South Korean won 대한민국 원 (Hangul) 大韓民國 원1 (Hanja)
Currently circulating coins and banknotes
ISO 4217 Code	KRW
User(s)	Republic of Korea
Inflation	2. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː In economics inflation or price inflation is a rise in the general level of prices of goods and services over a period of time 5%
Source	UPI, 2007 (National Statistical Office, S. Korea)
Method	CPI
Subunit
1/100	jeon (전) Theoretical (not used)
Symbol	₩
Plural	The language(s) of this currency does not have a morphological plural distinction. CPI redirects here For other uses see CPI (disambiguation. A consumer price index ( CPI) is a measure of the average price of consumer A currency sign is a graphic symbol often used as a shorthand for a Currency 's name Plural is a Grammatical number, typically referring to more than one of the Referent in the real world
Coins
Freq. used	₩10, ₩50, ₩100, ₩500
Rarely used	₩1, ₩5 Cash transactions are legally rounded to the nearest ₩10
Banknotes	₩1000, ₩5000, ₩10000
Central bank	Bank of Korea
Website	www.bok.or.kr
Printer	Korea Minting and Security Printing Corporation
Website	www.komsco.com
Mint	Korea Minting and Security Printing Corporation
Website	www.komsco.com
The old won's hanja is 圓 but the new one is not written in Hanja[1]. A central bank, reserve bank, or monetary authority is the entity responsible for the Monetary policy of a country or of a group of member states The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. A printer is a company that provides commercial Printing services often also offering Typesetting and Book-binding services Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes A mint is an industrial facility which manufactures Coins for Currency. Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes The won was the first South Korean currency and was in use from August 15 1945 to February 15 1953. Hanja is the Korean name for Chinese characters. More specifically it refers to those Chinese characters borrowed from Chinese and incorporated

The won (원) is the currency of South Korea. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː A currency called the won circulated in all Korea between 1902 and 1910. 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 was first the currency of South Korea between 1945 and 1953, with the currently circulating won introduced in 1962. The won is subdivided into 100 jeon (전), although denominations in jeon are no longer used. Its ISO 4217 code is KRW. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established The Latinized symbol for won, ₩, is made of a letter W with an equal sign ("="), which is abbreviated to a single dash sign ("–") in many cases. Latin ( lingua Latīna, laˈtiːna is an Italic language, historically spoken in Latium and Ancient Rome. This symbol replaces the backslash character ("\") on Korean keyboards. In Computing, a keyboard is an Input device partially modelled after the typewriter keyboard which uses an arrangement of buttons or keys

Contents 1 Etymology 2 First South Korean won 2.1 History 2.2 Banknotes 3 Second South Korean won 3.1 History 3.2 Coins 3.3 Banknotes 4 Current banknotes 5 Banknote Production 6 Security features 7 See also 8 References 9 External links

Etymology

Main article: Etymology of the Korean currencies

"Won" is a cognate of the Chinese yuan and Japanese yen. Won is the Currency of both North and South Korea. Won is a Cognate of the Chinese currency unit yuan and the Japanese Cognates in Linguistics are words that have a common origin They may occur within a language such as shirt and skirt as two English words descended from All three names derive from the Chinese character 圓(원), which means "round shape. A Chinese character, also known as a Han character ( is a Logogram used in writing Chinese (hanzi Japanese ( " The won was subdivided into 100 jeon (Hangul: 전; Hanja: 錢; Revised Romanization: jeon; McCune-Reischauer: chŏn), which means "money. Hanja is the Korean name for Chinese characters. More specifically it refers to those Chinese characters borrowed from Chinese and incorporated The Revised Romanization of Korean is the official Korean language Romanization system in South Korea. McCune-Reischauer romanization is one of the two most widely used Korean language Romanization systems along with the Revised Romanization of Korean, which "

First South Korean won

Main article: South Korean won (1945)

History

The won was first used as Korea's currency between 1902 and 1910. The won was the first South Korean currency and was in use from August 15 1945 to February 15 1953. 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. Korea is a geographic area composed of two sovereign countries a civilization and a former state situated on the Korean Peninsula in East Asia. Year 1902 ( MCMII) was a Common year starting on Wednesday (link will display calendar of the Gregorian calendar (or a Common year starting Year 1910 ( MCMX) was a Common year starting on Saturday (link will display calendar of the Gregorian calendar (or a Common year starting It was replaced at par by the yen, made up of the Japanese currency and banknotes of the Korean yen. The yen was the currency of Korea between 1910 and 1945 It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically

In 1945, Korea was divided, resulting in separate currencies, both called won, for the South and North. The division of Korea into North Korea and South Korea stems from the 1945 Allied victory in World War II, ending Japan North Korea is the commonly used short form name for the Democratic People's Republic of Korea (or DPRK) a State located in East Asia, Both the Southern won and Northern won replaced the yen at par. The won was the first South Korean currency and was in use from August 15 1945 to February 15 1953. The wŏn ( sign: ₩; code: KPW) is the currency of North Korea. The first South Korean won was subdivided into 100 jeon. Only banknotes were issued, which initially circulated alongside banknotes of both the Japanese and Korean yen and Japanese coins.

The South Korean won was initially pegged to the U.S. dollar at a rate of 15 won = 1 dollar. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been A series of devaluations followed, the later ones in part due to the Korean war. The Korean War refers to a period of military conflict between North Korean and South Korean regimes with major hostilities lasting from June 25 1950 until the 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	1800
November 1, 1950	2500
April 1, 1951	6000

The first South Korean won was replaced by the hwan on February 15, 1953 at a rate of 1 hwan = 100 won. Year 1945 ( MCMXLV) was a Common year starting on Monday (link will display the full calendar Events 1099 - First Crusade: Christian soldiers take the Church of the Holy Sepulchre in Jerusalem after the final Year 1947 ( MCMXLVII) was a Common year starting on Wednesday (link will display full 1947 calendar of the Gregorian calendar. Events 331 BC - Alexander the Great defeats Darius III of Persia in the Battle of Gaugamela. Year 1948 ( MCMXLVIII) was a Leap year starting on Thursday (link will display the 1948 calendar of the Gregorian calendar. Events 1276 - While taking exile in Fuzhou in southern China, away from the advancing Mongol invaders, the remnants of the Year 1949 ( MCMXLIX) was a Common year starting on Saturday (link will display the full calendar of the Gregorian calendar. Events 305 - Diocletian and Maximian retire from the office of Roman Emperor. Year 1950 ( MCML) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar. Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 1950 ( MCML) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar. Events 527 - Byzantine Emperor Justin I names his nephew Justinian I as co-ruler and successor to the throne Year 1951 ( MCMLI) was a Common year starting on Monday. Events of 1951 January The hwan (圜 환 was the currency of South Korea between February 15 1953 and June 9 1962. Events 590 - Khosrau II is crowned as king of Persia 1637 - Ferdinand III becomes Holy Roman Emperor Year 1953 ( MCMLIII) was a Common year starting on Thursday (link will display full calendar of the Gregorian calendar.

Banknotes

In 1946, the Bank of Joseon introduced 10 and 100 won notes. These were followed in 1949 by 5 and 1000 won notes. The designs were similar to those of the yen notes from the Japanese occupation period. The yen was the currency of Korea between 1910 and 1945 It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically Korea under Japanese rule refers to the period between 1910 and 1945 when Korea was forcibly annexed by the Japanese Empire. However, there were two subtle and important differences. The new notes replaced the paulownia, the badge of the government of Japan, with the five-petalled Rose of Sharon, South Korea's national flower. Paulownia is a genus of between 6–17 species (depending on taxonomic authority of Plants in the monogeneric family Paulowniaceae, related to and Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North The clause referring to exchangeability with the Japanese yen was also removed.

A new central bank, the Bank of Korea, was established in 1950, and assumed the duties of Bank of Joseon. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Year 1950 ( MCML) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar. Notes were introduced (some dated 1949) in denominations of 5, 10 and 50 jeon, 100 and 1000 won. 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. English is a West Germanic language originating in England and is the First language for most people in the United Kingdom, the United States The hwan (圜 환 was the currency of South Korea between February 15 1953 and June 9 1962.

Second South Korean won

History

The won was reintroduced on June 9, 1962 at a rate of 1 won = 10 hwan. Events 53 - Roman Emperor Nero marries Claudia Octavia 62 - Claudia Octavia commits Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. It became the sole legal tender on March 22, 1975 with the withdrawal of the last circulating hwan coins. Events 238 - Gordian I and his son Gordian II are proclaimed Roman emperor. Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Its ISO 4217 code is KRW. ISO 4217 is the International standard describing three-letter codes (also known as the currency code) to define the names of currencies established At the reintroduction of the won in 1962, its value was pegged at 125 won = 1 U. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. S. dollar. 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. Events 1190 - Third Crusade: Frederick I Barbarossa drowns in the Sally River while leading an army to Jerusalem Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Events 1491 - Kongo monarch Nkuwu Nzinga is baptised by Portuguese missionaries adopting the baptismal name of João Year 1964 ( MCMLXIV) was a Leap year starting on Wednesday (link will display full calendar of the 1964 Gregorian calendar. Events 8 - Roman Empire General Tiberius defeats Dalmatians on the river Bathinus. Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. Events 43 BC - Marcus Tullius Cicero assassinated 1696 - Connecticut Route 108, one of the oldest highways Year 1974 ( MCMLXXIV) was a Common year starting on Tuesday (link will display full calendar of the 1974 Gregorian calendar. Events 475 - Basiliscus becomes Byzantine Emperor, with a coronation ceremony in the Hebdomon palace in Constantinople Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) Events 1560 - The Treaty of Berwick, which would expel the French from Scotland, is signed by England and the Congregation Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) Floating rate may also refer to a Floating interest rate applied to a Loan or other lending product The won was finally allowed to float on December 24, 1997 when an agreement was signed with the International Monetary Fund. Events 563 - The Byzantine church Hagia Sophia in Constantinople is dedicated for the second time after being destroyed by Earthquakes Year 1997 ( MCMXCVII) was a Common year starting on Wednesday (link will display full 1997 Gregorian calendar The International Monetary Fund ( IMF) is an International organization that oversees the Global financial system by following the Macroeconomic ^[2] Shortly after, the won was devalued to almost half of its value, as part of the East Asian financial crisis. The Asian Financial Crisis was a period of Financial crisis that gripped much of Asia beginning in July 1997 and raised fears of a worldwide economic meltdown (

Coins

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. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Events 1384 - The Hongwu Emperor of Ming China, Emperor Dong hears a case of a couple who tore paper money bills while fighting Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Brass is any Alloy of Copper and Zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties These were the first South Korean coins to display the date in the Common era, earlier coins having used the Korean calendar. The traditional Korean calendar is a Lunisolar calendar which like the traditional calendars of other East Asian countries was based on the Chinese calendar The 10 and 50 hwan coins were demonetized on March 22, 1975. Events 238 - Gordian I and his son Gordian II are proclaimed Roman emperor. Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. ^[3]

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. Year 1968 ( MCMLXVIII) was a Leap year starting on Monday (link will display full calendar of the Gregorian calendar. As an attempt to further reduce currency production costs, new 5 won and 10 won coins were issued in 1970, struck in brass. Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. Cupro-nickel 100 won coins were also introduced that year, followed by Cupro-nickel 50 won in 1972. Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. ^[3]

1966-1982 issued coins [1] [2] (Korean)
Image		Value	Technical parameters			Description			Date of			BOK Series Designation
Obverse	Reverse		Diameter	Mass	Composition	Edge	Obverse	Reverse	first minting	issue	withdrawal
		₩1	17. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. 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 (가)
		₩1	17. Brass is any Alloy of Copper and Zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Events 1384 - The Hongwu Emperor of Ming China, Emperor Dong hears a case of a couple who tore paper money bills while fighting Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) 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	Still circulating	Series II (나)
		₩5	20. WikipediaNaming Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Year 1968 ( MCMLXVIII) was a Leap year starting on Monday (link will display full calendar of the Gregorian calendar. Events 1071 - Battle of Manzikert: The Seljuk Turks defeat the Byzantine Army at Manzikert. Year 1968 ( MCMLXVIII) was a Leap year starting on Monday (link will display full calendar of the Gregorian calendar. 4 mm	3. 9 g	Commercial bronze 88% copper 12% zinc	Plain	Geobukseon, value, bank title (hangul)	Value (digit), bank title, year of minting	1966	August 16, 1966	Still circulating	Series I (가)
		₩5	20. Bronze is any of a broad range of Copper alloys, usually with Tin as the main additive but sometimes with other elements such as Phosphorus Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Events 1384 - The Hongwu Emperor of Ming China, Emperor Dong hears a case of a couple who tore paper money bills while fighting Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. 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	Still circulating	Series II (나)
		₩10	22. Brass is any Alloy of Copper and Zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. Events 622 - The beginning of the Islamic calendar. 1054 - Three Roman legates fractured relations between the Western and Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. 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 (가)
		₩10	22. Bronze is any of a broad range of Copper alloys, usually with Tin as the main additive but sometimes with other elements such as Phosphorus Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 The stone Pagoda Dabotap, also known as pagoda of many treasures, is located in the temple of Bulguksa in Gyeongju, South Korea. Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Events 1384 - The Hongwu Emperor of Ming China, Emperor Dong hears a case of a couple who tore paper money bills while fighting Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. 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 (나)
		₩50	21. Brass is any Alloy of Copper and Zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 The stone Pagoda Dabotap, also known as pagoda of many treasures, is located in the temple of Bulguksa in Gyeongju, South Korea. Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. Events 622 - The beginning of the Islamic calendar. 1054 - Three Roman legates fractured relations between the Western and Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. 6 mm	4. 16 g	70% copper 18% zinc 12% nickel	Milled	Stalk of rice, value (hangul)	Value (digit), bank title (hangul), year of minting	1972	December 1, 1972	Still circulating	Series I (가)
		₩100	24 mm	5. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Rice is a Cereal foodstuff which forms an important part of the diet of many people worldwide and as such it is a staple food for many Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. 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. Cupronickel or Coppernickel is an Alloy of Copper, Nickel and strengthening impurities such as Iron and Manganese. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Yi Sun-sin (April 28 1545 – December 16 1598 also commonly transliterated Yi Soon-shin or Lee Sun-shin, Korean:이순신 was a Korean Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. Events 1700 - Battle of Narva — A Swedish army of 8500 men under Charles XII defeats Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. 5 pixels per millimeter, a Wikipedia standard for world coins. 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. A vending machine is a machine that provides various snacks beverages and other products to consumers Events 1381 - Peasants' Revolt: in England, rebels arrive at Blackheath. Year 1982 ( MCMLXXXII) was a Common year starting on Friday (link displays the 1982 Gregorian calendar) In January 1983, with the purpose of standardizing the coinage, a new series of 1, 5, 10, 50, and 100 won coins were issued, using the same layout as the 500 won coins, but conserving the coins old themes. Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) ^[3]

1982-2006 issued coins [3][4]
Image		Value	Technical parameters			Description			Date of		BOK Series Designation
Obverse	Reverse		Diameter	Mass	Composition	Edge	Obverse	Reverse	first minting	issue
		₩1	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 (다)
		₩5	20. WikipediaNaming Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Events 588 BC - Nebuchadrezzar II of Babylon lays siege to Jerusalem under Zedekiah 's reign Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) 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 (다)
		₩10	22. Brass is any Alloy of Copper and Zinc; the proportions of zinc and copper can be varied to create a range of brasses with varying properties Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Events 588 BC - Nebuchadrezzar II of Babylon lays siege to Jerusalem under Zedekiah 's reign Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) 86 mm	4. 06 g			Dabotap Pagoda, value (hangul)
		₩10	18 mm	1. The stone Pagoda Dabotap, also known as pagoda of many treasures, is located in the temple of Bulguksa in Gyeongju, South Korea. 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
		₩50	21. Copper plating is the process in which a layer of Copper is deposited on the item to be plated by using an electric current Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 WikipediaNaming The stone Pagoda Dabotap, also known as pagoda of many treasures, is located in the temple of Bulguksa in Gyeongju, South Korea. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 218 BC - Second Punic War: Battle of the Trebia - Hannibal 's Carthaginian forces defeat those of the Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. 6 mm	4. 16 g	70% copper 18% zinc 12% nickel	Milled	Stalk of rice, value (hangul)	Value (digit), bank title, year of minting	1983	January 15, 1983	Series II (나)
		₩100	24 mm	5. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Zinc (ˈzɪŋk from Zink is a Metallic Chemical element with the symbol Zn and Atomic number 30 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Rice is a Cereal foodstuff which forms an important part of the diet of many people worldwide and as such it is a staple food for many Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Events 588 BC - Nebuchadrezzar II of Babylon lays siege to Jerusalem under Zedekiah 's reign Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) 42 g	Cupronickel 75% copper 25% nickel		Yi Sun-sin, value (hangul)
		₩500	26. Cupronickel or Coppernickel is an Alloy of Copper, Nickel and strengthening impurities such as Iron and Manganese. Copper (ˈkɒpɚ is a Chemical element with the symbol Cu (cuprum and Atomic number 29 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 Yi Sun-sin (April 28 1545 – December 16 1598 also commonly transliterated Yi Soon-shin or Lee Sun-shin, Korean:이순신 was a Korean 5 mm	7. 7 g			Crane, value (hangul)		1982	June 12, 1982	Series I (가)
These images are to scale at 2. Cranes are large long-legged and long-necked Birds of the order Gruiformes, and family Gruidae. Year 1982 ( MCMLXXXII) was a Common year starting on Friday (link displays the 1982 Gregorian calendar) Events 1381 - Peasants' Revolt: in England, rebels arrive at Blackheath. Year 1982 ( MCMLXXXII) was a Common year starting on Friday (link displays the 1982 Gregorian calendar) 5 pixels per millimeter, a Wikipedia standard for world coins. 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 manufacturing price, 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. ^[5] The new coin is made of copper-coated aluminum with a reduced diameter of 18 mm, and a weight of 1. 22 g. Its visual design is the same as the old coin. ^[6] The new coin was issued on December 18, 2006. ^[7][8]

The 1 and 5 won coins are difficult to find in circulation today and prices of consumer goods are rounded to the nearest 10 won.

In 1998, the production costs per coin were are as follows: 10 won coins each cost 35 won to produce, 100 won coins cost 58 won, and 500 won coins cost 77 won. ^[9]

Banknotes

The Bank of Korea designates banknote and coin series in an interesting way. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Instead of putting those of similar design and issue dates in the same series, they assign series number X to the Xth design of for each individual value. The series numbers are expressed with Korean letters used in alphabetical order, e. g. 가, 나, 다, 라, 마, 바, 사. . . Therefore, ₩1000 issued in 1983 is series II (나) because it is the second design of all ₩1000 designs since the won introduction in 1962. Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar.

In 1962, 10 and 50 jeon, 1, 5, 10, 50, 100 and 500 won notes were introduced by the Bank of Korea. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. The first issue of 1, 5, 10, 50, 100 and 500 won notes were printed in the U.K. by Thomas De La Rue Company. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located De La Rue plc ( is a British security printing papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. 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. Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes

In 1965, 100 won notes (Series III) were printed using intaglio printing techniques, for the first time on domestically printed notes, to reduce counterfeiting. Year 1965 ( MCMLXV) was a Common year starting on Friday (link will display full calendar of the 1965 Gregorian calendar. Intaglio (pronounced in-TAL-yo ɪn'tælɪəʊ is a family of Printmaking techniques in which the image is incised into a surface known as the matrix or plate Replacements for the British 500 won notes followed in 1966 also using intaglio printing, and for the 50 won notes in 1969 using litho-printing. Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Intaglio (pronounced in-TAL-yo ɪn'tælɪəʊ is a family of Printmaking techniques in which the image is incised into a surface known as the matrix or plate Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Lithography is a method for Printing using a plate or stone with a completely smooth surface ^[3]

1962 Thomas De La Rue Series [4] (Korean)
Image		Value	Dimensions	Main color	Description		Date of		BOK Series Designation
Obverse	Reverse				Obverse	Reverse	issue	withdrawal
		₩1	94 × 50 mm	Pink	Bank of Korea's symbol	Value	June 10, 1962	May 20, 1970	None
		₩5		Blue				May 1, 1969
		₩10	108 × 54 mm	Green				September 1, 1962	Series I (가)
		₩50	156 × 66 mm	Orange	Haegeumgang near Geoje	Torch, value		May 20, 1970
		₩100		Green	Independence Gate			February 14, 1969
		₩500		Grey	Namdaemun			February 3, 1967
1962-1969 KOMSCO Series [5] (Korean)
		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		Brown
		₩10	140 × 63 mm	Purple	Cheomseongdae	Geobukseon	September 21, 1962	October 30, 1973	Series II (나)
		₩50	149 × 64 mm	Green and orange / Blue	Pagoda Gongweon in Seoul	Beacon, Rose of Sharon	March 21, 1969		Series II (나)
		₩100	156 × 66 mm	Green	Independence Gate	Gyeonghoeru Pavilion at Gyeongbok Palace	November 1, 1962		Series II (나)
					Sejong the Great	Main building of the Bank of Korea	August 14, 1965	December 1, 1980	Series III (다)
		₩500	165 × 73 mm	Brown	Namdaemun	Geobukseon	August 16, 1966	May 10, 1975	Series II (나)
These images are to scale at 0. De La Rue plc ( is a British security printing papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Events 1190 - Third Crusade: Frederick I Barbarossa drowns in the Sally River while leading an army to Jerusalem Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Events 325 - The First Council of Nicaea &ndash the first Ecumenical Council of the Christian Church is held Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. Events 305 - Diocletian and Maximian retire from the office of Roman Emperor. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Events 462 - Possible start of first Byzantine indiction cycle. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Geoje is a city located in South Gyeongsang province just off the coast of the port city of Busan, South Korea. Events 325 - The First Council of Nicaea &ndash the first Ecumenical Council of the Christian Church is held Year 1970 ( MCMLXX) was a Common year starting on Thursday (link shows full calendar of the Gregorian calendar. The Independence Gate is a memorial gate located in Seoul, South Korea. Events 842 - Charles the Bald and Louis the German swear the Oaths of Strasbourg in the French and German Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. Sungnyemun or more commonly known as Namdaemun is a historic gate located in the heart of Seoul, the capital of South Korea. Events 1112 - Ramon Berenguer III of Barcelona and Douce I of Provence marry uniting the fortunes of those two states Year 1967 ( MCMLXVII) was a Common year starting on Sunday (link will display full calendar of the 1967 Gregorian calendar. Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) Cheomseongdae is an Astronomical observatory in Gyeongju, South Korea. Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Events 1217 - The Estonian tribal leader Lembitu of Lehola was killed in a battle against Teutonic Knights. Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. Events 637 - Antioch surrenders to the Muslim forces under Rashidun Caliphate after the Battle of Iron bridge. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. Seoul ( soʊl is the Capital and largest City of South Korea. Beacons are aids to Navigation devices Intentionally conspicuous beacons help guide navigators to their destinations Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Events 630 - Byzantine emperor Heraclius restores the True Cross to Jerusalem. Year 1969 ( MCMLXIX) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. The Independence Gate is a memorial gate located in Seoul, South Korea. Gyeongbok Palace (경복궁 Gyeongbokgung) is a palace located in northern Seoul, South Korea. Events 996 - Emperor Otto III issues a deed to Gottschalk Bishop of Freising which is the oldest known document using the name Ostarrîchi Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Events 1183 - Taira no Munemori and the Taira clan take the young Emperor Antoku and the three sacred treasures Year 1965 ( MCMLXV) was a Common year starting on Friday (link will display full calendar of the 1965 Gregorian calendar. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) Sungnyemun or more commonly known as Namdaemun is a historic gate located in the heart of Seoul, the capital of South Korea. Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Events 1384 - The Hongwu Emperor of Ming China, Emperor Dong hears a case of a couple who tore paper money bills while fighting Year 1966 ( MCMLXVI) was a Common year starting on Saturday (link will display full calendar of the 1966 Gregorian calendar. Events 1291 - Scottish Nobles recognize the authority of Edward I of England. Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. 7 pixels per millimeter, a Wikipedia standard for world banknotes. For table standards, see the banknote specification table.

With the economic development from the 60s the value of the 500 won notes became lower, 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. ^[3] 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 5000 won and 10,000 won were introduced in 1972 and 1973 respectively. Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. The notes incorporated new security features, including watermark, security thread and ultraviolet response fibres and were inglio printed. A watermark is a recognizable image or pattern in Paper that shows in various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected A security thread is a security feature of many Bank notes to protect against Counterfeiting, consisting of a thin ribbon which is threaded through the note's Intaglio (pronounced in-TAL-yo ɪn'tælɪəʊ is a family of Printmaking techniques in which the image is incised into a surface known as the matrix or plate The release of 10,000 won notes was planned to be at the same time as the 5000 won notes but problems with the main theme delayed it by a year. ^[10] Newly designed 500 won notes were also released in 1973 and the need for a medium denomination resulted in the introduction of 1000 won notes in 1975. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar.

1972-1973 Series [6] (Korean)
Image		Value	Dimensions	Main color	Description			Date of		BOK Series Designation	Plate produced
Obverse	Reverse				Obverse	Reverse	Watermark	issue	withdrawal
		₩5000	167 × 77 mm	Brown	Yi I	Main building of the Bank of Korea		July 1, 1972	December 1, 1980	Series I (가)	By Thomas de la Rue [11]
		₩10 000	171 × 81 mm	Brown	Sejong the Great, Rose of Sharon	Geunjeongjeon at Gyeongbok Palace		June 12, 1973	November 10, 1981	Series I (가)	In Japan [10]
1973-1979 Series [7] (Korean)
		₩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 (다)
		₩1000	163 × 73 mm	Purple	Yi Hwang, Rose of Sharon	Dosan Seowon (Dosan Confucian Academy)		August 14, 1975		Series I (가)	In Japan [12]
		₩5000	167 × 77 mm	Orange	Yi I	Ojukheon in Gangneung		June 1, 1977	May 12, 1993	Series II (나)	In Japan [11]
		₩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 (나)	In Japan [10]
These images are to scale at 0. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. Yi I ( December 26, 1536 -1584 was one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. "July 1st" redirects here For the Ayumi Hamasaki song see H (song. Year 1972 ( MCMLXXII) was a Leap year starting on Saturday (link will display full calendar of the Gregorian calendar. Events 800 - Charlemagne judges the accusations against Pope Leo III in the Vatican Year 1980 ( MCMLXXX) was a Leap year starting on Tuesday (link displays the 1980 Gregorian calendar) De La Rue plc ( is a British security printing papermaking and cash handling systems company headquartered in Basingstoke, Hampshire. Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Gyeongbok Palace (경복궁 Gyeongbokgung) is a palace located in northern Seoul, South Korea. Events 1381 - Peasants' Revolt: in England, rebels arrive at Blackheath. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. Events 1444 - Battle of Varna: The crusading forces of King Vladislaus III of Varna (aka Ulaszlo I of Hungary and Wladyslaw Year 1981 ( MCMLXXXI) was a Common year starting on Thursday (link displays the 1981 For a topic outline on this subject see List of basic Japan topics. Yi Sun-sin (April 28 1545 – December 16 1598 also commonly transliterated Yi Soon-shin or Lee Sun-shin, Korean:이순신 was a Korean Construction According to the Nanjung Ilgi, Yi's wartime diary Yi decided to resurrect the turtle ship in 1591 from pre-existing designs after discussing Events 462 - Possible start of first Byzantine indiction cycle. Year 1973 ( MCMLXXIII) was a Common year starting on Monday (link will display full calendar of the 1973 Gregorian calendar. Events 1191 - Richard I of England marries Berengaria of Navarre. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) Yi Hwang ( 1501 - 1570) is one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his younger Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Dosan Seowon (alternatively Tosansowon) was established in 1574 in what is present day Andong, South Korea, in memory of and four Events 1183 - Taira no Munemori and the Taira clan take the young Emperor Antoku and the three sacred treasures Year 1975 ( MCMLXXV) was a Common year starting on Wednesday (link will display full calendar of the Gregorian calendar. For a topic outline on this subject see List of basic Japan topics. Yi I ( December 26, 1536 -1584 was one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his Gangneung is a city in Gangwon-do, on the east coast of South Korea. Events 193 - Roman Emperor Didius Julianus is Assassinated 987 - Hugh Capet is elected Also 1977 (album by Ash. Year 1977 ( MCMLXXVII) was a Common year starting on Saturday (link displays Events 1191 - Richard I of England marries Berengaria of Navarre. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) For a topic outline on this subject see List of basic Japan topics. The Borugak Jagyeongnu ("Water Clock of Borugak Pavilion" classified as a scientific instrument is the 229th National Treasure of South Korea and was designated Gyeongbok Palace (경복궁 Gyeongbokgung) is a palace located in northern Seoul, South Korea. Hibiscus syriacus ( Syn Althaea frutex Hort ex Mill the common garden Hibiscus, is called Rose of Sharon in North Events 763 BC - Assyrians record a Solar eclipse that will be used to fix the Chronology of Mesopotamian history Year 1979 ( MCMLXXIX) was a Common year starting on Monday (link displays the 1979 Gregorian calendar) Events 1191 - Richard I of England marries Berengaria of Navarre. Year 1993 ( MCMXCIII) was a Common year starting on Friday (link will display full 1993 Gregorian calendar) For a topic outline on this subject see List of basic Japan topics. 7 pixels per millimeter, a Wikipedia standard for world banknotes. 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 (see above). Some of the note's 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. ^[3]

To cope with the deregulation of imports of color printer and the increasing use of computers and scanners, modified 5000 won 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. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. The EURion constellation is a pattern of Symbols found on a number of Banknote designs since about 1996 The latest version of the 5000 and 10,000 won 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 5000 won notes were produced in Japan while the ones for the 1000 and 10,000 won notes were produced by the Korea Minting and Security Printing Corporation. They were all printed in intaglio. Intaglio (pronounced in-TAL-yo ɪn'tælɪəʊ is a family of Printmaking techniques in which the image is incised into a surface known as the matrix or plate ^[10][11][12]

With the release of a new set of notes, no plan as yet been made to withdraw these notes from circulation. ^[13]

1983-2002 Series [8] (Korean)
Image		Value	Dimensions	Main Color	Description			Date of issue	BOK Series Designation	Modification
Obverse	Reverse				Obverse	Reverse	Watermark
		₩1000	151 × 76 mm	Purple	Yi Hwang	Dosan Seowon (Dosan Confucian Academy)	Reversed portrait	June 11, 1983	Series II (나)
		₩5000	156 × 76 mm	Orange	Yi I	Ojukheon in Gangneung		June 11, 1983	Series III (다)
								June 12, 2002	Series IV (라)	Color-shifting ink on the dots for blinds, segmented metal thread, copyright inscription
		₩10 000	161 × 76 mm	Green	Sejong the Great, Water clock	Gyeonghoeru Pavilion at Gyeongbok Palace		October 8, 1983	Series III (다)
								January 20, 1994	Series IV (라)	Segmented metal thread, microprint under the water clock, moiré on watermark area, intaglio latent image
							Reversed portrait, Taeguk	June 19, 2000	Series V (마)	Color-shifting ink on the dots for blinds, removal of moiré, EURion constellation, copyright inscription
These images are to scale at 0. Yi Hwang ( 1501 - 1570) is one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his younger Dosan Seowon (alternatively Tosansowon) was established in 1574 in what is present day Andong, South Korea, in memory of and four Events 1184 BC - Trojan War: Troy is sacked and burned according to the calculations of Eratosthenes. Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Yi I ( December 26, 1536 -1584 was one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his Gangneung is a city in Gangwon-do, on the east coast of South Korea. Events 1184 BC - Trojan War: Troy is sacked and burned according to the calculations of Eratosthenes. Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Events 1381 - Peasants' Revolt: in England, rebels arrive at Blackheath. See also 2002 (disambiguation Year 2002 ( MMII) was a Common year starting on Tuesday of the Gregorian calendar. The Borugak Jagyeongnu ("Water Clock of Borugak Pavilion" classified as a scientific instrument is the 229th National Treasure of South Korea and was designated Gyeongbok Palace (경복궁 Gyeongbokgung) is a palace located in northern Seoul, South Korea. Events 314 - Roman Emperor Licinius is defeated by his colleague Constantine I at the Battle of Cibalae, and loses Year 1983 ( MCMLXXXIII) was a Common year starting on Saturday (link displays the 1983 Gregorian calendar) Events 250 - Emperor Decius begins a widespread persecution of Christians in Rome. Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) Taegeuk is the Korean cognate of Taiji, the Taoist concept of Yin and yang, from which all is actualized Events 1179 - The Norwegian Battle of Kalvskinnet outside Nidaros. 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. The EURion constellation is a pattern of Symbols found on a number of Banknote designs since about 1996 7 pixels per millimeter, a Wikipedia standard for world banknotes. For table standards, see the banknote specification table.

Current banknotes

The Bank of Korea is releasing a set of smaller banknotes with a new design and improved security features starting in 2006. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The decision was taken due to an increase of counterfeited notes detected of 50% every year between 1998 and 2004. ^[14] The 5000 won notes were released on January 2, 2006, and the 1000 and 10,000 won notes were released on 22 January 2007. Events 366 - The Alamanni cross the frozen Rhine River in large numbers invading the Roman Empire. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 565 - Eutychius is deposed as Patriarch of Constantinople by John Scholasticus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. The 5000 won notes were released first because they were the most forged notes (2508 out of the 3153 forged notes detected in the 1st quarter of 2005, an increase of eighteenfold from the same time in the previous year) and they are circulating in a smaller volume (about 6% of all circulating notes). ^[14]

Banknote Production

The Bank of Korea is the only organization in South Korea that has the right to print banknotes. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː But the banknotes are printed at Korea Minting and Security Printing Corporation, or KOMSCO. Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes The banknotes are printed on 100% pure cotton.

The current 10000 won note has King Sejong the Great as the portrait, the 5000 won note with Lee Yul Gok, and the 1000 won note with a scholar named Lee Tae Gye. The banknote size and with were reduced from the previous series. The new banknotes' designs and security features made the South Korean banknotes into one of the world's high-class banknotes. A banknote (often known as a bill, paper money or simply a note) is a kind of Negotiable instrument, a Promissory note made by a Because of the new banknote series, the country was busy replacing Bank ATMs, vending machines, exchanging old series notes into current notes to banks in Korea and internationally.

In South Korea, new, crisp banknotes are usually in banks of limited quantities for their customers to exchange them. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː A banknote (often known as a bill, paper money or simply a note) is a kind of Negotiable instrument, a Promissory note made by a But on Chuseok or Seollal, the Bank of Korea distributes new crisp banknotes to the public. Chuseok, originally known as Hangawi (한가위 (from archaic Korean for "great middle" is a major Harvest festival and a three-day holiday Korean New Year, known as Seollal ( or Gujeong ( is the first day of the lunar Korean calendar. The Bank of Korea (BOK is the Central bank of South Korea. It was established in 1950 at Seoul. A lot of people go to the bank to change their notes to crisp notes at Seollal to give to their children, nephews, etc. Korean New Year, known as Seollal ( or Gujeong ( is the first day of the lunar Korean calendar.

Security features

South Korea boasts one of the most advanced security features on their banknotes, with over 10 security features in each denomination. The 10000 won note has 21 security features, the 5000 won note with 17, and the 1000 won note with 19. Even though most people know that the Swiss Franc is the most secure note in the world, the 10000 won note has 3 more features. The franc ( German: Franken, French and Romansh: franc, Italian: franco; code: CHF Some security features inserted in South Korean won notes are:

• holograms with 3D images change colours inside the metallic foil on the obverse side of the notes(exception of 1000 won)
• watermark portraits of the the character in the note is visible when held to the light in the white section of the note
• intaglio printing on words and the effigy gives a raised feeling, different than ordinary paper
• security thread in the right side of the obverse side with small lettering 한국은행 Bank of Korea and the denomination
• color shifting ink on the value number at the back of the note

For the first time in the world, the KOMSCO, the Korean mint, inserted a new substance in the notes to detect counterfeits which are now getting exported to Europe, North America, etc. Holography (from the Greek, ὅλος - hólos whole + γραφή - grafē writing drawing is a technique that allows the A watermark is a recognizable image or pattern in Paper that shows in various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected A security thread is a security feature of many Bank notes to protect against Counterfeiting, consisting of a thin ribbon which is threaded through the note's Korea Minting and Security Printing Corporation (KOMSCO is a government-owned corporation which is responsible to print and mint the Banknotes ^[15]

2006-2007 Series [9] (Korean)
Image		Value	Dimensions	Main Color	Description			Date of issue	BOK Series Designation
Obverse	Reverse				Obverse	Reverse	Watermark
		₩1000	136 × 68 mm	Blue	Yi Hwang, Myeongryundang in Seonggyungwan, ume flowers	"Gyesangjeonggeodo"; a painting Yi Hwang in Dosan Seowon by Jeong Seon	Reversed portrait, value	January 22, 2007	Series III (다)
		₩5000	142 × 68 mm	Red and yellow	Yi I, Ojukheon in Gangneung, black bamboo	"Insects and Plants", a painting of a watermelon and cockscombs by Yi I's mother Sin Saimdang		January 2, 2006	Series V (마)
		₩10 000	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 Korean	Globe of Honcheonsigye and Cheonsang Yeolcha Bunyajido in the background		January 22, 2007	Series VI (바)
These images are to scale at 0. Yi Hwang ( 1501 - 1570) is one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his younger Yi Hwang ( 1501 - 1570) is one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his younger Dosan Seowon (alternatively Tosansowon) was established in 1574 in what is present day Andong, South Korea, in memory of and four Jeong Seon (1676–1759 was a well-known Korean landscape painter also known as by his pen name Gyeomjae (meaning humble study) Events 565 - Eutychius is deposed as Patriarch of Constantinople by John Scholasticus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Yi I ( December 26, 1536 -1584 was one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his Gangneung is a city in Gangwon-do, on the east coast of South Korea. Phyllostachys nigra, also known as Black Bamboo, is a Species of Phyllostachys, a Genus of Bamboo. Yi I ( December 26, 1536 -1584 was one of the two most prominent Korean Confucian scholars of the Joseon Dynasty, the other being his Sin Saimdang ( 1504 - 1551) was a Korean artist and calligraphist, and the mother of the Confucian scholar Yulgok. Events 366 - The Alamanni cross the frozen Rhine River in large numbers invading the Roman Empire. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. The Honcheonsigye is an astronomical clock created by Song I-yeong in 1669. Cheonsang Yeolcha Bunyajido is a 14th century Korean Star map, copies of which were spread nationwide in the Joseon Dynasty. Events 565 - Eutychius is deposed as Patriarch of Constantinople by John Scholasticus. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. 7 pixels per millimeter, a Wikipedia standard for world banknotes. For table standards, see the banknote specification table.

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South Korean won to U. S. dollar exchange rate from January 1989 to July 2006.

Japanese yen to South Korean won exchange rate from January 1989 to July 2006.

See also

• Economy of South Korea
• History of the Korean currencies
• Least valued currency unit

References

External links

• Don's World Coin Gallery - Korea
• Ron Wise's World Paper Money - Korea, South ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Asia ^{Mirror site}
• The Global History of Currencies - Korea
• Global Financial Data currency histories table ( Microsoft Excel format)
• "BOK Announces Smaller Banknotes", The Chosun Ilbo, 2005-07-21. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 356 BC - Herostratus sets fire to the Temple of Artemis in Ephesus, one of the Seven Wonders of the World Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• "New W5,000 Ready for Release on Jan. 2", The Chosun Ilbo, 2005-12-13. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1294 - Saint Celestine V abdicates the papacy after only five months Celestine hoped to return to his previous life Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• "New W1,000 Note Unveiled", The Chosun Ilbo, 2006-01-17. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 38 BC - Octavian marries Livia Drusilla. 1287 - King Alfonso III of Aragon invades Minorca Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• "Dollar Plummets to Pre-Crisis Level Against Won", The Chosun Ilbo, 2006-01-25. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 41 - After a night of negotiation Claudius is accepted as Roman Emperor by the Senate Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• "New W5,000 Bills Forgery- but not Water-Proof", The Chosun Ilbo, 2006-01-25. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 41 - After a night of negotiation Claudius is accepted as Roman Emperor by the Senate Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• "New W10,000 Note Unveiled", The Chosun Ilbo, 2006-05-18. The Chosun Ilbo (translated as Korean Daily News is one of the major Newspapers in South Korea. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 1152 - Henry II of England marries Eleanor of Aquitaine. Retrieved on 2006-10-17. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Events 539 BC - King Cyrus The Great of Persia marches into the city of Babylon, releasing the Jews from almost  
• New Korea Notes, information page of BOK's new notes
• Pronunciation of Won at freedictionary.com

Preceded by: South Korean hwan Reason: inflation Ratio: 1 won = 10 hwan

Currency of South Korea 1962 –

Succeeded by: Current

The hwan (圜 환 was the currency of South Korea between February 15 1953 and June 9 1962. South Korea, officially the Republic of Korea and often referred to as Korea ( Korean: 대한민국 tɛː Year 1962 ( MCMLXII) was a Common year starting on Monday (the link is to a full 1962 calendar of the Gregorian calendar.

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