (Dosan Confucian Academy) Reversed portrait June 11, 1983 June 1, 2016 Series II ()
5000 won serieIII obverse.jpeg 5000 won serieIII reverse.jpeg ₩5,000 156 × 76 mm Orange Yi I Ojukheon in Gangneung June 11, 1983 Series III ()
5000 won serieIV obverse.jpeg 5000 won serieIV reverse.jpeg June 12, 2002 Series IV () Color-shifting ink on the dots for blinds, segmented metal thread, copyright inscription
10000 won serieIII obverse.jpeg 10000 won serieIII reverse.jpeg ₩10,000 161 × 76 mm Green Sejong the Great, Water clock Gyeonghoeru Pavilion at Gyeongbok Palace October 8, 1983 Series III ()
10000 won serieIV obverse.jpeg 10000 won serieIV reverse.jpeg January 20, 1994 Series IV () Segmented metal thread, microprint under the water clock, moiré on watermark area, intaglio latent image
10000 won serieV obverse.jpeg 10000 won serieV reverse.jpeg Reversed portrait, Taeguk June 19, 2000 Series V () Color-shifting ink on the dots for blinds, removal of moiré, EURion constellation, copyright inscription
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

New series[edit]

Historical figures on the Korean Won and their importance in history[edit]

Yi Hwang (이황) ~ ₩1,000

Yi Hwang, the man featured on the Korean 1000 won bill, is regarded as one of Korea’s most prominent Confucian scholars during the Joseon era. His vast love for knowledge and literature made him known to many and a largely popular historical figure. He dedicated his life and to teaching numerous students. When people think of Yi Hwang now, the Dosanseowon Confucian Academy(안동 도산서원) always comes to mind.[speculative — consider removing] It was established in 1574 to honor Yi Hwang (Toegye 퇴계). It was built about 6 years after his death. It was also designated as a UNESCO World Heritage site.[22]
[23][24]

An Interesting fact about how the historical figures on the 1000 won and 5000 won. Yi Hwang was the head teacher and taught the man on the 5000 won. His name was Yi Yulgok, he too also became a famous Confucian scholar under Yi Hwangs guidance and was bestowed the significance of being featured on the 5000 won banknote.[22]

Yi I (이이) ~ ₩5,000

Yi Yulgok (1536-1584) was a Neo-Confucian thinker and is known to have similar influence as Yi Hwang. Yulgok is responsible for establishing the Kiho school in Korea. He is the son of Shin Saimdang, who was a well-known poet and painter. Yulgok began studying with his mother, but when his mother died, he mourned her loss for 3 years. He then fled to a Buddhist temple in the mountains with the desire to become a monk; however, after a year of studying scriptures, he changed his mind. Given the knowledge he acquired in the Buddhist temple, he placed first in both the preliminary and final civil service examinations in 1564. He then became known as Lord First Candidate of the Nine Examinations. He served in several offices within the metropolitan and provincial government. His official posts included appointments of minister of military affairs, minister of public works, and minister of personnel until he died at age forty-nine.[25]

Sejong the Great (세종대왕) ~ ₩10,000

Sejong the Great was a famous king during the Joseon era. His legacy includes the creation of the Korean writing system, hangul (한글), which occurred in 1443 during the 12th month of the lunar calendar. Later in 1446, the book of Sejong Sillok (조선왕조실록) described the new language of Joseon as Hunminjeongeum (full name;훈민정음 해례본, Hunminjeongeum Haeryebon), was created and information on how to learn the new system and the teachings were published all together in multiple parts. One of Sejong’s purposes for creating this new language system was to help common people read and write, many of which were otherwise illiterate. Hunminjeongeum was the original name for Hangeul when it was first created back in the 15th century. The other sections of Hunminjeongeum(훈민정음) called Yeui(예의) was created to describe and teach the reader about each sound of the 28-letter alphabet. With the creation of this book, Hunminjeongeum(훈민정음), we can understand the true vision and concept Sejong the great had for creating this language and how to clearly grasp the rules and usage of it. The next part of the book was called “haerye”(해례), which showed the theories involved with the inventions of the consonants and vowels and the ideas behind the initial, middle, and final sound of a syllable.[26]

Lastly another special distinction related to the language was, Hunminjeongeum(훈민정음) became a national treasure recognized by the UN in 1997. It was listed in the UNESCO’s Memory of the World Register. It stated that this document created by Sejong was regarded highly for its linguistic, cultural, and ideological values.[26]

Shin Saimdang (신사임당) ~ ₩50,000

Shin Saimdang (1504-1551) is a well-known historical figure and is considered the representative image of the Korean woman and icon of the “wise mother and good wife” (hyeonmoyangcheo,현모양처). Shin Saimdang was an artist, writer calligraphist and poet of the Joseon era. She became the first woman to appear on a new Korean banknote since 2009.[27] She is the mother of Yi I and was of great influence on him. She lived in a male-dominant society because of the great influence of Confucianism. For this reason, her real name is unknown and because she is a woman, her name didn’t make history. The only accounts of her origin story were from her son Yi Yulgok, unofficial history books, anthologies and from postscripts written by Confucian scholars. Her legacy and her artworks are remembered more than documents that portray her as a good wife and wise mother.[28]

New security features[edit]

In 2006, it became a major concern that the South Korean won banknotes were being counterfeited/forged. This led the government to issue a new series of banknotes, with the 5,000 won note being the first one to be redesigned. Later in 2007, the 1,000 and 10,000 won notes were introduced.

On June 23, 2009, the Bank of Korea released the 50,000 won note. The obverse bears a portrait of Shin Saimdang, a prominent 16th-century artist, calligrapher, and mother of Korean scholar Yulgok, also known as Yi I, who is on the 5,000 won note. This note is the first Korean banknote to feature the portrait of a woman.[29] The release of the 50,000 won note stirred some controversy among shop owners and those with visual impairments due to its similarity in color and numerical denomination with the 5,000 won note.[30]

New 100,000 won notes were also announced, but their release was later cancelled due to the controversy over the banknote’s planned image, featuring the Daedongyeojido map, and not including the disputed Dokdo islands.[31][32][33][34]

The banknotes include over 10 security features in each denomination. The 50,000 won note has 22 security features, the 10,000 won note 21, the 5,000 won note 17, the 2,000 won note 10 and the 1,000 won note 19. Many modern security features that can be also found in euros, pounds, Canadian dollars, and Japanese yen are included in the banknotes.
Some security features inserted in won notes are:

  • Holograms with three-dimensional images that change colors within the metallic foil on the obverse side of the notes (except ₩1,000)
  • Watermark portraits of the effigy of the note are visible when held to the light in the white section of the note.
  • Intaglio printing on words and the effigy give off a raised feeling, different from ordinary paper
  • Security thread in the right side of the obverse side of the note with small lettering «한국은행 Bank of Korea» and its corresponding denomination
  • Color-shifting ink on the value number at the back of the note:

For the first time in the world, KOMSCO, the Korean mint, inserted a new substance in the notes to detect counterfeits. This technique is being exported to Europe, North America, etc.[35]

2006 Series[36] (in Korean)
Image Value Dimensions Main color Description Date of issue BOK series designation
Obverse Reverse Obverse Reverse Watermark
1000 won serieIII obverse.jpeg 1000 won serieIII reverse.jpeg ₩1,000 [ko] 136 × 68 mm Blue Yi Hwang, Myeongryundang in Seonggyungwan, plum flowers «Gyesangjeonggeodo»; a painting Yi Hwang in Dosan Seowon by Jeong Seon Reversed portrait and electrotype denomination (₩1,000 to ₩50,000) January 22, 2007 Series III ()
5000 won serieV obverse.jpeg 5000 won serieV reverse.jpeg ₩5,000 [ko] 142 × 68 mm Orange Yi I, Ojukheon in Gangneung, black bamboo «Insects and Plants», a painting of a watermelon and cockscombs by Yi I’s mother Shin Saimdang January 2, 2006 Series V ()
10000 won serieVI obverse.jpeg 10000 won serieVI reverse.jpeg ₩10,000 [ko] 148 × 68 mm Green Sejong the Great, Irworobongdo, a folding screen for Joseon-era kings, and text from the second chapter of Yongbieocheonga, the first work of literature written in hangul Globe of Honcheonsigye, Cheonsang Yeolcha Bunyajido C14 star map and reflecting telescope at Bohyeonsan Observatory in the background January 22, 2007 Series VI ()
50000 KRW 2009 ob.jpg 50000 KRW 2009 rev.jpg ₩50,000 [ko] 154 × 68 mm Yellow Shin Saimdang with Chochungdo — a Folding Screen of Embroidered Plants and Insects (South Korean National Treasure No. 595) in the background Bamboo and a plum tree June 23, 2009 Series I ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.
2017 Commemorative Series[37] (in Korean)
Image Value Dimensions Main color Description Date of issue BOK series designation
Obverse Reverse Obverse Reverse Watermark
[1] [2] ₩2,000 140 x 75 mm Gray Seven winter sports events (Biathlon, Ice hockey, Curling, Speed skating, Ski jumping, Luge and Bobsled) Songhamaenghodo (a painting of a tiger and a pine tree by Joseon-era artist Kim Hong-do) Pyeongchang Olympic Stadium December 11, 2017 Series I ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Future of the South Korean won[edit]

Coinless trials[edit]

As the South Korean economy is evolving through the use of electronic payments, coins of the South Korean won are becoming less used by consumers. The Bank of Korea began a trial which would result in the total cessation of the production of coins by depositing change into prepaid cards.[38] As of 2019, however, public participation in this program has decreased.[39]

Redenomination proposals[edit]

There have been recurring proposals in the South Korean National Assembly to redenominate the won by introducing a new won or new unit, equal to 1,000 old won, and worth nearly one U.S. dollar. While proponents cite a more valuable currency unit better projects the strength of the nation’s economy, a majority remain opposed to the idea. Reasons cited are: economic harm if done immediately, no issues on public confidence in the won and its inflation rate, limited cost savings, and the presence of more urgent economic issues.[40]

Currency production[edit]

The Bank of Korea is the only institution in South Korea with the right to print banknotes and mint coins. The banknotes and coins are printed at the KOMSCO, a government-owned corporation, under the guidance of the Bank of Korea.
After the new banknotes and coins are printed/minted, they are bundled or rolled and shipped to the headquarters of the Bank of Korea. When delivered, they are deposited inside the bank’s vault, ready to be distributed to commercial banks when requested.
Every year, around Seollal and Chuseok, two major Korean holidays, the Bank of Korea distributes large amounts of its currency to most of the commercial banks in South Korea, which are then given to their customers upon request.

Current exchange rates[edit]

South Korean won exchange rate against U.S. dollar (from 1990) and Euro (from 1999).

Current KRW exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD

See also[edit]

  • Economy of South Korea
  • Korean currency
  • North Korean won

References[edit]

  1. ^ «archive.ph». Archived from the original on 21 April 2016. Retrieved 2022-03-16.
  2. ^ a b Bank of Korea. «화폐 < 홍보교육자료 < 우리나라 화폐단위 변경 | 한국은행 홈페이지. #1» (in Korean). Archived from the original on 2015-09-23. Retrieved 2012-11-24. 한글로만 표기» → Translation: «Spelling in hangul only
  3. ^ a b Entry in Standard Korean Language Dictionary (표준국어대사전)
  4. ^ The Bank of Korea (23 January 2013). KOREAN CURRENCY: for better understanding of Korean currency. p. 10. Retrieved 3 May 2020.
  5. ^ Linzmayer, Owen (2012). «South Korea». The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  6. ^ Kurt Schuler (29 February 2004). «Tables of modern monetary history: Asia». Currency Boards and Dollarization. Archived from the original on 2007-01-12. Retrieved 2006-11-16.
  7. ^ a b c d e f «Currency Issue System». Bank of Korea. Archived from the original on 2006-08-26. Retrieved 2006-11-09.
  8. ^ a b c «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 10 March 2007. Retrieved 17 January 2022.
  9. ^ a b c «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 10 March 2007. Retrieved 17 January 2022.
  10. ^ «Currency < Currency in circulation < Introduction to Coins | THE BANK OF KOREA. #1». Archived from the original on 2014-12-31. Retrieved 2010-09-27.
  11. ^ 부산본부 (12 December 2006). 새 10원 동전, 12. 18(월)부터 발행 (in Korean). Bank of Korea. Archived from the original (hwp) on March 12, 2007. Retrieved 2006-12-12.
  12. ^ «New W10 Coin to Debut». The Korea Times. 13 January 2006. Archived from the original on January 15, 2006. Retrieved 2006-12-11.
  13. ^ «New 10-won Coins to Debut». KBS Global. 10 August 2006. Archived from the original on March 21, 2008. Retrieved 2006-12-11.
  14. ^ 1원짜리 만한 10원 동전 18일 나온다 (in Korean). Daum Media. 11 December 2006. Archived from the original on 16 October 2007. Retrieved 2006-12-11.
  15. ^ «New 10-won Coins to Debut Next Week». KBS Global. 11 December 2006. Archived from the original on 18 June 2008. Retrieved 2006-12-12.
  16. ^ Bank of Korea Mint Sets — 한국은행 민트 세트 Archived 2017-09-30 at the Wayback Machine Dokdo Research (dokdoresearch.com). Retrieved on 2017-07-05.
  17. ^ «Coins Return to the Bank». The Chosun Ilbo. 19 February 1998. Archived from the original on September 9, 2004. Retrieved 2007-03-26.
  18. ^ a b c d «Brief History of current Korea notes in circulation; 10,000 won note». Bank of Korea. Archived from the original (Flash and HTML) on 2017-05-05. Retrieved 2016-01-13.
  19. ^ a b c «Brief History of current Korea notes in circulation; 5,000-won note». Bank of Korea. Archived from the original (Flash and HTML) on 2007-09-27. Retrieved 2006-11-09.
  20. ^ a b «Brief History of current Korea notes in circulation; 1,000 won note». Bank of Korea. Archived from the original (Flash and HTML) on 2007-09-27. Retrieved 2006-11-09.
  21. ^ «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 11 April 2005. Retrieved 17 January 2022.
  22. ^ a b «Welcome to the website of the Ministry of Culture, Sports and Tourism of the Republic of Korea». www.mcst.go.kr. Archived from the original on 3 December 2019. Retrieved 30 June 2022.
  23. ^ «Let’s delve into the secrets hidden inside Korean money!». 2 April 2021.
  24. ^ «Destinations by Region : VisitKorea Destinations by Region Dosanseowon Confucian Academy [UNESCO World Heritage] (도산서원 [유네스코 세계문화유산]) | Official Korea Tourism Organization». English.visitkorea.or.kr. Retrieved 2022-03-16.
  25. ^ (Chung, Edward Y. J. The Korean Neo-Confucianism of Yi T’oegye and Yi Yulgok: A Reappraisal of the «Four-Seven Thesis» and Its Practical Implications for Self-Cultivation. Albany, 1995.)
  26. ^ a b «National Hangeul Museum» (in Korean). Hangeul.go.kr. Retrieved 2022-03-16.
  27. ^ (Kim Soojin (2014) Vacillating images of Shin Saimdang: the invention of a historical heroine in colonial Korea, Inter-Asia Cultural Studies, 15:2, 274-290, DOI: 10.1080/14649373.2014.911440)
  28. ^ <https://www.koreatimes.co.kr/www/art/2017/03/691_225097.html>
  29. ^ «W50,000 Bill Unveiled». english.chosun.com. 2009-02-26. Archived from the original on March 1, 2009. Retrieved 2016-01-13.
  30. ^ «ANN». Asianewsnet.net. Archived from the original on 2011-06-15. Retrieved 2013-07-26.{{cite web}}: CS1 maint: unfit URL (link)
  31. ^ «50,000-Won Banknote to Be Issued in May». Koreatimes.co.kr. 2009-01-27. Retrieved 2012-09-01.
  32. ^ «50,000-Won Banknote to Be Issued in May». Koreatimes.co.kr. 2009-01-27. Retrieved 2014-02-09.
  33. ^ «Debut of W100,000 Note Delayed Indefinitely». English.donga.com. 2009-01-01. Retrieved 2014-02-13.
  34. ^ «SKorea shelves new banknote». News.asiaone.com. 2008-12-18. Archived from the original on February 23, 2014. Retrieved 2014-02-13.
  35. ^ http://www.bok.or.kr/template/newbanknotes/eng/html/index.jsp=tbl_FM0000000066_CA0000003607[dead link]
  36. ^ «Currency < Currency in circulation < Introduction to Banknotes | THE BANK OF KOREA. #2». Bok.or.kr. Archived from the original on 2015-09-23. Retrieved 2012-09-01.
  37. ^ «| Commemorative Banknote | Currency | The bank of korea». www.bok.or.kr. Archived from the original on 2018-07-14.
  38. ^ South Korea begins coinless society trial BBC (www.bbc.com). April 19, 2017. Retrieved on 2017-07-14.
  39. ^ «‘Coinless society’ still full of coins». Koreajoongangdaily.joins.com. 2020-01-20. Retrieved 2022-03-16.
  40. ^ «Redenomination: boon or bane?». Koreatimes.co.kr. 15 April 2019. Retrieved 2022-03-16.
  • Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
  • Cuhaj, George S. (editor) (2005). Standard Catalog of World Paper Money: Modern Issues 1961-Date (11th ed.). Krause Publications. ISBN 0-89689-160-7.
  • Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960. Colin R. Bruce II and Neil Shafer (editors) (8th ed.). Krause Publications. ISBN 0-87341-469-1.

External links[edit]

  • «BOK Announces Smaller Banknotes». The Chosun Ilbo. 2005-07-21. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W5,000 Ready for Release on Jan. 2». The Chosun Ilbo. 2005-12-13. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W1,000 Note Unveiled». The Chosun Ilbo. 2006-01-17. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «Dollar Plummets to Pre-Crisis Level Against Won». The Chosun Ilbo. 2006-01-25. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W5,000 Bills Forgery- but not Water-Proof». The Chosun Ilbo. 2006-01-25. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W10,000 Note Unveiled». The Chosun Ilbo. 2006-05-18. Archived from the original on 2006-07-09. Retrieved 2006-10-17.
  • New South Korean won banknotes, information page of BOK’s new notes
  • Pronunciation of Won at freedictionary.com
  • Heiko Otto (ed.). «The banknotes of South Korea» (in English and German). Retrieved 2018-10-21.

This article is about the official currency of South Korea. For the official currency of North Korea (ISO 4217 code KPW), see North Korean won.

Not to be confused with the Korean won, the official currency of the Korean Empire from 1902 to 1910.

South Korean won

대한민국 원 (Korean)
Currency South Korea.jpg
ISO 4217
Code KRW (numeric: 410)
Unit
Unit won
Plural The language(s) of this currency do(es) not have a morphological plural distinction.
Symbol
Denominations
Subunit
1100 jeon (전/錢)
Theoretical (not used)
Banknotes
 Freq. used ₩1,000, ₩5,000, ₩10,000, ₩50,000
 Rarely used ₩2,000
Coins
 Freq. used ₩10, ₩50, ₩100, ₩500
 Rarely used ₩1, ₩5
Demographics
User(s)  South Korea
Issuance
Central bank Bank of Korea
 Website eng.bok.or.kr
Printer Korea Minting and Security Printing Corporation
 Website english.komsco.com
Mint Korea Minting and Security Printing Corporation
 Website english.komsco.com
Valuation
Inflation 1.3% (Feb 2016, Year-on-Year % Change)
 Source February 2016[1]
South Korean won
Hangul

대한민국 원

Hanja

大韓民國 원

Revised Romanization Daehanmin(-)guk won
McCune–Reischauer Taehanmin’guk wŏn
The current won (원) does not officially have any hanja associated with it.[2][3]

South Korean inflation

  Inflation

  Inflation ex food and energy

The Korean Republic won, unofficially the South Korean won (Symbol: ; Code: KRW; Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates. The currency is issued by the Bank of Korea, based in the capital city of Seoul.

Etymology[edit]

The old «won» was a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, won), meaning «round», which describes the shape of the silver dollar.

The won was subdivided into 100 jeon (Korean: ; Hanja: ; RR: jeon; MR: chŏn), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it.[2][3]

First South Korean won[edit]

History[edit]

The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries.

During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese Yen.

After World War II ended in 1945, Korea was divided, resulting in two separate currencies, both called won, for the South and the North. Both the Southern won and the Northern won replaced the yen at par. The first South Korean won was subdivided into 100 jeon.

The South Korean won initially had a fixed exchange rate to the U.S. dollar at a rate of 15 won to 1 dollar. A series of devaluations followed, the later ones, in part, due to the Korean War (1950–53). The pegs were:

Pegs for the first South Korean won

Date introduced Value of U.S. dollar in won
October, 1945 15
July 15, 1947 50
October 1, 1948 450
June 14, 1949 900 (non-government transactions only)
May 1, 1950 1,800
November 1, 1950 2,500
April 1, 1951 6,000

The first South Korean won was replaced by the hwan on February 15, 1953, at a rate of 1 hwan = 100 won.[4]

Banknotes[edit]

In 1946, the Bank of Joseon introduced 10 and 100 won notes. These were followed in 1949 by 5 and 1,000 won notes.

A new central bank, the Bank of Korea, was established on 12 June 1950,[5] and assumed the duties of Bank of Joseon. Notes were introduced (some dated 1949) in denominations of 5, 10 and 50 jeon, and 100 and 1,000 won. The 500 won notes were introduced in 1952. In 1953, a series of banknotes was issued which, although it gave the denominations in English in won, were, in fact, the first issues of the hwan.

Second South Korean won[edit]

History[edit]

The won was reintroduced on June 10, 1962, at a rate of 1 won = 10 hwan. It became the sole legal tender on March 22, 1975, with the withdrawal of the last circulating hwan coins. Its ISO 4217 code is KRW. At the reintroduction of the won in 1962, its value was pegged at 125 won = US$1. The following pegs operated between 1962 and 1980:

Pegs for the second South Korean won

Date introduced Value of U.S. dollar in won
June 10, 1962 125
May 3, 1964 255
August 3, 1972 400
December 7, 1974 480
January 12, 1980 580

On February 27, 1980, efforts were initiated to lead to a floating exchange rate. The won was finally allowed to float on December 24, 1997, when an agreement was signed with the International Monetary Fund.[6] Shortly after, the won was devalued to almost half of its value, as part of the 1997 Asian financial crisis.

Coins[edit]

Until 1966, 10 and 50 hwan coins, revalued as 1 and 5 won, were the only coins in circulation. New coins, denominated in won, were introduced by the Bank of Korea on August 16, 1966, in denominations of 1, 5 and 10 won, with the 1 won struck in brass and the 5 and 10 won in bronze. These were the first South Korean coins to display the date in the common era, earlier coins having used the Korean calendar. The 10 and 50 hwan coins were demonetized on March 22, 1975.[7]

In 1968, as the intrinsic value of the brass 1 won coin far surpassed its face value, new aluminium 1 won coins were issued to replace them. As an attempt to further reduce currency production costs, new 5 and 10 won coins were issued in 1970, struck in brass. Cupronickel 100 won coins were also introduced that year, followed by cupronickel 50 won coins in 1972.[7]

1966–1982 issued coins[8][9] (in Korean)
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue Issue Suspended
1 won 1966 obverse.jpeg 1 won 1966 reverse.jpeg ₩1 17.2 mm 1.7 g Brass
60% copper
40% zinc
Plain Rose of Sharon, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 December 1, 1980 Series I ()
1 won 1968 obverse.jpeg 1 won 1968 reverse.jpeg ₩1 17.2 mm 0.729 g 100% aluminium Plain Rose of Sharon, value, bank title (hangul) Value (digit), bank title, year of minting 1968 August 26, 1968 1992 Series II ()
5 won 1966 obverse.jpeg 5 won 1966 reverse.jpeg ₩5 20.4 mm 3.09 g Commercial bronze
88% copper
12% zinc
Plain Geobukseon, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 1992 Series I ()
5 won 1970 obverse.jpeg 5 won 1970 reverse.jpeg ₩5 20.4 mm 2.95 g High brass
65% copper
35% zinc
Plain Geobukseon, value, bank title (hangul) Value (digit), bank title, year of minting 1970 July 16, 1970 1992 Series II ()
10 won 1966 obverse.jpeg 10 won 1966 reverse.jpeg ₩10 22.86 mm 4.22 g Commercial bronze
88% copper
12% zinc
Plain Dabotap Pagoda, value, bank title (hangul) Value (digit), bank title, year of minting 1966 August 16, 1966 Still circulating Series I ()
10 won 1970 obverse.jpeg 10 won 1970 reverse.jpeg ₩10 22.86 mm 4.06 g High brass
65% copper
35% zinc
Plain Dabotap Pagoda, value, bank title (hangul) Value (digit), bank title, year of minting 1970 July 16, 1970 Still circulating Series II ()
50 won 1972 obverse.jpeg 50 won 1972 reverse.jpeg ₩50 21.6 mm 4.16 g 70% copper
18% zinc
12% nickel
Reeded Stalk of rice, value (hangul) Value (digit), bank title (hangul), year of minting 1972 December 1, 1972 Still circulating Series I ()
100 won 1970 obverse.jpeg 100 won 1970 reverse.jpeg ₩100 24 mm 5.42 g Cupronickel
75% copper
25% nickel
Yi Sun-sin, value, bank title (hangul) Value (digit), year of minting 1970 November 30, 1970
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

In 1982, with inflation and the increasing popularity of vending machines, 500 won coins were introduced on June 12, 1982. In January 1983, with the purpose of standardizing the coinage, a new series of 1, 5, 10, 50, and 100 won coins was issued, using the same layout as the 500 won coins, but conserving the coins’ old themes.[7]

1982–2006 issued coins[10][11]
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue
1 won 1983 obverse.jpeg 1 won 1983 reverse.jpeg ₩1 [ko] 17.2 mm 0.729 g 100% aluminium Plain Rose of Sharon, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series III ()
5 won 1983 obverse.jpeg 5 won 1983 reverse.jpeg ₩5 [ko] 20.4 mm 2.95 g High brass
65% copper
35% zinc
Plain Geobukseon, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series III ()
10 won 1983 obverse.jpeg 10 won 1983 reverse.jpeg ₩10 22.86 mm 4.06 g Dabotap Pagoda, value (hangul)
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.
Current coins
Image Value Technical parameters Description Date of BOK series designation
Obverse Reverse Diameter Mass Composition Edge Obverse Reverse First minting Issue
10 won 2006 obverse.jpeg 10 won 2006 reverse.jpeg ₩10 [ko] 18 mm 1.22 g Copper-plated aluminium
48% copper
52% aluminium
Plain Dabotap pagoda, value (hangul) Value (digit), bank title, year of minting 2006 December 18, 2006 Series IV ()
50 won 1983 obverse.jpeg 50 won 1983 reverse.jpeg ₩50 [ko] 21.6 mm 4.16 g 70% copper
18% zinc
12% nickel
Reeded Stalk of rice, value (hangul) Value (digit), bank title, year of minting 1983 January 15, 1983 Series II ()
100 won 1983 obverse.jpeg 100 won 1983 reverse.jpeg ₩100 [ko] 24 mm 5.42 g Cupronickel
75% copper
25% nickel
Yi Sun-sin, value (hangul)
500 won 1982 obverse.jpeg 500 won 1982 reverse.jpeg ₩500 26.5 mm 7.7 g Red-crowned crane, value (hangul) 1982 June 12, 1982 Series I ()
These images are to scale at 2.5 pixels per millimetre. For table standards, see the coin specification table.

The Bank of Korea announced in early 2006 its intention to redesign the 10 won coin by the end of that year. With the increasing cost of production, then at 38 won per 10 won coin, and rumors that some people had been melting the coins to make jewelry, the redesign was needed to make the coin more cost-effective to produce.[12] The new coin is made of copper-coated aluminium with a reduced diameter of 18 mm, and a weight of 1.22 g. Its visual design is the same as the old coin.[13] The new coin was issued on December 18, 2006.[14][15]

The 1 and 5 won coins are rarely in circulation since 1992, and prices of consumer goods are rounded to the nearest 10 won. However, they are still in production, minting limited amounts of these two coins every year, for the Bank of Korea’s annual mint sets.[16]
In 1998, the production costs per coin were: 10 won coins each cost 35 won to produce, 100 won coins cost 58 won, and 500 won coins cost 77 won.[17]

Banknotes[edit]

The Bank of Korea designates banknote and coin series in a unique way. Instead of putting those of similar design and issue dates in the same series, it assigns series number X to the Xth design of a given denomination. The series numbers are expressed with Korean letters used in alphabetical order, e.g. 가, 나, 다, 라, 마, 바, 사. Therefore, ₩1,000 issued in 1983 is series II () because it is the second design of all ₩1,000 designs since the introduction of the South Korean won in 1962.

In 1962, 10 and 50 jeon, 1, 5, 10, 50, 100 and 500 won notes were introduced by the Bank of Korea. The first issue of 1, 5, 10, 50, 100 and 500 won notes was printed in the UK by Thomas De La Rue. The jeon notes together with a second issue of 10 and 100 won notes were printed domestically by the Korea Minting and Security Printing Corporation.

In 1965, 100 won notes (series III) were printed using intaglio printing techniques, for the first time on domestically printed notes, to reduce counterfeiting. Replacements for the British 500 won notes followed in 1966, also using intaglio printing, and for the 50 won notes in 1969 using lithoprinting.[7]

1962 Thomas De La Rue Series[8] (in Korean)
Image Value Dimensions Main color Description Date of BOK series designation
Obverse Reverse Obverse Reverse Issue Issue Suspended
1 won obverse.jpeg 1 won reverse.jpeg ₩1 94 × 50 mm Pink Bank of Korea’s symbol Value June 10, 1962 May 20, 1970 None
5 won obverse.jpeg 5 won reverse.jpeg ₩5 Blue May 1, 1969
10 won serieI obverse.jpeg 10 won serieI reverse.jpeg ₩10 108 × 54 mm Green September 1, 1962 Series I ()
50 won serieI obverse.jpeg 50 won serieI reverse.jpeg ₩50 156 × 66 mm Orange Haegeumgang near Geoje Torch, value May 20, 1970
100 won serieI obverse.jpeg 100 won serieI reverse.jpeg ₩100 Green Independence Gate (Dongnimmun) February 14, 1969
500 won serieI obverse.jpeg 500 won serieI reverse.jpeg ₩500 Grey Namdaemun February 3, 1967
1962–1969 KOMSCO Series[8] (in Korean)
10 jeon obverse.jpeg 10 jeon reverse.jpeg 10 jeon 90 × 50 mm Blue «Bank of Korea» and value (Korean) «Bank of Korea» and value (English) December 1, 1962 December 1, 1980 None
50 jeon obverse.jpeg 50 jeon reverse.jpeg 50 jeon Brown
10 won serieII obverse.jpeg 10 won serieII reverse.jpeg ₩10 140 × 63 mm Purple Cheomseongdae Geobukseon September 21, 1962 October 30, 1973 Series II ()
50 won serieII obverse.jpeg 50 won serieII reverse.jpeg ₩50 149 × 64 mm Green and orange / blue Tapgol Park in Seoul Beacon, Rose of Sharon March 21, 1969 Series II ()
100 won serieII obverse.jpeg 100 won serieII reverse.jpeg ₩100 156 × 66 mm Green Independence Gate Gyeonghoeru Pavilion at Gyeongbok Palace November 1, 1962 Series II ()
100 won serieIII obverse.jpeg 100 won serieIII reverse.jpeg Sejong the Great Main building of the Bank of Korea August 14, 1965 December 1, 1980 Series III ()
500 won serieII obverse.jpeg 500 won serieII reverse.jpeg ₩500 165 × 73 mm Brown Namdaemun Geobukseon August 16, 1966 May 10, 1975 Series II ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

With the economic development from the 1960s, the value of the 500 won notes fell, resulting in a greater use of cashier’s checks with higher fixed denominations as means of payment, as well as an increased use of counterfeited ones.[7] In 1970, the 100 won notes were replaced by coins, with the same happening to the 50 won notes in 1972.

Higher-denomination notes of 5,000 and 10,000 won were introduced in 1972 and 1973, respectively. The notes incorporated new security features, including watermark, security thread, and ultraviolet response fibres, and were intaglio printed. The release of 10,000 won notes was planned to be at the same time as the 5,000 won notes, but problems with the main theme delayed it by a year.[18] Newly designed 500 won notes were also released in 1973, and the need for a medium denomination resulted in the introduction of 1,000 won notes in 1975.

1972–1973 Series[9] (in Korean)
Image Value Dimensions Main color Description Date of BOK series designation Plate produced
Obverse Reverse Obverse Reverse Watermark Issue Issue Suspended
5000 won serieI obverse.jpeg 5000 won serieI reverse.jpeg ₩5,000 167 × 77 mm Brown Yi I Main building of the Bank of Korea July 1, 1972 December 1, 1980 Series I () By Thomas de la Rue[19]
10000 won serieI obverse.jpeg 10000 won serieI reverse.jpeg ₩10,000 171 × 81 mm Green Sejong the Great, Rose of Sharon Geunjeongjeon at Gyeongbok Palace June 12, 1973 November 10, 1981 Series I () In Japan[18]
1973–1979 Series[9] (in Korean)
500 won serieIII obverse.jpeg 500 won serieIII reverse.jpeg ₩500 159 × 69 mm Green and pink Yi Sun-sin, Geobukseon Yi Sun-sin’s Shrine at Hyeonchungsa None September 1, 1973 May 12, 1993 Series III ()
1000 won serieI obverse.jpeg 1000 won serieI reverse.jpeg ₩1,000 163 × 73 mm Purple Yi Hwang, Rose of Sharon Dosan Seowon (Dosan Confucian Academy) August 14, 1975 Series I () In Japan[20]
5000 won serieII obverse.jpeg 5000 won serieII reverse.jpeg ₩5,000 167 × 77 mm Orange Yi I Ojukheon in Gangneung June 1, 1977 May 12, 1993 Series II () In Japan[19]
10000 won serieII obverse.jpeg 10000 won serieII reverse.jpeg ₩10,000 171 × 81 mm Green Sejong the Great, Water clock Gyeonghoeru Pavilion at Gyeongbok Palace, Rose of Sharon June 15, 1979 May 12, 1993 Series II () In Japan[18]
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

In 1982, the 500 won note was replaced by a coin. The following year, as part of its policy of rationalizing the currency system, the Bank of Korea issued a new set of notes, as well as a new set of coins. Some of the notes’ most notable features were distinguishable marks for the blind under the watermark and the addition of machine-readable language in preparation for mechanization of cash handling. They were also printed on better-quality cotton pulp to reduce the production costs by extending their circulation life.[7]

To cope with the deregulation of imports of color printers and the increasing use of computers and scanners, modified 5,000 and 10,000 won notes were released between 1994 and 2002 with various new security features, which included color-shifting ink, microprint, segmented metal thread, moiré, and EURion constellation. The latest version of the 5,000 and 10,000 won notes are easily identifiable by the copyright information inscribed under the watermark: «© 한국은행» and year of issue on the obverse, «© The Bank of Korea» and year of issue on the reverse.

The plates for the 5,000 won notes were produced in Japan, while the ones for the 1,000 and 10,000 won notes were produced by the Korea Minting and Security Printing Corporation. They were all printed in intaglio.[18][19][20]

1983–2002 Series[21] (in Korean)
Image Value Dimensions Main Color Description Date of issue Suspended Date BOK series designation Modification
Obverse Reverse Obverse Reverse Watermark
1000 won serieII obverse.jpeg 1000 won serieII reverse.jpeg ₩1,000 151 × 76 mm Purple Yi Hwang Dosan Seowon (Dosan Confucian Academy) Reversed portrait June 11, 1983 June 1, 2016 Series II ()
5000 won serieIII obverse.jpeg 5000 won serieIII reverse.jpeg ₩5,000 156 × 76 mm Orange Yi I Ojukheon in Gangneung June 11, 1983 Series III ()
5000 won serieIV obverse.jpeg 5000 won serieIV reverse.jpeg June 12, 2002 Series IV () Color-shifting ink on the dots for blinds, segmented metal thread, copyright inscription
10000 won serieIII obverse.jpeg 10000 won serieIII reverse.jpeg ₩10,000 161 × 76 mm Green Sejong the Great, Water clock Gyeonghoeru Pavilion at Gyeongbok Palace October 8, 1983 Series III ()
10000 won serieIV obverse.jpeg 10000 won serieIV reverse.jpeg January 20, 1994 Series IV () Segmented metal thread, microprint under the water clock, moiré on watermark area, intaglio latent image
10000 won serieV obverse.jpeg 10000 won serieV reverse.jpeg Reversed portrait, Taeguk June 19, 2000 Series V () Color-shifting ink on the dots for blinds, removal of moiré, EURion constellation, copyright inscription
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

New series[edit]

Historical figures on the Korean Won and their importance in history[edit]

Yi Hwang (이황) ~ ₩1,000

Yi Hwang, the man featured on the Korean 1000 won bill, is regarded as one of Korea’s most prominent Confucian scholars during the Joseon era. His vast love for knowledge and literature made him known to many and a largely popular historical figure. He dedicated his life and to teaching numerous students. When people think of Yi Hwang now, the Dosanseowon Confucian Academy(안동 도산서원) always comes to mind.[speculative — consider removing] It was established in 1574 to honor Yi Hwang (Toegye 퇴계). It was built about 6 years after his death. It was also designated as a UNESCO World Heritage site.[22]
[23][24]

An Interesting fact about how the historical figures on the 1000 won and 5000 won. Yi Hwang was the head teacher and taught the man on the 5000 won. His name was Yi Yulgok, he too also became a famous Confucian scholar under Yi Hwangs guidance and was bestowed the significance of being featured on the 5000 won banknote.[22]

Yi I (이이) ~ ₩5,000

Yi Yulgok (1536-1584) was a Neo-Confucian thinker and is known to have similar influence as Yi Hwang. Yulgok is responsible for establishing the Kiho school in Korea. He is the son of Shin Saimdang, who was a well-known poet and painter. Yulgok began studying with his mother, but when his mother died, he mourned her loss for 3 years. He then fled to a Buddhist temple in the mountains with the desire to become a monk; however, after a year of studying scriptures, he changed his mind. Given the knowledge he acquired in the Buddhist temple, he placed first in both the preliminary and final civil service examinations in 1564. He then became known as Lord First Candidate of the Nine Examinations. He served in several offices within the metropolitan and provincial government. His official posts included appointments of minister of military affairs, minister of public works, and minister of personnel until he died at age forty-nine.[25]

Sejong the Great (세종대왕) ~ ₩10,000

Sejong the Great was a famous king during the Joseon era. His legacy includes the creation of the Korean writing system, hangul (한글), which occurred in 1443 during the 12th month of the lunar calendar. Later in 1446, the book of Sejong Sillok (조선왕조실록) described the new language of Joseon as Hunminjeongeum (full name;훈민정음 해례본, Hunminjeongeum Haeryebon), was created and information on how to learn the new system and the teachings were published all together in multiple parts. One of Sejong’s purposes for creating this new language system was to help common people read and write, many of which were otherwise illiterate. Hunminjeongeum was the original name for Hangeul when it was first created back in the 15th century. The other sections of Hunminjeongeum(훈민정음) called Yeui(예의) was created to describe and teach the reader about each sound of the 28-letter alphabet. With the creation of this book, Hunminjeongeum(훈민정음), we can understand the true vision and concept Sejong the great had for creating this language and how to clearly grasp the rules and usage of it. The next part of the book was called “haerye”(해례), which showed the theories involved with the inventions of the consonants and vowels and the ideas behind the initial, middle, and final sound of a syllable.[26]

Lastly another special distinction related to the language was, Hunminjeongeum(훈민정음) became a national treasure recognized by the UN in 1997. It was listed in the UNESCO’s Memory of the World Register. It stated that this document created by Sejong was regarded highly for its linguistic, cultural, and ideological values.[26]

Shin Saimdang (신사임당) ~ ₩50,000

Shin Saimdang (1504-1551) is a well-known historical figure and is considered the representative image of the Korean woman and icon of the “wise mother and good wife” (hyeonmoyangcheo,현모양처). Shin Saimdang was an artist, writer calligraphist and poet of the Joseon era. She became the first woman to appear on a new Korean banknote since 2009.[27] She is the mother of Yi I and was of great influence on him. She lived in a male-dominant society because of the great influence of Confucianism. For this reason, her real name is unknown and because she is a woman, her name didn’t make history. The only accounts of her origin story were from her son Yi Yulgok, unofficial history books, anthologies and from postscripts written by Confucian scholars. Her legacy and her artworks are remembered more than documents that portray her as a good wife and wise mother.[28]

New security features[edit]

In 2006, it became a major concern that the South Korean won banknotes were being counterfeited/forged. This led the government to issue a new series of banknotes, with the 5,000 won note being the first one to be redesigned. Later in 2007, the 1,000 and 10,000 won notes were introduced.

On June 23, 2009, the Bank of Korea released the 50,000 won note. The obverse bears a portrait of Shin Saimdang, a prominent 16th-century artist, calligrapher, and mother of Korean scholar Yulgok, also known as Yi I, who is on the 5,000 won note. This note is the first Korean banknote to feature the portrait of a woman.[29] The release of the 50,000 won note stirred some controversy among shop owners and those with visual impairments due to its similarity in color and numerical denomination with the 5,000 won note.[30]

New 100,000 won notes were also announced, but their release was later cancelled due to the controversy over the banknote’s planned image, featuring the Daedongyeojido map, and not including the disputed Dokdo islands.[31][32][33][34]

The banknotes include over 10 security features in each denomination. The 50,000 won note has 22 security features, the 10,000 won note 21, the 5,000 won note 17, the 2,000 won note 10 and the 1,000 won note 19. Many modern security features that can be also found in euros, pounds, Canadian dollars, and Japanese yen are included in the banknotes.
Some security features inserted in won notes are:

  • Holograms with three-dimensional images that change colors within the metallic foil on the obverse side of the notes (except ₩1,000)
  • Watermark portraits of the effigy of the note are visible when held to the light in the white section of the note.
  • Intaglio printing on words and the effigy give off a raised feeling, different from ordinary paper
  • Security thread in the right side of the obverse side of the note with small lettering «한국은행 Bank of Korea» and its corresponding denomination
  • Color-shifting ink on the value number at the back of the note:

For the first time in the world, KOMSCO, the Korean mint, inserted a new substance in the notes to detect counterfeits. This technique is being exported to Europe, North America, etc.[35]

2006 Series[36] (in Korean)
Image Value Dimensions Main color Description Date of issue BOK series designation
Obverse Reverse Obverse Reverse Watermark
1000 won serieIII obverse.jpeg 1000 won serieIII reverse.jpeg ₩1,000 [ko] 136 × 68 mm Blue Yi Hwang, Myeongryundang in Seonggyungwan, plum flowers «Gyesangjeonggeodo»; a painting Yi Hwang in Dosan Seowon by Jeong Seon Reversed portrait and electrotype denomination (₩1,000 to ₩50,000) January 22, 2007 Series III ()
5000 won serieV obverse.jpeg 5000 won serieV reverse.jpeg ₩5,000 [ko] 142 × 68 mm Orange Yi I, Ojukheon in Gangneung, black bamboo «Insects and Plants», a painting of a watermelon and cockscombs by Yi I’s mother Shin Saimdang January 2, 2006 Series V ()
10000 won serieVI obverse.jpeg 10000 won serieVI reverse.jpeg ₩10,000 [ko] 148 × 68 mm Green Sejong the Great, Irworobongdo, a folding screen for Joseon-era kings, and text from the second chapter of Yongbieocheonga, the first work of literature written in hangul Globe of Honcheonsigye, Cheonsang Yeolcha Bunyajido C14 star map and reflecting telescope at Bohyeonsan Observatory in the background January 22, 2007 Series VI ()
50000 KRW 2009 ob.jpg 50000 KRW 2009 rev.jpg ₩50,000 [ko] 154 × 68 mm Yellow Shin Saimdang with Chochungdo — a Folding Screen of Embroidered Plants and Insects (South Korean National Treasure No. 595) in the background Bamboo and a plum tree June 23, 2009 Series I ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.
2017 Commemorative Series[37] (in Korean)
Image Value Dimensions Main color Description Date of issue BOK series designation
Obverse Reverse Obverse Reverse Watermark
[1] [2] ₩2,000 140 x 75 mm Gray Seven winter sports events (Biathlon, Ice hockey, Curling, Speed skating, Ski jumping, Luge and Bobsled) Songhamaenghodo (a painting of a tiger and a pine tree by Joseon-era artist Kim Hong-do) Pyeongchang Olympic Stadium December 11, 2017 Series I ()
These images are to scale at 0.7 pixel per millimetre. For table standards, see the banknote specification table.

Future of the South Korean won[edit]

Coinless trials[edit]

As the South Korean economy is evolving through the use of electronic payments, coins of the South Korean won are becoming less used by consumers. The Bank of Korea began a trial which would result in the total cessation of the production of coins by depositing change into prepaid cards.[38] As of 2019, however, public participation in this program has decreased.[39]

Redenomination proposals[edit]

There have been recurring proposals in the South Korean National Assembly to redenominate the won by introducing a new won or new unit, equal to 1,000 old won, and worth nearly one U.S. dollar. While proponents cite a more valuable currency unit better projects the strength of the nation’s economy, a majority remain opposed to the idea. Reasons cited are: economic harm if done immediately, no issues on public confidence in the won and its inflation rate, limited cost savings, and the presence of more urgent economic issues.[40]

Currency production[edit]

The Bank of Korea is the only institution in South Korea with the right to print banknotes and mint coins. The banknotes and coins are printed at the KOMSCO, a government-owned corporation, under the guidance of the Bank of Korea.
After the new banknotes and coins are printed/minted, they are bundled or rolled and shipped to the headquarters of the Bank of Korea. When delivered, they are deposited inside the bank’s vault, ready to be distributed to commercial banks when requested.
Every year, around Seollal and Chuseok, two major Korean holidays, the Bank of Korea distributes large amounts of its currency to most of the commercial banks in South Korea, which are then given to their customers upon request.

Current exchange rates[edit]

South Korean won exchange rate against U.S. dollar (from 1990) and Euro (from 1999).

Current KRW exchange rates
From Google Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From Yahoo! Finance: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From XE.com: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD
From OANDA: AUD CAD CHF CNY EUR GBP HKD JPY USD EUR JPY USD

See also[edit]

  • Economy of South Korea
  • Korean currency
  • North Korean won

References[edit]

  1. ^ «archive.ph». Archived from the original on 21 April 2016. Retrieved 2022-03-16.
  2. ^ a b Bank of Korea. «화폐 < 홍보교육자료 < 우리나라 화폐단위 변경 | 한국은행 홈페이지. #1» (in Korean). Archived from the original on 2015-09-23. Retrieved 2012-11-24. 한글로만 표기» → Translation: «Spelling in hangul only
  3. ^ a b Entry in Standard Korean Language Dictionary (표준국어대사전)
  4. ^ The Bank of Korea (23 January 2013). KOREAN CURRENCY: for better understanding of Korean currency. p. 10. Retrieved 3 May 2020.
  5. ^ Linzmayer, Owen (2012). «South Korea». The Banknote Book. San Francisco, CA: www.BanknoteNews.com.
  6. ^ Kurt Schuler (29 February 2004). «Tables of modern monetary history: Asia». Currency Boards and Dollarization. Archived from the original on 2007-01-12. Retrieved 2006-11-16.
  7. ^ a b c d e f «Currency Issue System». Bank of Korea. Archived from the original on 2006-08-26. Retrieved 2006-11-09.
  8. ^ a b c «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 10 March 2007. Retrieved 17 January 2022.
  9. ^ a b c «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 10 March 2007. Retrieved 17 January 2022.
  10. ^ «Currency < Currency in circulation < Introduction to Coins | THE BANK OF KOREA. #1». Archived from the original on 2014-12-31. Retrieved 2010-09-27.
  11. ^ 부산본부 (12 December 2006). 새 10원 동전, 12. 18(월)부터 발행 (in Korean). Bank of Korea. Archived from the original (hwp) on March 12, 2007. Retrieved 2006-12-12.
  12. ^ «New W10 Coin to Debut». The Korea Times. 13 January 2006. Archived from the original on January 15, 2006. Retrieved 2006-12-11.
  13. ^ «New 10-won Coins to Debut». KBS Global. 10 August 2006. Archived from the original on March 21, 2008. Retrieved 2006-12-11.
  14. ^ 1원짜리 만한 10원 동전 18일 나온다 (in Korean). Daum Media. 11 December 2006. Archived from the original on 16 October 2007. Retrieved 2006-12-11.
  15. ^ «New 10-won Coins to Debut Next Week». KBS Global. 11 December 2006. Archived from the original on 18 June 2008. Retrieved 2006-12-12.
  16. ^ Bank of Korea Mint Sets — 한국은행 민트 세트 Archived 2017-09-30 at the Wayback Machine Dokdo Research (dokdoresearch.com). Retrieved on 2017-07-05.
  17. ^ «Coins Return to the Bank». The Chosun Ilbo. 19 February 1998. Archived from the original on September 9, 2004. Retrieved 2007-03-26.
  18. ^ a b c d «Brief History of current Korea notes in circulation; 10,000 won note». Bank of Korea. Archived from the original (Flash and HTML) on 2017-05-05. Retrieved 2016-01-13.
  19. ^ a b c «Brief History of current Korea notes in circulation; 5,000-won note». Bank of Korea. Archived from the original (Flash and HTML) on 2007-09-27. Retrieved 2006-11-09.
  20. ^ a b «Brief History of current Korea notes in circulation; 1,000 won note». Bank of Korea. Archived from the original (Flash and HTML) on 2007-09-27. Retrieved 2006-11-09.
  21. ^ «:: The Bank of Korea ::». www.bok.or.kr. Archived from the original on 11 April 2005. Retrieved 17 January 2022.
  22. ^ a b «Welcome to the website of the Ministry of Culture, Sports and Tourism of the Republic of Korea». www.mcst.go.kr. Archived from the original on 3 December 2019. Retrieved 30 June 2022.
  23. ^ «Let’s delve into the secrets hidden inside Korean money!». 2 April 2021.
  24. ^ «Destinations by Region : VisitKorea Destinations by Region Dosanseowon Confucian Academy [UNESCO World Heritage] (도산서원 [유네스코 세계문화유산]) | Official Korea Tourism Organization». English.visitkorea.or.kr. Retrieved 2022-03-16.
  25. ^ (Chung, Edward Y. J. The Korean Neo-Confucianism of Yi T’oegye and Yi Yulgok: A Reappraisal of the «Four-Seven Thesis» and Its Practical Implications for Self-Cultivation. Albany, 1995.)
  26. ^ a b «National Hangeul Museum» (in Korean). Hangeul.go.kr. Retrieved 2022-03-16.
  27. ^ (Kim Soojin (2014) Vacillating images of Shin Saimdang: the invention of a historical heroine in colonial Korea, Inter-Asia Cultural Studies, 15:2, 274-290, DOI: 10.1080/14649373.2014.911440)
  28. ^ <https://www.koreatimes.co.kr/www/art/2017/03/691_225097.html>
  29. ^ «W50,000 Bill Unveiled». english.chosun.com. 2009-02-26. Archived from the original on March 1, 2009. Retrieved 2016-01-13.
  30. ^ «ANN». Asianewsnet.net. Archived from the original on 2011-06-15. Retrieved 2013-07-26.{{cite web}}: CS1 maint: unfit URL (link)
  31. ^ «50,000-Won Banknote to Be Issued in May». Koreatimes.co.kr. 2009-01-27. Retrieved 2012-09-01.
  32. ^ «50,000-Won Banknote to Be Issued in May». Koreatimes.co.kr. 2009-01-27. Retrieved 2014-02-09.
  33. ^ «Debut of W100,000 Note Delayed Indefinitely». English.donga.com. 2009-01-01. Retrieved 2014-02-13.
  34. ^ «SKorea shelves new banknote». News.asiaone.com. 2008-12-18. Archived from the original on February 23, 2014. Retrieved 2014-02-13.
  35. ^ http://www.bok.or.kr/template/newbanknotes/eng/html/index.jsp=tbl_FM0000000066_CA0000003607[dead link]
  36. ^ «Currency < Currency in circulation < Introduction to Banknotes | THE BANK OF KOREA. #2». Bok.or.kr. Archived from the original on 2015-09-23. Retrieved 2012-09-01.
  37. ^ «| Commemorative Banknote | Currency | The bank of korea». www.bok.or.kr. Archived from the original on 2018-07-14.
  38. ^ South Korea begins coinless society trial BBC (www.bbc.com). April 19, 2017. Retrieved on 2017-07-14.
  39. ^ «‘Coinless society’ still full of coins». Koreajoongangdaily.joins.com. 2020-01-20. Retrieved 2022-03-16.
  40. ^ «Redenomination: boon or bane?». Koreatimes.co.kr. 15 April 2019. Retrieved 2022-03-16.
  • Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
  • Cuhaj, George S. (editor) (2005). Standard Catalog of World Paper Money: Modern Issues 1961-Date (11th ed.). Krause Publications. ISBN 0-89689-160-7.
  • Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960. Colin R. Bruce II and Neil Shafer (editors) (8th ed.). Krause Publications. ISBN 0-87341-469-1.

External links[edit]

  • «BOK Announces Smaller Banknotes». The Chosun Ilbo. 2005-07-21. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W5,000 Ready for Release on Jan. 2». The Chosun Ilbo. 2005-12-13. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W1,000 Note Unveiled». The Chosun Ilbo. 2006-01-17. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «Dollar Plummets to Pre-Crisis Level Against Won». The Chosun Ilbo. 2006-01-25. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W5,000 Bills Forgery- but not Water-Proof». The Chosun Ilbo. 2006-01-25. Archived from the original on 2006-10-26. Retrieved 2006-10-17.
  • «New W10,000 Note Unveiled». The Chosun Ilbo. 2006-05-18. Archived from the original on 2006-07-09. Retrieved 2006-10-17.
  • New South Korean won banknotes, information page of BOK’s new notes
  • Pronunciation of Won at freedictionary.com
  • Heiko Otto (ed.). «The banknotes of South Korea» (in English and German). Retrieved 2018-10-21.

From Wikipedia, the free encyclopedia

This article is about the history of the currency prior to 1945. For the later South and North Korean currencies, see South Korean won and North Korean won. For the former online gaming service, see World Opponent Network.

Korean won

圓 / 원 (Korean)
Korea half won 1905.jpg

A half won (半圜) coin issued in 1905.

Denominations
Subunit
1100 jeon (錢)
Demographics
Date of introduction 1902
Replaced Korean yang
Replaced by Korean yen and Japanese yen
User(s) Korean Empire Korean Empire
Valuation
Pegged with Japan Japanese yen = 1 won
This infobox shows the latest status before this currency was rendered obsolete.

The Korean won ([1] Korean: 원 (圓), Korean pronunciation: [wʌn]) or Korean Empire won (Korean: 대한제국 원), was the official currency of the Korean Empire between 1902 and 1910. It was subdivided into 100 jeon (;[2] Korean: 전 (錢), Korean pronunciation: [tɕʌn]).

Korean won
Hunminjeongeum

원, 전

Hanja

圓, 錢

Revised Romanization won, jeon
McCune–Reischauer wŏn, chŏn

Etymology[edit]

Won is a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, won), meaning «round», which describes the shape of the silver dollar.

History[edit]

The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries.

On May 22, 1901 the Korean Empire adopted the gold standard in response to many other countries doing the same.[3] The won was introduced in 1902, replacing the yang at a rate of 1 won = 10 yang. Units: 1 won = 100 jeon (錢), 1 jeon = 5 bun (分, «fun» ec. yesteryear spellings) of the preceding currency. Gold coins were produced in the denominations of 5, 10, and 20 won. All of these coins had a composition of 90% gold and 10% copper.[3] Another notable feature of these coins is that they, unlike the earlier yang coinage, contained no English inscriptions as they only contained Chinese and Hangul legends.[3]

As a part of the Russian influence in Korea at the time the Koreans introduced a small number of «Russified» coins between the years 1901 and 1902, but these coins would prove to be unsuccessful as they were swept away by the flood of cupronickel coins.[4]

The disagreements between the Japanese and Russian Empires led to the Russo-Japanese War when Japan attacked Port Arthur in Russian Dalian and Incheon in Korea, the war ended in a Japanese victory, Japan occupied the Kwantung Leased Territory and the Korean peninsula.[4] The Japanese immediately took control over Korean financial matters. On October 16, 1904 the Koreans accepted Baron Megata Tanetarō from the Japanese Ministry of Finance as financial adviser to their government,[5][6][4] Megata was assigned to assume complete jurisdiction over Korea’s finances.[7] When Megata arrived in Korea, he told Sir John Newell Jordan, who was the British Minister-Resident in Korea at the time, that the Japanese protectorate over Korea was being modeled on British rule in Egypt.[8] One of the first recommendations by Baron Megata was to close all Korean Mints and commence a reform of the Korean currency. One of the primary policy he proposed was removing the cupronickel coins from circulation.[4]

After the Japanese had pressured the Korean Mint Bureau, which had been striking coins for 20 years, to close in November of the year 1904,[3] all gold coins of the won were produced at the Japan Mint in Osaka (日本大阪造幣局).[3] In 1905 the Japan Mint began to produce the Korean won’s new coinage, this entirely new series was modeled almost exactly on the patterns of contemporary Japanese coins and even used the same planchets.[4]

As the coins of the Korean won were being struck on the same planchets as the Japanese yen, when the Japanese would reduce the weight of the minor coinages of the yen in 1906, the weights and sizes of Korean coins were also reduced in 1907.[4] This was also because the Japanese and Korean coins were circulating as equivalents to each other in exchange at the time.[4]

In the year 1907 the imperial Korean government had designated the Japanese Dai-Ichi Bank to carry out the monetary reforms that were suggested by the Japanese adviser to Korea Baron Megata Tanetarō.[4] The Dai-Ichi Bank attempted to withdraw the cupronickel coinage, recall the yeopjeon, and help circulate the newly introduced coinage that was minted in Osaka. During this era Korean cash coins were still largely circulating in the regions of southern and north-eastern Korea.[4] The task of withdrawing the cupronickel coinage from circulation proved to not be an easy one because of the substantial number of counterfeit cupronickel coins that were circulating in Korea at the time, these counterfeit coins were redeemed by the Dai-Ichi Bank at reduced rates from the «official» cupronickel coins; during the exchange process, it was assumed by everybody that theirs cupronickel were «official» cupronickel coins and demanded the maximum exchange rate.[4] The withdrawal of copper-alloy Korean cash coins was made easier due to a global rise in the price of copper, during this era thousands of pounds of copper-alloy Korean cash coins were exported at a profit.[4]

In the year 1908, Korea was hit by a panic when the value of nickel dropped significantly, this led to the Korean public quickly exchanging their cupronickel at the banks.[9] A staggering amount of 266.480,000 of cupronickel coins were exchanged during this panic.[9] This panic would lead to the demonetisation of the Korean cupronickel coinage in November 1908.[9] In the year 1909 there were supposedly 4,000,000 of 5 jeon nickel coins that were struck at the Japan Mint, however, most were melted down due to their demonetised status.[9] Copper coins during this period were not affected by the panic exchange. Older coins collected by the banks from July 1905 to October 1907 resulted to be more than 375 tonnes. If it assumed that only cupronickel 5 fun coins of 7 grams were collected by the banks, more than 53,000,000 would have been collected from general circulation.[9]

After 1908, circulation of the old cupronickel coins was outlawed by the imperial Korean government, while the cast copper-alloy cash coins remained to be legal tender in Korea at a value of 0.2 jeon, which meant that they had a nominal value of 1500 won.[4]

Prince Hirobumi Ito pointed out to the Korean government the anomalous situation of having a foreign (Japanese) commercial bank as the central bank of their government and recommended that the Koreans create their own central bank in the same way that others nations had, [4] and so in 1909, the Bank of Korea (한국은행; 韓國銀行) was founded in Seoul as a central bank and began issuing currency of a modern type.[4] And on 10 November 1909 many of the functions of the Dai-Ichi Bank were passed onto the newly established Bank of Korea.[4]

The Bank of Korea assumed responsibility for the banknotes issued by the Dai-Ichi Bank that were still in circulation (which totalled 12,000,000 yen), the Dai-Ichi Bank would further transfer to the Bank of Korea the 4,000,000 yen in specie reserves which backed its banknotes. The balance was converted by the Bank of Korea to an interest-free 20-year loan to the Dai-Ichi Bank.[4]

In the year 1910 the Japanese had formally annexed Korea, this meant that Korea’s native currency system would become an arm of the Japanese currency system.[4] As a part of the reforms of Korea during the colonial period Korean coinage was suspended;[4] Japanese coinage was then introduced to the peninsula to replace it, although the Japanese created no «crash» program of recall,[4] nine years later in 1919 as much as 25% of all Korean won coins remained in circulation as only 75% of the Korean coinage had been withdrawn by the Japanese.[4]

The won was equivalent to the Japanese yen and was replaced by the Korean yen in 1910 during the Colonial Era. In 1910, the Bank of Korea was renamed the Bank of Joseon (Korean: 조선은행; 朝鮮銀行), which issued notes denominated in yen and sen.

Coins[edit]

Korea 1905 ½ Won silver coin

Coins were minted in the denominations of 12, 1, 5, 10 and 20 jeon, 12, 5, 10 and 20 won.[3] The coins all carried the title of the «state», Daehan (대한; 大韓),[3] and the Korean era name, Gwangmu (광무; 光武) and then Yunghui (융희; 隆熙), whilst the specifications were equivalent to the coins of the Japanese yen.[3]

In 1906 Korea’s first gold coinage was created, in denominations of 5 won, 10 won, and 20 won.[4] These coins were also of identical weight and fineness to their Japanese counterparts, but used a dragon which was similar to the previous generation of Japanese yen gold coins in their designs.[4]

The dragon symbol was replaced by the phoenix on the 12 jeon, 1 jeon, and 5 jeon coins when these coins started being produced by the Japan Mint.[3]

List of coins of the Korean won:[3]

Korean Won Coins
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Years of production
1909 Ban jeon of the Korean Empire 01.jpg 1909 Ban jeon of the Korean Empire 02.jpg 12 jeon
(半錢)[10]
95% copper,
4% tin,
1% zinc
21.9
(1906)
19.1
(1907–1910)
3.4
(1906)
2.1
(1907–1910)
1.5
(1906)
1
(1907–1910)
1906–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 1 jeon
(一錢)
98% copper,
1% tin,
1% zinc
28
(1905–1906)
22.5
(1907–1910)
7.1
(1905–1906)
4.1
(1907–1910)
1.5
(1905–1906)
1
(1907–1910)
1905–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 jeon
(五錢)
Cupronickel
(75% copper and 25% nickel)
20.8 4 2 1905, 1907, and 1909
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 jeon
(十錢)[11][12][13]
800‰ silver,
200‰ copper
17.6 2.5,
2.25
(1907 only)
1.5 1906–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 20 jeon
(二十錢)[14][15][16]
22.8
(1905–1906)
20.3
(1907–1910)
5.4
(1905–1906)
4
(1907–1910)
1.5 1905–1910
Korea half won 1905.jpg 12 won
(半圜)[17][18][19]
31
(1905–1906)
27.5
(1907–1908)
13.5
(1905–1906)
10.13
(1907–1908)
2 1905–1908
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 won
(五圜)[20]
900‰ gold,
100‰ copper
17 4.1666 1 1908–1909
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 won
(十圜)[21][22]
21.2 8.3 1.5 1906 and 1909
Korea 1907 20 Won.jpg 20 won
(二十圜)[23][24]
28.8 16.667 2 1906, 1908, and 1909

Rare coins[edit]

  • There is some question as to whether or not any 12 jeon coins were minted in the year Gwangmu 11.[3]
  • The 12 jeon coins minted in the years 1907 (隆熙元年) and 1910 (隆熙四年) are known to be very scarce.[3]
  • In September 2011 a 5 jeon coin from 1909 was at auction for $138,000.[3]
  • The 5 won gold coins are dated to have been produced in the years 1908 (隆熙二年) and 1909 (隆熙三年).[3] Only two known pieces of the 1909 version of the 5 won are known to be extent, one of these pieces was sold at an auction for $460,000 in September 2011.[3]
  • The 10 won gold coins are dated to have been produced in the years 1906 (光武十年) and 1909 (隆熙三年).[3] Only two known pieces of the 1909 version of the coin are known to be extent with one specimen of this series being sold at an auction for $299,000 in September 2011.[3]
  • The 20 won gold coins are dated to have been produced in the years 1906 (光武十年), 1908 (隆熙二年), and 1909 (隆熙三年).[3] Only two specimens of the 1909 coin are known to be extent with one specimen of this series being sold at an auction for $632,500 in September 2011.[3]

Banknotes[edit]

A banknote of 1 yen «in gold or Nippon Ginko notes» issued by the Bank of Korea in the year 1909.

No banknotes were issued denominated in won. However, Korean yen notes were issued by Dai-Ichi Ginko (First National Bank (of Japan), 주식회사제일은행, 株式會社第一銀行). The Dai-Ichi Bank’s role as treasury bank for the imperial Korean government, its responsibility for recalling the old cupronickel and Korean cash coinage, and the fact that this bank issued the only banknotes that ever gained universal acceptance in Korea at the time emphasised the fact that the Dai-Ichi Bank held a status of being the de facto «Central Bank of Korea» until the founding of the Bank of Korea.[4]

Both local banks and quasi-governmental firms had tried to establish a paper money system in Korea during this era, but none of their issues seemed to have been readily accepted by the public.[4] The Dai-Ichi Bank had petitioned the imperial Japanese government to be granted permission to issue banknotes in Korea, to augment the demonetised Japanese yen coins that it was importing, this was because in the year 1885 the imperial government had monopolised the issuing of banknotes and prohibited banks from doing this in Japan.[4]

After the imperial Japanese government has granted this permission, the Dai-Ichi Bank released banknotes in the year 1902 that were printed by the Japanese Finance Ministry Printing Bureau.[4] In Southern Korea they were well received in the trade port cities, but faced rejection in the Russian influenced cities of Seoul and Incheon. This was because of the ongoing rivalry between Japan and Russia. In the year 1902 the Russians successfully petitioned the Korean government to ban all banknotes issued by the Dai-Ichi Bank, but this ban only lasted for a few months.[4]

The Dai-Ichi Bank had enough fiscal and economic strength to redeem every banknote that was presented to them when they were banned from circulating, later the Dai-Ichi Bank was able to withstand yet another run on its banknotes, this meant that public confidence in the issues of the Dai-Ichi Bank grew in Korea which helped the bank succeed.[4]

In the year 1905 the Dai-Ichi Bank had been designated the «treasury bank» for the Korean government, which meant that it served as the Korean government’s agent for depositories and disbursing finances.[4]

The Dai-Ichi Bank would issue fractional denomination banknotes (banknotes with denominations smaller than 1 yen) for the Imperial Japanese Army soldiers that were operating in northern Korea and Manchuria.[4] Since these banknotes were printed by the Japanese Ministry of Finance, they were almost identical to the banknotes issued by the imperial Japanese government themselves for these same soldiers.[4] The fractional banknotes issued by the Dai-Ichi Bank were seen as being very convenient, and were soon circulating all over the Korean peninsula.[4]

Following the establishment of the Bank of Korea, it would immediately begin to issue its own banknotes, these new banknotes were redeemable «in gold or Nippon Ginko notes.»[4] Most of the reserves held by the Bank of Korea at the time were banknotes issued by the Bank of Japan and commercial paper.[4]

Korean «Eagle» coins[edit]

Following the Japanese victory during the First Sino-Japanese War, the Qing dynasty’s influence over the Korean peninsula was replaced by that of the Japanese Empire.[3] Furthermore China’s weakened position during this era allowed for the interests of the Russian Empire in the Far East to expand significantly as well.[3] The Russian Empire sent Mr. Alexiev as the financial advisor to Korea. On March 1, 1898 the first branch of the Russo-Korean Bank in Asia was established.[3] In the year 1901, Alexiev authorised the minting of a new set of three coins, these were Korean «Eagle» coins were issued by the Russo-Korean Bank.[3]

These coins are known as the Korean «Eagle» coins because the fact that instead of having a Korean dragon or Korean phoenix in their design they have an crowned eagle based on the coat of arms of Russia.[3] All of the Korean «Eagle» coins were minted at the Yongsan Mint (龍山典局).[3] These coins would prove to be unsuccessful as they were swept away by the flood of cupronickel coins.[4]

The Russo-Korean bank also created a set of experimental coins (or «trial coins») that were produced but never saw any circulation. This unissued coin series included a copper 10 won (十圜), a copper 20 won (二十圜), and a silver «half dollar» (半圜, «half won»).[3] While all of these unissued Korean «Eagle» coins were reportedly minted in the year 1901, the coins display various other dates such as 1899, 1901, 1902, or 1903.[3]

Following the Japanese victory during the Russo-Japanese War and Korea becoming a Japanese protectorate under the Eulsa Treaty, the Japanese would confiscate and destroy almost all Korean «Eagle» coins.[3] Because of this, surviving Korean «Eagle» coins are extremely rare.[3]

List of issued Korean «Eagle» coins:[3]

Korean «Eagle» Coins Issued by the Russo-Korean Bank
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Years of production
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 1 jeon
(一錢)[25]
98% copper,
1% tin,
1% zinc
28 8 1902
(光武六年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 jeon
(五錢)[26]
Cupronickel
(75% copper,
25% nickel)
20.5 5.4 1902
(光武六年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 12 won
(半圜)[27]
90% silver,
10% copper
30.9 13.5 2 1901
(光武五年)

List of unissued Korean «Eagle» pattern coins:[3]

Unissued Korean «Eagle» pattern coins created by the Russo-Korean Bank
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Dates on the coins
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 won
(十圜)[28]
Copper 1903
(光武七年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 20 won
(二十圜)[29]
Copper 1902
(光武六年)

Rare Korean «Eagle» coins[edit]

  • A specimen of a 1 jeon Korean «Eagle» coin dated 1902 (光武六年) sold at an auction for $149,500 in September 2011.[3]
  • A specimen of a 20 won Korean «Eagle» coin dated 1902 (光武六年) sold at the same auction as the coin above for $115,000 in September 2011.[3]

See also[edit]

  • Names of Korea
  • Economy of South Korea
  • Economy of North Korea

References[edit]

  1. ^ «won». OxfordDictionaries.com. Oxford University Press. Archived from the original on September 28, 2016. Retrieved 8 January 2017.
  2. ^ «jeon». OxfordDictionaries.com. Oxford University Press. Archived from the original on January 9, 2017. Retrieved 8 January 2017.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag «Korean Coins – 韓國錢幣 — History of Korean Coinage». Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture). 16 November 2016. Retrieved 18 October 2019.
  4. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai Joseph E. Boling, NLG (1988). «Korea — A Numismatic Survey. (This article has been transposed to this format from a July 1988 supplement issue included with Coin World. Its original title was: Beyond Cash — A Numismatic Survey of Korea.)» (PDF). Moneta-Coins.com. Retrieved 3 October 2019.
  5. ^ Michael Schiltz (a Kluge Fellow in the John W. Kluge Center and a professor at the University of Leuven in Belgium) (5 December 2007). «A Money Doctor from Japan: Megata Tanetaro in Korea, 1904-1907». Library of Congress. Retrieved 16 October 2019.
  6. ^ (Blank) (11 July 2010). «Gojong’s Korea caught in international power struggles». The Korea Herald. Retrieved 16 October 2019.
  7. ^ Yumi Moon (4 February 2013). «Immoral Rights: Korean Populist Collaborators and the Japanese Colonization of Korea, 1904–1910». The American Historical Review. Oxford Academic — The American Historical Review, Volume 118, Issue 1, February 2013, Pages 20–44. 118: 20–44. doi:10.1093/ahr/118.1.20. Retrieved 16 October 2019.
  8. ^ Satoshi Mizutani, Doshisha University (2019). «Transimperial Genealogies of Korea as a Protectorate: The Egypt Model in Japan’s Politics of Colonial Comparison. (East Asian History and Culture Review (e-journal) 32: 22–49.)». Institute of East Asian Studies, University of California at Berkeley. Retrieved 16 October 2019.
  9. ^ a b c d e GXSeries.com — Korean coin type set (1888 — 1910). Retrieved: 17 October 2019.
  10. ^ Numista — 12 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  11. ^ Numista — 10 Chon (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  12. ^ Numista — 10 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  13. ^ Numista — 10 Chon (Yung Hee) 2-4 (1908-1910). Retrieved: 16 October 2019.
  14. ^ Numista — 20 Chon (Gwang Mu) 9-10 (1905-1906). Retrieved: 16 October 2019.
  15. ^ Numista — 20 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  16. ^ Numista — 20 Chon (Yung Hee) 2-4 (1908-1910). Retrieved: 16 October 2019.
  17. ^ Numista — 12 Won (Gwang Mu) 9-10 (1905-1906). Retrieved: 16 October 2019.
  18. ^ Numista — 12 Won (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  19. ^ Numista — 12 Won (Yung Hee) 2 (1908). Retrieved: 16 October 2019.
  20. ^ Numista — 5 Won (Yung Hee) 2-3 (1908-1909). Retrieved: 16 October 2019.
  21. ^ Numista — 10 Won (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  22. ^ Numista — 10 Won (Yung Hee) 3 (1909). Retrieved: 16 October 2019.
  23. ^ Numista — 20 Won (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  24. ^ Numista — 20 Won (Yung Hee) 2-3 (1908-1909). Retrieved: 16 October 2019.
  25. ^ Numista — 1 Chon (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  26. ^ Numista — 5 Chon (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  27. ^ Numista — 12 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  28. ^ Numista — 10 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  29. ^ Numista — 20 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.

Further reading[edit]

  • Schuler, Kurt. «Tables of Modern Monetary History: Asia». Retrieved 2004-02-29.
  • Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
  • Krause, Chester L.; Clifford Mishler (2004). Standard Catalog of World Coins: 1801–1900. Colin R. Bruce II (senior editor) (4th ed.). Krause Publications. ISBN 0873497988.

From Wikipedia, the free encyclopedia

This article is about the history of the currency prior to 1945. For the later South and North Korean currencies, see South Korean won and North Korean won. For the former online gaming service, see World Opponent Network.

Korean won

圓 / 원 (Korean)
Korea half won 1905.jpg

A half won (半圜) coin issued in 1905.

Denominations
Subunit
1100 jeon (錢)
Demographics
Date of introduction 1902
Replaced Korean yang
Replaced by Korean yen and Japanese yen
User(s) Korean Empire Korean Empire
Valuation
Pegged with Japan Japanese yen = 1 won
This infobox shows the latest status before this currency was rendered obsolete.

The Korean won ([1] Korean: 원 (圓), Korean pronunciation: [wʌn]) or Korean Empire won (Korean: 대한제국 원), was the official currency of the Korean Empire between 1902 and 1910. It was subdivided into 100 jeon (;[2] Korean: 전 (錢), Korean pronunciation: [tɕʌn]).

Korean won
Hunminjeongeum

원, 전

Hanja

圓, 錢

Revised Romanization won, jeon
McCune–Reischauer wŏn, chŏn

Etymology[edit]

Won is a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, won), meaning «round», which describes the shape of the silver dollar.

History[edit]

The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries.

On May 22, 1901 the Korean Empire adopted the gold standard in response to many other countries doing the same.[3] The won was introduced in 1902, replacing the yang at a rate of 1 won = 10 yang. Units: 1 won = 100 jeon (錢), 1 jeon = 5 bun (分, «fun» ec. yesteryear spellings) of the preceding currency. Gold coins were produced in the denominations of 5, 10, and 20 won. All of these coins had a composition of 90% gold and 10% copper.[3] Another notable feature of these coins is that they, unlike the earlier yang coinage, contained no English inscriptions as they only contained Chinese and Hangul legends.[3]

As a part of the Russian influence in Korea at the time the Koreans introduced a small number of «Russified» coins between the years 1901 and 1902, but these coins would prove to be unsuccessful as they were swept away by the flood of cupronickel coins.[4]

The disagreements between the Japanese and Russian Empires led to the Russo-Japanese War when Japan attacked Port Arthur in Russian Dalian and Incheon in Korea, the war ended in a Japanese victory, Japan occupied the Kwantung Leased Territory and the Korean peninsula.[4] The Japanese immediately took control over Korean financial matters. On October 16, 1904 the Koreans accepted Baron Megata Tanetarō from the Japanese Ministry of Finance as financial adviser to their government,[5][6][4] Megata was assigned to assume complete jurisdiction over Korea’s finances.[7] When Megata arrived in Korea, he told Sir John Newell Jordan, who was the British Minister-Resident in Korea at the time, that the Japanese protectorate over Korea was being modeled on British rule in Egypt.[8] One of the first recommendations by Baron Megata was to close all Korean Mints and commence a reform of the Korean currency. One of the primary policy he proposed was removing the cupronickel coins from circulation.[4]

After the Japanese had pressured the Korean Mint Bureau, which had been striking coins for 20 years, to close in November of the year 1904,[3] all gold coins of the won were produced at the Japan Mint in Osaka (日本大阪造幣局).[3] In 1905 the Japan Mint began to produce the Korean won’s new coinage, this entirely new series was modeled almost exactly on the patterns of contemporary Japanese coins and even used the same planchets.[4]

As the coins of the Korean won were being struck on the same planchets as the Japanese yen, when the Japanese would reduce the weight of the minor coinages of the yen in 1906, the weights and sizes of Korean coins were also reduced in 1907.[4] This was also because the Japanese and Korean coins were circulating as equivalents to each other in exchange at the time.[4]

In the year 1907 the imperial Korean government had designated the Japanese Dai-Ichi Bank to carry out the monetary reforms that were suggested by the Japanese adviser to Korea Baron Megata Tanetarō.[4] The Dai-Ichi Bank attempted to withdraw the cupronickel coinage, recall the yeopjeon, and help circulate the newly introduced coinage that was minted in Osaka. During this era Korean cash coins were still largely circulating in the regions of southern and north-eastern Korea.[4] The task of withdrawing the cupronickel coinage from circulation proved to not be an easy one because of the substantial number of counterfeit cupronickel coins that were circulating in Korea at the time, these counterfeit coins were redeemed by the Dai-Ichi Bank at reduced rates from the «official» cupronickel coins; during the exchange process, it was assumed by everybody that theirs cupronickel were «official» cupronickel coins and demanded the maximum exchange rate.[4] The withdrawal of copper-alloy Korean cash coins was made easier due to a global rise in the price of copper, during this era thousands of pounds of copper-alloy Korean cash coins were exported at a profit.[4]

In the year 1908, Korea was hit by a panic when the value of nickel dropped significantly, this led to the Korean public quickly exchanging their cupronickel at the banks.[9] A staggering amount of 266.480,000 of cupronickel coins were exchanged during this panic.[9] This panic would lead to the demonetisation of the Korean cupronickel coinage in November 1908.[9] In the year 1909 there were supposedly 4,000,000 of 5 jeon nickel coins that were struck at the Japan Mint, however, most were melted down due to their demonetised status.[9] Copper coins during this period were not affected by the panic exchange. Older coins collected by the banks from July 1905 to October 1907 resulted to be more than 375 tonnes. If it assumed that only cupronickel 5 fun coins of 7 grams were collected by the banks, more than 53,000,000 would have been collected from general circulation.[9]

After 1908, circulation of the old cupronickel coins was outlawed by the imperial Korean government, while the cast copper-alloy cash coins remained to be legal tender in Korea at a value of 0.2 jeon, which meant that they had a nominal value of 1500 won.[4]

Prince Hirobumi Ito pointed out to the Korean government the anomalous situation of having a foreign (Japanese) commercial bank as the central bank of their government and recommended that the Koreans create their own central bank in the same way that others nations had, [4] and so in 1909, the Bank of Korea (한국은행; 韓國銀行) was founded in Seoul as a central bank and began issuing currency of a modern type.[4] And on 10 November 1909 many of the functions of the Dai-Ichi Bank were passed onto the newly established Bank of Korea.[4]

The Bank of Korea assumed responsibility for the banknotes issued by the Dai-Ichi Bank that were still in circulation (which totalled 12,000,000 yen), the Dai-Ichi Bank would further transfer to the Bank of Korea the 4,000,000 yen in specie reserves which backed its banknotes. The balance was converted by the Bank of Korea to an interest-free 20-year loan to the Dai-Ichi Bank.[4]

In the year 1910 the Japanese had formally annexed Korea, this meant that Korea’s native currency system would become an arm of the Japanese currency system.[4] As a part of the reforms of Korea during the colonial period Korean coinage was suspended;[4] Japanese coinage was then introduced to the peninsula to replace it, although the Japanese created no «crash» program of recall,[4] nine years later in 1919 as much as 25% of all Korean won coins remained in circulation as only 75% of the Korean coinage had been withdrawn by the Japanese.[4]

The won was equivalent to the Japanese yen and was replaced by the Korean yen in 1910 during the Colonial Era. In 1910, the Bank of Korea was renamed the Bank of Joseon (Korean: 조선은행; 朝鮮銀行), which issued notes denominated in yen and sen.

Coins[edit]

Korea 1905 ½ Won silver coin

Coins were minted in the denominations of 12, 1, 5, 10 and 20 jeon, 12, 5, 10 and 20 won.[3] The coins all carried the title of the «state», Daehan (대한; 大韓),[3] and the Korean era name, Gwangmu (광무; 光武) and then Yunghui (융희; 隆熙), whilst the specifications were equivalent to the coins of the Japanese yen.[3]

In 1906 Korea’s first gold coinage was created, in denominations of 5 won, 10 won, and 20 won.[4] These coins were also of identical weight and fineness to their Japanese counterparts, but used a dragon which was similar to the previous generation of Japanese yen gold coins in their designs.[4]

The dragon symbol was replaced by the phoenix on the 12 jeon, 1 jeon, and 5 jeon coins when these coins started being produced by the Japan Mint.[3]

List of coins of the Korean won:[3]

Korean Won Coins
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Years of production
1909 Ban jeon of the Korean Empire 01.jpg 1909 Ban jeon of the Korean Empire 02.jpg 12 jeon
(半錢)[10]
95% copper,
4% tin,
1% zinc
21.9
(1906)
19.1
(1907–1910)
3.4
(1906)
2.1
(1907–1910)
1.5
(1906)
1
(1907–1910)
1906–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 1 jeon
(一錢)
98% copper,
1% tin,
1% zinc
28
(1905–1906)
22.5
(1907–1910)
7.1
(1905–1906)
4.1
(1907–1910)
1.5
(1905–1906)
1
(1907–1910)
1905–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 jeon
(五錢)
Cupronickel
(75% copper and 25% nickel)
20.8 4 2 1905, 1907, and 1909
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 jeon
(十錢)[11][12][13]
800‰ silver,
200‰ copper
17.6 2.5,
2.25
(1907 only)
1.5 1906–1910
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 20 jeon
(二十錢)[14][15][16]
22.8
(1905–1906)
20.3
(1907–1910)
5.4
(1905–1906)
4
(1907–1910)
1.5 1905–1910
Korea half won 1905.jpg 12 won
(半圜)[17][18][19]
31
(1905–1906)
27.5
(1907–1908)
13.5
(1905–1906)
10.13
(1907–1908)
2 1905–1908
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 won
(五圜)[20]
900‰ gold,
100‰ copper
17 4.1666 1 1908–1909
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 won
(十圜)[21][22]
21.2 8.3 1.5 1906 and 1909
Korea 1907 20 Won.jpg 20 won
(二十圜)[23][24]
28.8 16.667 2 1906, 1908, and 1909

Rare coins[edit]

  • There is some question as to whether or not any 12 jeon coins were minted in the year Gwangmu 11.[3]
  • The 12 jeon coins minted in the years 1907 (隆熙元年) and 1910 (隆熙四年) are known to be very scarce.[3]
  • In September 2011 a 5 jeon coin from 1909 was at auction for $138,000.[3]
  • The 5 won gold coins are dated to have been produced in the years 1908 (隆熙二年) and 1909 (隆熙三年).[3] Only two known pieces of the 1909 version of the 5 won are known to be extent, one of these pieces was sold at an auction for $460,000 in September 2011.[3]
  • The 10 won gold coins are dated to have been produced in the years 1906 (光武十年) and 1909 (隆熙三年).[3] Only two known pieces of the 1909 version of the coin are known to be extent with one specimen of this series being sold at an auction for $299,000 in September 2011.[3]
  • The 20 won gold coins are dated to have been produced in the years 1906 (光武十年), 1908 (隆熙二年), and 1909 (隆熙三年).[3] Only two specimens of the 1909 coin are known to be extent with one specimen of this series being sold at an auction for $632,500 in September 2011.[3]

Banknotes[edit]

A banknote of 1 yen «in gold or Nippon Ginko notes» issued by the Bank of Korea in the year 1909.

No banknotes were issued denominated in won. However, Korean yen notes were issued by Dai-Ichi Ginko (First National Bank (of Japan), 주식회사제일은행, 株式會社第一銀行). The Dai-Ichi Bank’s role as treasury bank for the imperial Korean government, its responsibility for recalling the old cupronickel and Korean cash coinage, and the fact that this bank issued the only banknotes that ever gained universal acceptance in Korea at the time emphasised the fact that the Dai-Ichi Bank held a status of being the de facto «Central Bank of Korea» until the founding of the Bank of Korea.[4]

Both local banks and quasi-governmental firms had tried to establish a paper money system in Korea during this era, but none of their issues seemed to have been readily accepted by the public.[4] The Dai-Ichi Bank had petitioned the imperial Japanese government to be granted permission to issue banknotes in Korea, to augment the demonetised Japanese yen coins that it was importing, this was because in the year 1885 the imperial government had monopolised the issuing of banknotes and prohibited banks from doing this in Japan.[4]

After the imperial Japanese government has granted this permission, the Dai-Ichi Bank released banknotes in the year 1902 that were printed by the Japanese Finance Ministry Printing Bureau.[4] In Southern Korea they were well received in the trade port cities, but faced rejection in the Russian influenced cities of Seoul and Incheon. This was because of the ongoing rivalry between Japan and Russia. In the year 1902 the Russians successfully petitioned the Korean government to ban all banknotes issued by the Dai-Ichi Bank, but this ban only lasted for a few months.[4]

The Dai-Ichi Bank had enough fiscal and economic strength to redeem every banknote that was presented to them when they were banned from circulating, later the Dai-Ichi Bank was able to withstand yet another run on its banknotes, this meant that public confidence in the issues of the Dai-Ichi Bank grew in Korea which helped the bank succeed.[4]

In the year 1905 the Dai-Ichi Bank had been designated the «treasury bank» for the Korean government, which meant that it served as the Korean government’s agent for depositories and disbursing finances.[4]

The Dai-Ichi Bank would issue fractional denomination banknotes (banknotes with denominations smaller than 1 yen) for the Imperial Japanese Army soldiers that were operating in northern Korea and Manchuria.[4] Since these banknotes were printed by the Japanese Ministry of Finance, they were almost identical to the banknotes issued by the imperial Japanese government themselves for these same soldiers.[4] The fractional banknotes issued by the Dai-Ichi Bank were seen as being very convenient, and were soon circulating all over the Korean peninsula.[4]

Following the establishment of the Bank of Korea, it would immediately begin to issue its own banknotes, these new banknotes were redeemable «in gold or Nippon Ginko notes.»[4] Most of the reserves held by the Bank of Korea at the time were banknotes issued by the Bank of Japan and commercial paper.[4]

Korean «Eagle» coins[edit]

Following the Japanese victory during the First Sino-Japanese War, the Qing dynasty’s influence over the Korean peninsula was replaced by that of the Japanese Empire.[3] Furthermore China’s weakened position during this era allowed for the interests of the Russian Empire in the Far East to expand significantly as well.[3] The Russian Empire sent Mr. Alexiev as the financial advisor to Korea. On March 1, 1898 the first branch of the Russo-Korean Bank in Asia was established.[3] In the year 1901, Alexiev authorised the minting of a new set of three coins, these were Korean «Eagle» coins were issued by the Russo-Korean Bank.[3]

These coins are known as the Korean «Eagle» coins because the fact that instead of having a Korean dragon or Korean phoenix in their design they have an crowned eagle based on the coat of arms of Russia.[3] All of the Korean «Eagle» coins were minted at the Yongsan Mint (龍山典局).[3] These coins would prove to be unsuccessful as they were swept away by the flood of cupronickel coins.[4]

The Russo-Korean bank also created a set of experimental coins (or «trial coins») that were produced but never saw any circulation. This unissued coin series included a copper 10 won (十圜), a copper 20 won (二十圜), and a silver «half dollar» (半圜, «half won»).[3] While all of these unissued Korean «Eagle» coins were reportedly minted in the year 1901, the coins display various other dates such as 1899, 1901, 1902, or 1903.[3]

Following the Japanese victory during the Russo-Japanese War and Korea becoming a Japanese protectorate under the Eulsa Treaty, the Japanese would confiscate and destroy almost all Korean «Eagle» coins.[3] Because of this, surviving Korean «Eagle» coins are extremely rare.[3]

List of issued Korean «Eagle» coins:[3]

Korean «Eagle» Coins Issued by the Russo-Korean Bank
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Years of production
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 1 jeon
(一錢)[25]
98% copper,
1% tin,
1% zinc
28 8 1902
(光武六年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 5 jeon
(五錢)[26]
Cupronickel
(75% copper,
25% nickel)
20.5 5.4 1902
(光武六年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 12 won
(半圜)[27]
90% silver,
10% copper
30.9 13.5 2 1901
(光武五年)

List of unissued Korean «Eagle» pattern coins:[3]

Unissued Korean «Eagle» pattern coins created by the Russo-Korean Bank
Obverse Reverse Denomination Composition Diameter
(in millimeters)
Weight
(in grams)
Thickness
(in millimeters)
Dates on the coins
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 10 won
(十圜)[28]
Copper 1903
(光武七年)
Imperial Seal of the Korean Empire.svg Imperial Seal of the Korean Empire.svg 20 won
(二十圜)[29]
Copper 1902
(光武六年)

Rare Korean «Eagle» coins[edit]

  • A specimen of a 1 jeon Korean «Eagle» coin dated 1902 (光武六年) sold at an auction for $149,500 in September 2011.[3]
  • A specimen of a 20 won Korean «Eagle» coin dated 1902 (光武六年) sold at the same auction as the coin above for $115,000 in September 2011.[3]

See also[edit]

  • Names of Korea
  • Economy of South Korea
  • Economy of North Korea

References[edit]

  1. ^ «won». OxfordDictionaries.com. Oxford University Press. Archived from the original on September 28, 2016. Retrieved 8 January 2017.
  2. ^ «jeon». OxfordDictionaries.com. Oxford University Press. Archived from the original on January 9, 2017. Retrieved 8 January 2017.
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag «Korean Coins – 韓國錢幣 — History of Korean Coinage». Gary Ashkenazy / גארי אשכנזי (Primaltrek – a journey through Chinese culture). 16 November 2016. Retrieved 18 October 2019.
  4. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai Joseph E. Boling, NLG (1988). «Korea — A Numismatic Survey. (This article has been transposed to this format from a July 1988 supplement issue included with Coin World. Its original title was: Beyond Cash — A Numismatic Survey of Korea.)» (PDF). Moneta-Coins.com. Retrieved 3 October 2019.
  5. ^ Michael Schiltz (a Kluge Fellow in the John W. Kluge Center and a professor at the University of Leuven in Belgium) (5 December 2007). «A Money Doctor from Japan: Megata Tanetaro in Korea, 1904-1907». Library of Congress. Retrieved 16 October 2019.
  6. ^ (Blank) (11 July 2010). «Gojong’s Korea caught in international power struggles». The Korea Herald. Retrieved 16 October 2019.
  7. ^ Yumi Moon (4 February 2013). «Immoral Rights: Korean Populist Collaborators and the Japanese Colonization of Korea, 1904–1910». The American Historical Review. Oxford Academic — The American Historical Review, Volume 118, Issue 1, February 2013, Pages 20–44. 118: 20–44. doi:10.1093/ahr/118.1.20. Retrieved 16 October 2019.
  8. ^ Satoshi Mizutani, Doshisha University (2019). «Transimperial Genealogies of Korea as a Protectorate: The Egypt Model in Japan’s Politics of Colonial Comparison. (East Asian History and Culture Review (e-journal) 32: 22–49.)». Institute of East Asian Studies, University of California at Berkeley. Retrieved 16 October 2019.
  9. ^ a b c d e GXSeries.com — Korean coin type set (1888 — 1910). Retrieved: 17 October 2019.
  10. ^ Numista — 12 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  11. ^ Numista — 10 Chon (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  12. ^ Numista — 10 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  13. ^ Numista — 10 Chon (Yung Hee) 2-4 (1908-1910). Retrieved: 16 October 2019.
  14. ^ Numista — 20 Chon (Gwang Mu) 9-10 (1905-1906). Retrieved: 16 October 2019.
  15. ^ Numista — 20 Chon (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  16. ^ Numista — 20 Chon (Yung Hee) 2-4 (1908-1910). Retrieved: 16 October 2019.
  17. ^ Numista — 12 Won (Gwang Mu) 9-10 (1905-1906). Retrieved: 16 October 2019.
  18. ^ Numista — 12 Won (Gwang Mu) 11 (1907). Retrieved: 16 October 2019.
  19. ^ Numista — 12 Won (Yung Hee) 2 (1908). Retrieved: 16 October 2019.
  20. ^ Numista — 5 Won (Yung Hee) 2-3 (1908-1909). Retrieved: 16 October 2019.
  21. ^ Numista — 10 Won (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  22. ^ Numista — 10 Won (Yung Hee) 3 (1909). Retrieved: 16 October 2019.
  23. ^ Numista — 20 Won (Gwang Mu) 10 (1906). Retrieved: 16 October 2019.
  24. ^ Numista — 20 Won (Yung Hee) 2-3 (1908-1909). Retrieved: 16 October 2019.
  25. ^ Numista — 1 Chon (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  26. ^ Numista — 5 Chon (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  27. ^ Numista — 12 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  28. ^ Numista — 10 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.
  29. ^ Numista — 20 Won (Gwang Mu — Russian Occupation). Retrieved: 17 October 2019.

Further reading[edit]

  • Schuler, Kurt. «Tables of Modern Monetary History: Asia». Retrieved 2004-02-29.
  • Krause, Chester L.; Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901–Present. Colin R. Bruce II (senior editor) (31st ed.). Krause Publications. ISBN 0873495934.
  • Krause, Chester L.; Clifford Mishler (2004). Standard Catalog of World Coins: 1801–1900. Colin R. Bruce II (senior editor) (4th ed.). Krause Publications. ISBN 0873497988.

Морфемный разбор слова:

Однокоренные слова к слову:

Южнокорейская вона (₩)

Южнокорейская вона — валюта Республики Корея. 1 вона = 100 чон.

История

Впервые вона появилась в 1902 году и заменила корейский янг, но через 8 лет уступила место японской иене, когда Корея стала японской колонией в 1910 году. После приобретения независимости основным средством платежа в Южной Корее были хваны, а с 9 июня 1962 года вона снова становится национальной валютой страны. Обмен хванов на воны производился до 1975 года по курсу 10:1.

Изначально курс воны был привязан к курсу доллара как 125:1, а в 1997 г. происходит переход к свободному курсу. Через некоторое время после этого в результате азиатского финансового кризиса вона обесценивается почти в два раза, что приводит к отмене разменной монеты — чон.

Монеты

После официального перехода на новую денежную единицу в стране выпускались всего две монеты — 10 и 50 хван, которые использовали как 1 и 5 вон. А 16 августа 1966 года Банк Кореи выпускает монеты номиналом 1, 5, 10 вон, на которых указывается дата чеканки не по корейскому календарю, а по григорианскому. Позднее появляются монеты 50 и 100 вон.

Сейчас в обращении находятся монеты достоинством 1, 5, 10, 50, 100, 500 вон.

Серия 1966-1982 гг.

Серия 1982-2006 гг.

Банкноты

Последняя обновленная серия банкнот вышла в 2007 году с усиленной защитой от подделок. На сегодняшний день в обороте присутстуют купюры 1 000, 5 000, 10 000 и 50 000 вон, а также чековые билеты 100 000 вон и более.

Источник

Курс воны Республики Корея

Динамика курса воны Республики Корея (KRW) к доллару, евро, за месяц и год. График изменений курса валюты воны Республики Корея за сегодня и прогноз на завтра.

Динамика курса воны Республики Корея, за 1000 KRW

Кросс-курсы воны Республики Корея на 26 декабря 2021 года

Специальные предложения

+ 0,4% при использовании карты

Сохранение ставки до 4,75% при досрочном расторжении вклада в рублях

Банковские продукты в вонах Республики Корея

Информация о воне Республики Корея

Коды и символы

Страны обращения

Историческая справка

Южнокорейская вона – валюта Республики Корея. Банковский код – KRW. 1 вона равна 10 хванам, но денежные единицы менее 1 воны выведены из обращения. Номиналы действующих банкнот: 50 тыс., 10 тыс., 5 тыс. и 1 тыс. вон. Монеты: 500, 100, 50, 10, 5 и 1 вона.

Существует две версии написания и произношения валюты Южной Кореи: «вона» в женском роде, как предписывает Орфографический словарь русского языка Российской академии наук под редакцией В. В. Лопатина, и «вон» в мужском – как пишет Банк России в своих ежедневных котировках. Это связано со сложностью перевода с восточных языков.

На лицевой стороне банкнот Южной Кореи достоинством 1 тыс. вон изображены портрет философа и мыслителя XVI в. Ли Хвана, меннюндан (традиционный зал для уроков конфуцианства в университете Сонгюнгван), а также цветок оливы. На обороте – прибрежный пейзаж скалистого морского побережья. На 5 тыс. вон – один из самых выдающихся ученых-конфуцианцев XVI века Ли И на фоне музейного комплекса Очжукхон в Канныне, а также черный бамбук и репродукция работы матери Ли И художницы Син Саимдан «Насекомые и растения». На 10 тыс. вон изображен четвертый правитель XV века корейской династии Ли Седжой Великий, при котором в стране происходил культурный подъем и старинный корейский глобус XVII века. На 50 тыс. вон – художница, поэтесса, каллиграф XVI века Син Саимдан, а на обороте – бамбук и японская слива.

На реверсе всех южнокорейских монет написан номинал, название эмиссионного банка – Банк Кореи – и год. А аверсы у монет разные. На 1 воне – символ страны цветок гибискуса сирийского. На 5 вонах – кобуксон – в буквальном переводе корабль-черепаха, средневековый корейский военный парусник. На 10 вонах – каменная пагода в монастыре Пульгукса, именуемая Таботхап, или пагода многочисленных сокровищ. На 50 вонах – цветок риса. На 100 вонах – Ли Сунсин, легендарный флотоводец XV века, одержавший ряд побед над Японией. На самой крупной южнокорейской монете в 500 вон изображен журавль.

История корейской валюты начинается с III века до нашей эры с первых денежных знаков, представляющих из себя монеты в виде ножей, а также зерна. Последние просуществовали до XI века, когда происходит переход к чеканке стальных средств платежа. В XI-XII веках производились также медные и серебряные монеты, но их тираж был ограничен.

Но стране не удалось сохранить независимость, и после 1910 года Корея оказалась аннексирована Японией. Так, вона была обменяна 1 к 1 на корейскую иену.

Вскоре после Второй мировой войны денежной единицей стал хван, его курс составлял 15 хван за доллар США. В 1948 году Корея была разделена на два самостоятельных государства – Северную и Южную Корею. Фактически в стране шла гражданская война – не без участия внешних сил: США, Китая, СССР. При этом корейских хван пережил ряд девальваций: в 1947-м он составлял 50 хван за доллар США, в 1948-м – 450, 1949-м – 900, 1950-м – 1,8 тыс., а в 1951-м – уже 6 тыс.

В 1962 году в стране была проведена денежная реформа, при которой 10 хван обменивались на новую валюту – южнокорейскую вону. В это время курс составлял 125 вон за доллар США. До 1980-го Банк Кореи фиксировал обменный курс по отношению к американской валюте. При этом к маю 1964 года он составлял 255, в 1972-м – 400, а в 1980-м – 500 вон за доллар США.

С 80-х годов прошлого века Южная Корея взяла курс на либерализацию валютного рынка. И в 1997 году вона по согласованию с Международным валютным фондом стала свободно конвертируемой валютой, котировки которой определяются спросом и предложением.

Последняя девальвация южнокорейской воны произошла в результате азиатско-тихоокеанского кризиса – тогда она подешевела вдвое.

На весну 2012 года курс воны колеблется в пределах 1 125 – 1 140 за доллар США, 1480-1510 – за евро. По отношению к нашей валюте 100 вон стоят приблизительно 2,57 российского рубля.

Южнокорейская вона является одним из инструментов рынка Forex. Кроме того, она может быть интересна для инвесторов: страна на протяжении десятилетий демонстрировала стабильный рост (за исключением периодов мировых кризисов). Южная Корея имеет развитую высокотехнологичную промышленность, ориентированную на экспорт.

Несмотря на либеральность валютного законодательства Южной Кореи, тем, кто едет в эту страну, нужно знать определенные правила. Ввозить иностранную валюту можно в любых количествах, но на сумму, превышающую 10 тыс. долларов США требуется декларация, которую придется сохранять до конца поездки. При въезде незадекларированные валюта или чеки на общую сумму более 10 тыс. долларов могут быть конфискованы, а нарушитель оштрафован.

Вывозить иностранную валюту разрешается в пределах заявленного во въездной декларации. Южнокорейские воны можно вывозить в пределах до 8 млн. Неизрасходованные воны могут быть обменены обратно по предъявлении свидетельства об обмене, выданного местным банком. В случае отсутствия такового обменять можно не более 100 долларов.

Источник

Национальная валюта Южной Кореи

Южнокорейская вона – валюта Республики Корея. Банковский код – KRW. 1 вона равна 10 хванам, но денежные единицы менее 1 воны выведены из обращения. Номиналы действующих банкнот: 50 тыс., 10 тыс., 5 тыс. и 1 тыс. вон. Монеты: 500, 100, 50, 10, 5 и 1 вона.

Иллюстрация: Банк Республики Корея

Существует две версии написания и произношения валюты Южной Кореи: «вона» в женском роде, как предписывает Орфографический словарь русского языка Российской академии наук под редакцией В. В. Лопатина, и «вон» в мужском – как пишет Банк России в своих ежедневных котировках. Это связано со сложностью перевода с восточных языков.

На лицевой стороне банкнот Южной Кореи достоинством 1 тыс. вон изображены портрет философа и мыслителя XVI в. Ли Хвана, меннюндан (традиционный зал для уроков конфуцианства в университете Сонгюнгван), а также цветок оливы. На обороте – прибрежный пейзаж скалистого морского побережья. На 5 тыс. вон – один из самых выдающихся ученых-конфуцианцев XVI века Ли И на фоне музейного комплекса Очжукхон в Канныне, а также черный бамбук и репродукция работы матери Ли И художницы Син Саимдан «Насекомые и растения». На 10 тыс. вон изображен четвертый правитель XV века корейской династии Ли Седжой Великий, при котором в стране происходил культурный подъем и старинный корейский глобус XVII века. На 50 тыс. вон – художница, поэтесса, каллиграф XVI века Син Саимдан, а на обороте – бамбук и японская слива.

На реверсе всех южнокорейских монет написан номинал, название эмиссионного банка – Банк Кореи – и год. А аверсы у монет разные. На 1 воне – символ страны цветок гибискуса сирийского. На 5 вонах – кобуксон – в буквальном переводе корабль-черепаха, средневековый корейский военный парусник. На 10 вонах – каменная пагода в монастыре Пульгукса, именуемая Таботхап, или пагода многочисленных сокровищ. На 50 вонах – цветок риса. На 100 вонах – Ли Сунсин, легендарный флотоводец XV века, одержавший ряд побед над Японией. На самой крупной южнокорейской монете в 500 вон изображен журавль.

История корейской валюты начинается с III века до нашей эры с первых денежных знаков, представляющих из себя монеты в виде ножей, а также зерна. Последние просуществовали до XI века, когда происходит переход к чеканке стальных средств платежа. В XI-XII веках производились также медные и серебряные монеты, но их тираж был ограничен.

Иллюстрация: Банк Республики Корея

Но стране не удалось сохранить независимость, и после 1910 года Корея оказалась аннексирована Японией. Так, вона была обменяна 1 к 1 на корейскую иену.

Вскоре после Второй мировой войны денежной единицей стал хван, его курс составлял 15 хван за доллар США. В 1948 году Корея была разделена на два самостоятельных государства – Северную и Южную Корею. Фактически в стране шла гражданская война – не без участия внешних сил: США, Китая, СССР. При этом корейских хван пережил ряд девальваций: в 1947-м он составлял 50 хван за доллар США, в 1948-м – 450, 1949-м – 900, 1950-м – 1,8 тыс., а в 1951-м – уже 6 тыс.

В 1962 году в стране была проведена денежная реформа, при которой 10 хван обменивались на новую валюту – южнокорейскую вону. В это время курс составлял 125 вон за доллар США. До 1980-го Банк Кореи фиксировал обменный курс по отношению к американской валюте. При этом к маю 1964 года он составлял 255, в 1972-м – 400, а в 1980-м – 500 вон за доллар США.

С 80-х годов прошлого века Южная Корея взяла курс на либерализацию валютного рынка. И в 1997 году вона по согласованию с Международным валютным фондом стала свободно конвертируемой валютой, котировки которой определяются спросом и предложением.

Последняя девальвация южнокорейской воны произошла в результате азиатско-тихоокеанского кризиса – тогда она подешевела вдвое.

На осень 2017 года курс воны составляет 1 089 за доллар США, 1 250 – за евро. По отношению к нашей валюте 100 вон стоят приблизительно 5,42 российского рублей.

Южнокорейская вона является одним из инструментов рынка Forex. Кроме того, она может быть интересна для инвесторов: страна на протяжении десятилетий демонстрировала стабильный рост (за исключением периодов мировых кризисов). Южная Корея имеет развитую высокотехнологичную промышленность, ориентированную на экспорт.

Несмотря на либеральность валютного законодательства Южной Кореи, тем, кто едет в эту страну, нужно знать определенные правила. Ввозить иностранную валюту можно в любых количествах, но на сумму, превышающую 10 тыс. долларов США требуется декларация, которую придется сохранять до конца поездки. При въезде незадекларированные валюта или чеки на общую сумму более 10 тыс. долларов могут быть конфискованы, а нарушитель оштрафован.

Вывозить иностранную валюту разрешается в пределах заявленного во въездной декларации. Южнокорейские воны можно вывозить в пределах до 8 млн. Неизрасходованные воны могут быть обменены обратно по предъявлении свидетельства об обмене, выданного местным банком. В случае отсутствия такового обменять можно не более 100 долларов.

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Знак воны Республики Корея

Вона ( Won )

Вона — денежная единица Кореи (как Северной, так и Южной). Ее название происходит от китайского юаня. Знак ₩ — перечеркнутая двумя горизонтальными линиями буква W — используется для обозначения как северо-, так и южнокорейской воны, однако их международные коды отличаются.

Страна Код Обозначение
Республика Корея (Южная Корея) KRW
КНДР (Северная Корея) KPW

Запись в HTML ₩
₩ Кодировка UNICODE U + 20A9

Еще раз — полная таблица со всеми знаками валют:

Универсальное обозначение валюты Generic currency symbol ¤
Украинская валюта
Гривна Украина Hryvnia UAH грн
Основные валюты
Доллар США Dollar USD $
Евро Евро­пейский Союз Euro EUR
Фунт Стерлингов Велико­британия Pound Sterling GBP £
Иена Япония Yen JPY ¥ 円 圓
Юань Китай Yuán CNY ¥ 元 圓
Рубль Россия Ruble RUB руб.
Прочие валюты
Шекель Израиль Sheqel ILS
Рупия Индия Rupee INR Rs Rp ₹
Вона Корея Won KRW
Наира Нигерия Naira NGN
Бат Таиланд Baht THB ฿
Донг Вьетнам Dông VND
Кип Лаос Kip LAK
Риель Камбоджа Riel KHR
Тугрик Монголия Tögrög MNT
Песо Филиппины Peso PHP
Риал Иран Rial IRR
Колон Коста-Рика Colon CRC
Гуарани Парагвай Guarani PYG G.
Афгани Афганистан Afghani AFN ؋
Седи Гана Cedi GHS
Тенге Казахстан Tenge KZT
Турецкая лира Турция Turkish Lira TRY TL
Манат Азер­байджан Manat AZN
Лари Грузия Lari GEL
Злотый Польша Złoty PLN
Устаревшие валюты
ЭКЮ Евро­пейское Сообщество ECU XEU
Песета Испания Peseta ESP Pts
Франк Франция Franc FRF F
Лира Италия Lira ITL
Флорин
Гульден
Нидерланды Florin
Gulden
NLG ƒ
Драхма Греция Drachma GRD
Крузейро Бразилия Cruzeiro BRZ Cr
Аустрал Аргентина Austral ARA
Производные денежные единицы
Цент 1 /100 доллара Cent ¢ c
Милль 1 /1000 доллара Mill
Пфенниг 1 /100 марки Pfennig
Bitcoin (куда ж без него:) Bitcoin BTC

Таблица условных обозначений валют

Если у вас вместо символов, обозначающих ту или иную валюту, видны прямоугольники, либо другие непонятные символы, не соответствующие их графическому представлению, показанному в левой колонке — это значит, что на вашем компьютере не устанвлены новые шрифты для поддержки данных обозначений. Ничего страшного.

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Теперь вы знаете какие однокоренные слова подходят к слову Вон валюта как пишется, а так же какой у него корень, приставка, суффикс и окончание. Вы можете дополнить список однокоренных слов к слову «Вон валюта как пишется», предложив свой вариант в комментариях ниже, а также выразить свое несогласие проведенным с морфемным разбором.

Южнокорейская вона – валюта Республики Корея. Банковский код – KRW. 1 вона равна 10 хванам, но денежные единицы менее 1 воны выведены из обращения. Номиналы действующих банкнот: 50 тыс., 10 тыс., 5 тыс. и 1 тыс. вон. Монеты: 500, 100, 50, 10, 5 и 1 вона.

Иллюстрация: Банк Республики Корея

Существует две версии написания и произношения валюты Южной Кореи: «вона» в женском роде, как предписывает Орфографический словарь русского языка Российской академии наук под редакцией В. В. Лопатина, и «вон» в мужском – как пишет Банк России в своих ежедневных котировках. Это связано со сложностью перевода с восточных языков.

На лицевой стороне банкнот Южной Кореи достоинством 1 тыс. вон изображены портрет философа и мыслителя XVI в. Ли Хвана, меннюндан (традиционный зал для уроков конфуцианства в университете Сонгюнгван), а также цветок оливы. На обороте – прибрежный пейзаж скалистого морского побережья. На 5 тыс. вон – один из самых выдающихся ученых-конфуцианцев XVI века Ли И на фоне музейного комплекса Очжукхон в Канныне, а также черный бамбук и репродукция работы матери Ли И художницы Син Саимдан «Насекомые и растения». На 10 тыс. вон изображен четвертый правитель XV века корейской династии Ли Седжой Великий, при котором в стране происходил культурный подъем и старинный корейский глобус XVII века. На 50 тыс. вон – художница, поэтесса, каллиграф XVI века Син Саимдан, а на обороте – бамбук и японская слива.

На реверсе всех южнокорейских монет написан номинал, название эмиссионного банка – Банк Кореи – и год. А аверсы у монет разные. На 1 воне – символ страны цветок гибискуса сирийского. На 5 вонах – кобуксон – в буквальном переводе корабль-черепаха, средневековый корейский военный парусник. На 10 вонах – каменная пагода в монастыре Пульгукса, именуемая Таботхап, или пагода многочисленных сокровищ. На 50 вонах – цветок риса. На 100 вонах – Ли Сунсин, легендарный флотоводец XV века, одержавший ряд побед над Японией. На самой крупной южнокорейской монете в 500 вон изображен журавль.

История корейской валюты начинается с III века до нашей эры с первых денежных знаков, представляющих из себя монеты в виде ножей, а также зерна. Последние просуществовали до XI века, когда происходит переход к чеканке стальных средств платежа. В XI-XII веках производились также медные и серебряные монеты, но их тираж был ограничен.

В 1392 году на смену династии Коре пришла династия Чосен, при которой было предпринято несколько попыток реформы денежной системы страны. В XVII веке открываются 24 монетных двора, которые начали чеканку медных и бронзовых монет. В 1633-м официальной денежной единицей становится мун. В 1892 году на смену муну приходит янг – первая валюта Кореи, имеющая десятичную систему (1 янг равнялся 100 фанам). А в 1902 году в стране была проведена деноминация, в результате которой появилась вона, равная 5 янгам. В 1909 -м создается Банк Кореи, который берет на себя функции эмиссионного банка.

Иллюстрация: Банк Республики Корея

Но стране не удалось сохранить независимость, и после 1910 года Корея оказалась аннексирована Японией. Так, вона была обменяна 1 к 1 на корейскую иену.

Вскоре после Второй мировой войны денежной единицей стал хван, его курс составлял 15 хван за доллар США. В 1948 году Корея была разделена на два самостоятельных государства – Северную и Южную Корею. Фактически в стране шла гражданская война – не без участия внешних сил: США, Китая, СССР. При этом корейских хван пережил ряд девальваций: в 1947-м он составлял 50 хван за доллар США, в 1948-м – 450, 1949-м – 900, 1950-м – 1,8 тыс., а в 1951-м – уже 6 тыс.

В 1962 году в стране была проведена денежная реформа, при которой 10 хван обменивались на новую валюту – южнокорейскую вону. В это время курс составлял 125 вон за доллар США. До 1980-го Банк Кореи фиксировал обменный курс по отношению к американской валюте. При этом к маю 1964 года он составлял 255, в 1972-м – 400, а в 1980-м – 500 вон за доллар США.

С 80-х годов прошлого века Южная Корея взяла курс на либерализацию валютного рынка. И в 1997 году вона по согласованию с Международным валютным фондом стала свободно конвертируемой валютой, котировки которой определяются спросом и предложением.

Последняя девальвация южнокорейской воны произошла в результате азиатско-тихоокеанского кризиса – тогда она подешевела вдвое.

На весну 2012 года курс воны колеблется в пределах 1 125 – 1 140 за доллар США, 1480-1510 – за евро. По отношению к нашей валюте 100 вон стоят приблизительно 2,57 российского рубля.

Южнокорейская вона является одним из инструментов рынка Forex. Кроме того, она может быть интересна для инвесторов: страна на протяжении десятилетий демонстрировала стабильный рост (за исключением периодов мировых кризисов). Южная Корея имеет развитую высокотехнологичную промышленность, ориентированную на экспорт.

Несмотря на либеральность валютного законодательства Южной Кореи, тем, кто едет в эту страну, нужно знать определенные правила. Ввозить иностранную валюту можно в любых количествах, но на сумму, превышающую 10 тыс. долларов США требуется декларация, которую придется сохранять до конца поездки. При въезде незадекларированные валюта или чеки на общую сумму более 10 тыс. долларов могут быть конфискованы, а нарушитель оштрафован.

Вывозить иностранную валюту разрешается в пределах заявленного во въездной декларации. Южнокорейские воны можно вывозить в пределах до 8 млн. Неизрасходованные воны могут быть обменены обратно по предъявлении свидетельства об обмене, выданного местным банком. В случае отсутствия такового обменять можно не более 100 долларов.

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