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The yen was the currency of Korea, Empire of Japan between 1910 and 1945. It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically for Korea. The yen was subdivided into 100 sen. It replaced the Korean won at par and was replaced by the South Korean won and the North Korean won at par.
Coins were minted in the denominations of 1 ⁄ 2, 1, 5, 10 and 20 jeon, 1 ⁄ 2, 5, 10 and 20 won. [3] The coins all carried the title of the "state", Daehan (대한; 大韓), [3] and the Korean era name, Gwangmu (광무; 光武) and then Yunghui (융희; 隆熙), whilst the specifications were equivalent to the coins of the Japanese yen. [3]
After the division of Korea, North Korea continued using the Korean yen for 2 years until the Central Bank of the Democratic People's Republic of Korea was established on December 6, 1947, and a new currency was issued. It was at the time pegged at par with the Soviet rouble. It was revalued at a rate of one hundred to one in February 1959 and ...
The Bank of Chōsen (Japanese: 朝鮮銀行, romanized: Chōsen Ginkō, Korean: 조선은행 Joseon Eunhaeng), known in 1909-1911 as the Bank of Korea (Japanese: 韓國銀行 Kankoku Ginkō, Korean: 한국은행 Hanguk Eunhaeng) and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as being a commercial bank, with ...
Korean won and Korean yen Reason: heavier influence by Japan Ratio: 1 yen = 1 won = 10 yang This page was last edited on 6 February 2025, at 23:48 (UTC). ...
1 yen = 1 won = 10 yang Due to the Japanese rule, the English transliterations were based on Japanese pronunciation of the Chinese characters. North Korea 1945–present: chon: 錢: 전: 1/100: won: 圓: 원: None: 1 won = 1 yen in 1945 1 new won = 1 old won in 1959. Use of Hanja disappeared after 1959 South Korea 1945-1953: chon: 錢: 전: 1/ ...
Following the end of the Colonial Era and the division of Korea, the won was introduced to replace the Korean yen. The first banknotes were issued by the Bank of Joseon until 1950, when the currency management switched to the Bank of Korea. At the time of its introduction in 1945 the won was pegged to the Japanese yen at a rate of 1 won = 1 yen.
Most currencies in this category are historical; the only money in use on the Korean peninsula today is in the form of North Korean won and South Korean won. Subcategories This category has the following 3 subcategories, out of 3 total.