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词条 South Korean won (1945–53)
释义

  1. Etymology

  2. History

  3. Coin

  4. Banknotes

     Bank of Joseon issued notes  Bank of Korea issued notes 

  5. See also

  6. References

  7. External links

{{Short description|Former currency}}{{about|a past currency of South Korea|the currency currently in use|South Korean won}}{{Infobox Currency
|currency_name_in_local = {{lang|ko|대한민국 원}} {{ko icon}}
{{lang|ko|大韓民國圓}} (Hanja)|
|using_countries=Republic of Korea
|subunit_ratio_1=1/100
|subunit_name_1=jeon (전/錢)
|no_plural = Y
|pegged_with = US dollar
|symbol = None, the currency was referred to by using the hanja character {{lang|ko|}}
|used_banknotes=5, 10, 20, 50 jeon
1, 5, 10, 100, 500, 1000 won
|used_coins=1 jeon
Subsidiary coin issued by the Japanese government
|issuing_authority=Bank of Joseon (1945-1950)
Bank of Korea (1950-1953)
|issuing_authority_website=www.bok.or.kr
|printer = National Printing Bureau (~ 1951)
Korea Minting and Security Printing Corporation (1951 ~)
|printer_website = www.komsep.com
|obsolete_notice = Y
}}

The won was the first South Korean currency and was in use from August 15, 1945 to February 15, 1953.

Etymology

{{main|Etymology of the Korean currencies}}

Won is a cognate of the Chinese yuan and Japanese yen. The won was subdivided into 100 jeon (전; 錢; McCune-Reischauer: chŏn; revised: jeon).

History

{{Main|History of the Korean currencies}}

Following the end of the Colonial Era and the division of Korea, the won was introduced to replace the Korean yen. The first banknotes were issued by the Bank of Joseon until 1950, when the currency management switched to the Bank of Korea.

At the time of its introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen. In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar.[1] Following that the hwan was introduced as the new currency at a rate of 1 hwan = 100 won.

Coin

The 1 jeon coin was the only coin in circulation in South Korea at the time. It was not issued by the Bank of Joseon but by the Japanese government as subsidiary money.

[2]

Banknotes

Bank of Joseon issued notes

The won was subdivided into 100 jeon. Only banknotes were issued. Initially, the won was issued by Bank of Joseon with a similar design to the older notes of the Japanese occupation period. However, there were two subtle and important differences. The new notes replaced the paulownia, the badge of the government of Japan, with the Rose of Sharon, South Korea's national flower; and the clause about exchangeability with the Japanese yen was removed.

Bank of Joseon issued notes
Value
5 jeon
10 jeon
20 jeon
50 jeon
1 won
5 won
10 won
100 won

Bank of Korea issued notes

On June 12, 1950, the Bank of Korea was established and assumed the duties of Bank of Joseon. The Bank of Joseon's notes were still kept in circulation as not all denominations were replaced by the Bank of Korea's notes.

Bank of Korea issued notes [https://web.archive.org/web/20070316000043/http://www.bok.or.kr/template/main/html/index.jsp?tbl=tbl_FM0000000066_CA0000000505] {{ko icon
ImageValueDimensionsMain ColorDescriptionDate ofPrinter
Obverse Reverse Obverse Reverse issue withdrawal
100 won158 × 78 mmbrownGwanghwamunValueJuly 22, 1950February 17, 1953National Printing Bureau (Japan)
500 won145 × 61 mmblueLee Sung-manPagoda Gongweon in SeoulOctober 10, 1952KOMSEP
1000 won171 × 78 mmgreenValueJuly 22, 1950National Printing Bureau
145 × 61 mmbluePagoda Gongweon in SeoulOctober 10, 1952KOMSEP
{{Standard banknote table notice|standard_scale=0}}

See also

  • List of Korea-related topics
  • Economy of South Korea
  • History of South Korea

References

1. ^{{cite web| url = http://users.erols.com/kurrency/asia.htm| title = Tables of modern monetary history: Asia| accessdate = December 7, 2006| author = Kurt Schuler| date = 2004-02-29| work = Currency Boards and Dollarization}}
2. ^{{cite web| url = http://www.bok.or.kr/template/main/html/index.jsp?tbl=tbl_FM0000000066_CA0000000505| archive-url = https://web.archive.org/web/20070316000043/http://www.bok.or.kr/template/main/html/index.jsp?tbl=tbl_FM0000000066_CA0000000505| dead-url = yes| archive-date = March 16, 2007| script-title = ko:우리나라의 화폐, 1950년~1953년| accessdate = December 4, 2006| author = Bank of Korea| authorlink = Bank of Korea| language = korean| quote = 한국은행은 설립 당시 통용되던 조선은행권 (...), 일본정부의 소액보조화폐(1錢 주화) 등을 승계하고..." → Translation: "The then founded Bank of Korea took over the Bank of Joseon notes circulating at the time (...), as well as the Japanese government's small subsidiary currency (1 jeon coin), and...}}

External links

  • {{ko icon}} [https://web.archive.org/web/20070316000043/http://www.bok.or.kr/template/main/html/index.jsp?tbl=tbl_FM0000000066_CA0000000505 Bank of Korea, 1950-1953 banknotes]
  • [https://web.archive.org/web/20060826172659/http://www.bok.or.kr/template/eng/html/index.jsp?tbl=tbl_FM0000000066_CA0000001019 Bank of Korea, A Brief History of Korean Currency]
  • [https://web.archive.org/web/20060826081444/http://www.bok.or.kr/template/eng/html/index.jsp?tbl=tbl_FM0000000066_CA0000001020 Bank of Korea, Currency Issue System]
  • [https://web.archive.org/web/20061207023022/http://www.npb.go.jp/eng/index.html National Printing Bureau]
{{n-start}}{{n-before|currency=Korean yen|reason=Division of Korea and moving toward a full sovereign nation from Allied occupation|ratio=at par}}{{n-currency|location=South Korea|start=1945|end=1953}}{{n-after|currency=South Korean hwan|ratio=1 hwan = 100 won|reason=inflation}}{{n-end}}{{Historical currencies of Korea}}{{Economy of South Korea}}{{DEFAULTSORT:South Korean won (1945-1953)}}

6 : Currencies of South Korea|Modern obsolete currencies|1945 in South Korea|1945 establishments in Korea|1953 disestablishments in South Korea|Economic history of South Korea

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