South Korean won
South Korean won 대한민국 원 (Hangul) 大韓民國 원1 (Hanja) |
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ISO 4217 Code | KRW | ||
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User(s) | Republic of Korea | ||
Inflation | 2.2% | ||
Source | National Statistical Office, South Korea, 2006 | ||
Method | CPI | ||
Subunit | |||
1/100 | jeon (전) Theoretical (not used) |
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Symbol | ₩ | ||
Plural | The language(s) of this currency does not have a morphological plural distinction. | ||
Coins | |||
Freq. used | ₩10, ₩50, ₩100, ₩500 | ||
Rarely used | ₩1, ₩5 Cash transactions are legally rounded to the nearest ₩10 |
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Banknotes | ₩1000, ₩5000, ₩10000 | ||
Issuing authority | Bank of Korea | ||
Website | www.bok.or.kr | ||
Printer | Korea Minting and Security Printing Corporation | ||
Mint | Korea Minting and Security Printing Corporation | ||
The won (원) is the currency of South Korea. A currency called the won circulated in all Korea between 1902 and 1910. 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. 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. This symbol replaces the backslash character ("\") on Korean Microsoft Windows.
Roughly, US$1 is exchanged for 918 won.
Contents |
Etymology
"Won" is a cognate of the Chinese yuan and Japanese yen. All three names derive from the Chinese character 圓(원), which means "round shape." The won was subdivided into 100 jeon (Hangul: 전; Hanja: 錢; Revised Romanization: jeon; McCune-Reischauer: chŏn), which means "money."
First South Korean won
History
The won was first used as Korea's currency between 1902 and 1910. It was replaced at par by the yen, made up of the Japanese currency and banknotes of the Korean yen.
In 1945, Korea was divided, resulting in separate currencies, both called won, for the South and North. Both the Southern won and Northern won replaced the yen at par. 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. A series of devaluations followed, the later ones in part due to the Korean war. The pegs were:
Pegs for the first South Korean won | |
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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.
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. 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. 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. 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.
Second South Korean won
History
The won was reintroduced on June 9, 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 = 1 U.S. dollar. The following pegs operated between 1962 and 1980.
Pegs for the second South Korean won | |
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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.[2] Shortly after, the won got devaluated to almost half of its value, as part of the East Asian financial crisis.
Current status
Due to the low value of the won, redenomination or the idea of issuing 50,000 won and 100,000 won notes has been discussed. However, in October 2006, the Ministry of Finance and Economy ruled out currency redenomination for fear of "negative impact on the economy" such as "inflationary pressure and destabilization of the real estate market". But the Bank of Korea is going to issue the 50000, and 100000 won in early 2009. [3] [4]
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. 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.[5]
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 reduced currency production costs, new 5 won and 10 won coins were issued in 1970, struck in brass. Cupro-nickel 100 won coins were also introduced that year, followed by Cupro-nickel 50 won in 1972.[5]
1966-1982 issued coins [1] [2] (Korean) | ||||||||||||
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Image | Value | Technical parameters | Description | Date of | BOK Series Designation | |||||||
Obverse | Reverse | Diameter | Mass | Composition | Edge | Obverse | Reverse | first minting | issue | withdrawal | ||
₩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 (가) | ||
₩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 | Still circulating | Series II (나) | ||
₩5 | 20.4 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 | 20.4 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 | 22.86 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 | 22.86 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 | 21.6 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 | 5.42 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 millimeter, a 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. 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.[5]
1982-2006 issued coins [3][6] | |||||||||||
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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 | 20.4 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 | 22.86 mm | 4.06 g | Dabotap Pagoda, value (hangul) | ||||||||
₩10 | 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 | |||
₩50 | 21.6 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 | 5.42 g | Cupronickel 75% copper 25% nickel |
Yi Sun-sin, value (hangul) | |||||||
₩500 | 26.5 mm | 7.7 g | Crane, value (hangul) | 1982 | June 12, 1982 | Series I (가) | |||||
These images are to scale at 2.5 pixels per millimeter, a standard for world coins. For table standards, see the coin specification table. |
The Bank of Korea had announced in early 2006 its intention to replace the current 10 won coin at the end of the year. With the increasing manufacturing price, now at 38 won a coin, and rumours that some people have been melting them to make jewellery, the new coin will be more cost effective to produce.[7] The coin will be made of copper-coated aluminium with a reduced diameter of 18 mm, and a weight of 1.22 g. Its design will stay unchanged. [8] The new coin was issued on December 18, 2006.[9] [10]
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 according to the Chosun Ilbo the production cost are as follows, 10 was 35 won, 100 was 58 won, and 500 won cost 77 won respectively. [11]
Banknotes
The Bank of Korea designates banknote and coin series in an interesting way. 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.
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 were printed in the U.K. by Thomas De La Rue Company. 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 litho-printing.[5]
1962 Thomas De La Rue Series [4] (Korean) | |||||||||
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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 0.7 pixels per millimeter, a 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.[5] 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. The notes incorporated new security features, including watermark, security thread and ultraviolet response fibres and were inglio printed. 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.[12] 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.
1972-1973 Series [6] (Korean) | |||||||||||
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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 [13] | |||
₩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 [12] | |||
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 [14] | ||||
₩5000 | 167 × 77 mm | Orange | Yi I | Ojukheon in Gangneung | June 1, 1977 | May 12, 1993 | Series II (나) | In Japan [13] | |||
₩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 [12] | |||
These images are to scale at 0.7 pixels per millimeter, a 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.[5]
To cope with the deregulation of imports of colour 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: colour-shifting ink, microprint, segmented metal thread, moiré, and EURion constellation. 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.[12][13][14]
With the release of a new set of notes, no plan as yet been made to withdraw these notes from circulation.[15]
1983-2002 Series [8] (Korean) | ||||||||||
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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) | Colour-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) | Colour-shifting ink on the dots for blinds, removal of moiré, EURion constellation, copyright inscription | |||||||
These images are to scale at 0.7 pixels per millimeter, a standard for world banknotes. For table standards, see the banknote specification table. |
The Bank of Korea is releasing a set of smaller banknotes with a new design and improved security features starting in 2006. The decision was taken due to an increase of counterfeited notes detected of 50% every year between 1998 and 2004.[16] The 5000 won notes were released on January 2, 2006, and the 1000 and 10,000 won notes were released on 22 January 2007. 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 eighteen fold from the same time in the previous year) and they are circulating in a smaller volume (about 6% of all circulating notes).[16] The portraits remained the same as the old notes, but the main colour of the 1000 won notes was changed to make it easier to differentiate it from the 5000 won notes at night.[16] Larger denominations, such as 50,000 and 100,000 won, which have been discussed in the past, maybe introduced in conjunction of this series in the next year or two.
Several new security features are added, including: [17] [18] [19]
- EURion constellation on all notes, which was previously on available only Series V 10,000 won notes.
- Colour-shifting holograms on 5000 and 10,000 won notes. Note that they depict the whole Korean Peninsula.
- Micro printing on several key locations, including on the collar of the portraits of the 5000 and 10,000 won notes.
There are also a few other changes beside security features. On the obverse side, the seal of the Bank changed from red, circle shaped to square shaped of the same colour as the note. This is due to popular complaints that the old seal is a remaining symbol of Japanese Imperialism.[20] The shape of the seal did not change when the Japanese left Korea. On the reverse side, the English name of the Bank also changed from "The Bank of Korea" to "Bank of Korea".
2006-2007 Series [9] (Korean) | |||||||||
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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 0.7 pixels per millimeter, a standard for world banknotes. For table standards, see the banknote specification table. |
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See also
References
- ^ Bank of Korea. 우리나라의 화폐, 현용화폐 (Korean). Retrieved on 2007-01-28. “한글로만 표기" → Translation: "Spelling in hangul only”
- ^ Kurt Schuler (2004-02-29). Tables of modern monetary history: Asia. Currency Boards and Dollarization. Retrieved on 2006-11-16.
- ^ "100,000-won banknotes to be issued in 2008", Gale International, 2006-12-22. Retrieved on 2007-01-28.
- ^ "100,000-Won Bill, It's Time to Issue a High Denomination Banknote", The Korea Times, 2006-12-22. Retrieved on 2007-01-28.
- ^ a b c d e f Currency Issue System. Bank of Korea. Retrieved on 2006-11-09.
- ^ 부산본부 (2006-12-12). 새 10원 동전, 12. 18(월)부터 발행 (hwp) (Korean). Bank of Korea. Retrieved on 2006-12-12.
- ^ "New W10 Coin to Debut", The Korea Times, 2006-01-13. Retrieved on 2006-12-11.
- ^ "New 10-won Coins to Debut", KBS Global, 2006-08-10. Retrieved on 2006-12-11.
- ^ "1원짜리 만한 10원 동전 18일 나온다", Daum Media, 2006-12-11. Retrieved on 2006-12-11. (Korean)
- ^ "New 10-won Coins to Debut Next Week", KBS Global, 2006-12-11. Retrieved on 2006-12-12.
- ^ "Coins Return to the Bank", The Chosun Ilbo, 1998-02-19. Retrieved on 2007-03-26.
- ^ a b c d Brief History of current Korea notes in circulation; 10,000 won note (Flash and HTML). Bank of Korea. Retrieved on 2006-11-09.
- ^ a b c Brief History of current Korea notes in circulation; 5,000 won note (Flash and HTML). Bank of Korea. Retrieved on 2006-11-09.
- ^ a b Brief History of current Korea notes in circulation; 1,000 won note (Flash and HTML). Bank of Korea. Retrieved on 2006-11-09.
- ^ Bank of Korea (2006-07-26). Issue of New 10,000-won Notes and 1,000-won Notes on January 22, 2007 (PDF). Retrieved on 2006-10-17.
- ^ a b c Bank of Korea (2005-04-18). New Banknotes Planned to Deter Counterfeiting (PDF). Retrieved on 2006-12-16.
- ^ Bank of Korea (2006-01-17). 1,000-won Note Design Unveiled to the Public (PDF). Retrieved on 2006-10-17.
- ^ Bank of Korea (2006-11-02). 5,000-won Notes Design Unveiled to the Public (PDF). Retrieved on 2006-12-16.
- ^ Bank of Korea (2006-05-18). 10,000-won Notes Design Unveiled to the Public (PDF). Retrieved on 2006-10-17.
- ^ "일제 털어낸 새 5천원권", , 2005-11-07. Retrieved on 2007-01-22.
- Krause, Chester L. and Clifford Mishler (2003). 2004 Standard Catalog of World Coins: 1901-Present, Colin R. Bruce II (senior editor), 31st ed., Krause Publications. ISBN 0-87349-593-4.
- 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
- 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. Retrieved on 2006-10-17.
- "New W5,000 Ready for Release on Jan. 2", The Chosun Ilbo, 2005-12-13. Retrieved on 2006-10-17.
- "New W1,000 Note Unveiled", The Chosun Ilbo, 2006-01-17. Retrieved on 2006-10-17.
- "Dollar Plummets to Pre-Crisis Level Against Won", The Chosun Ilbo, 2006-01-25. Retrieved on 2006-10-17.
- "New W5,000 Bills Forgery- but not Water-Proof", The Chosun Ilbo, 2006-01-25. Retrieved on 2006-10-17.
- "New W10,000 Note Unveiled", The Chosun Ilbo, 2006-05-18. Retrieved on 2006-10-17.
- New Korea Notes, information page of BOK's new notes
- Pronunciation of Won at freedictionary.com
- South Korean won on the Galbijim Wiki
Preceded by: South Korean hwan Reason: inflation Ratio: 1 won = 10 hwan |
Currency of South Korea 1962 – |
Succeeded by: Current |
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See also: Etymology of the Korean currencies · History of the Korean currencies |
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