The yen was the currency of Korea between 1910 and 1945. Korea is a geographic area composed of two sovereign countries a civilization and a former state situated on the Korean Peninsula in East Asia. It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically for Korea. The yen was subdivided into 100 sen. It replaced the Korean won at par and was replaced by the South Korean won at par, and the North Korean won. This page provides the history of the currency prior to 1945 For the later South and North Korean currencies see South Korean won and North Korean won. The won (ko 원 ( sign: ₩; code: KRW) is the currency of South Korea. The wŏn ( sign: ₩; code: KPW) is the currency of North Korea.
Banknotes
From 1902-1910, banknotes were issued by Dai Ichi Ginko (First National Bank of Japan), 株式會社第一銀行, Kabushiki Gaisha Daiichi Ginkō). The, abbreviated as, was one of the largest Banks in the world during the latter half of the 20th century Denominations included 10 sen, 20 sen, 50 sen, 1 yen, 5 yen, and 10 yen. The sen notes were vertical and resembled the Japanese sen notes of 1872 and the Japanese Military Yen at the turn of the century. Japanese military yen ( Chinese and Japanese: 日本軍用手票 also 日本軍票 in short commonly abbreviated as JMY, was the These notes were redeemable in "Japanese Currency at any of its Branches in Corea"
In 1909, the Bank of Korea (韓國銀行, Hanguk Unhaeng) was founded in Seoul as a central bank and began issuing currency of modern type. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Seoul ( soʊl is the Capital and largest City of South Korea. Bank of Korea notes were dated 1909 and issued in 1910 and 1911. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. After Korea lost her sovereignty to Japan in 1910, the Bank of Korea was renamed the Bank of Choson (朝鮮銀行, Korean: Choson Unhaeng, Japanese: Chōsen Ginkō). The first Bank of Choson note was dated 1911 and issued in 1914. 1 yen, 5 yen, 10 yen, and 100 yen were issued regularly, while there were occasionally some sen notes (5, 10, 20, 50 sen). 1000 yen was printed but never issued at the end of World War II. World War II, or the Second World War, (often abbreviated WWII) was a global military conflict which involved a majority of the world's nations, including The earlier issues were redeemable "in Gold or Nippon Ginko Note". is the Central bank of Japan. History Like most modern Japanese institutions the Bank of Japan was born after the Meiji Restoration. A similar phrase was written in Japanese on later issues. is a language spoken by over 130 million people in Japan and in Japanese emigrant communities
See also
References
- Schuler, Kurt. There are various names of Korea in use today derived from ancient kingdoms and dynasties The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Tables of Modern Monetary History: Asia.
- Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960, Colin R. The Standard Catalog of World Paper Money is a very well-known catalogue of Banknotes that is published by Krause Publications in three volumes Bruce II and Neil Shafer (editors), 8th ed. , Krause Publications. ISBN 0-87341-469-1.
| Preceded by: Korean yang Reason: heavier influence by Japan Ratio: 1 yen = 5 yang |
Currency of Korea 1902 – 1945 Concurrent with: Korean won until 1910, when Japan completely annexed Korea |
Succeeded by: North Korean (old) won Reason: end of World War II and Division of Korea |
| Succeeded by: South Korean (old) won Reason: end of World War II and Division of Korea Ratio: at par |
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