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The Korean People's won, more commonly known as the North Korean won (Symbol: ₩; Code: KPW; Korean: 조선 원) and sometimes known as the Democratic People's Republic of Korea won (Korean: 조선민주주의인민공화국 원), is the official currency of North Korea. It is subdivided into 100 chon.
Korean won primarily refers to: South Korean won, the present currency of South Korea; North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil ...
In 2006, it became a major concern that the South Korean won banknotes were being counterfeited. This led the government to issue a new series of banknotes, with the 5,000 won note being the first one to be redesigned. Later in 2007, the 1,000 and 10,000 won notes were introduced. On June 23, 2009, the Bank of Korea released the 50,000 won note.
Won of the Red Army Command (Korean: 붉은 군대 사령부의 원, romanized: bulg-eun gundae salyeongbuui won; Russian: Вона Командования Красной армии, romanized: Vona Komandovaniya Krasnoy armii) were banknotes issued by the Soviet military command in North Korea and circulated from 1945 to 1947 in parallel with the Korean yen, and then with the DPRK won.
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: 1/100: won: 圓: 원: None ...
North Korea, [d] officially the Democratic People's Republic of Korea (DPRK), [e] is a country in East Asia.It constitutes the northern half of the Korean Peninsula and borders China and Russia to the north at the Yalu (Amnok) and Tumen rivers, and South Korea to the south at the Korean Demilitarized Zone (DMZ).
Currencies of Korea, including those of pre-division Korea and of South and North Korea. 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.
A former student of his, Jong Jun-thaek, however became Vice Premier of the North Korean state and helped in protecting the reputation of his teacher and advancing his career. In 1962, the North Korean Academy of Sciences was founded and Won Hong-Gu was appointed Director of the Zoological Institute of the Academy. He then transferred the ...