Korean yen
Encyclopedia
The Korean 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 for Korea. The yen was subdivided into 100 sen. It replaced the Korean won
at par and was replaced by the South Korean won
at par, and the North Korean won
.
(First National Bank of Japan, 株式會社第一銀行, Kabushiki Gaisha Daiichi Ginkō). Denominations included 10 sen, 20 sen, 50 sen, 1 yen, 5 yen, and 10 yen. The sen notes were vertical and resembled the Japanese sen notes of 1872 and the Japanese military yen
at the turn of the century. These notes were redeemable in "Japanese Currency at any of its Branches in Korea"
In 1909, the Bank of Korea (1909) (韓國銀行) was founded in Seoul
as a central bank and began issuing currency of modern type. Bank of Korea notes were dated 1909 and issued in 1910 and 1911. After Korea lost sovereignty to Japan in 1910, the Bank of Korea was renamed the Bank of Chosen (朝鮮銀行, Korean: Joseon Eunhaeng, Japanese: Chōsen Ginkō). The first Bank of Chosen note was dated 1911 and issued in 1914. 1 yen, 5 yen, 10 yen, and 100 yen were issued regularly, while there were occasionally some sen notes (5, 10, 20, 50 sen). 1000 yen was printed but never issued at the end of World War II
. The earlier issues were redeemable "in Gold or Nippon Ginko
Note". A similar phrase was written in Japanese
on later issues.
Korea
Korea ) is an East Asian geographic region that is currently divided into two separate sovereign states — North Korea and South Korea. Located on the Korean Peninsula, Korea is bordered by the People's Republic of China to the northwest, Russia to the northeast, and is separated from Japan to the...
between 1910 and 1945. It was equivalent to the Japanese yen
Japanese yen
The is the official currency of Japan. It is the third most traded currency in the foreign exchange market after the United States dollar and the euro. It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling...
and consisted of Japanese currency and banknotes issued specifically for Korea. The yen was subdivided into 100 sen. It replaced the Korean won
Korean won
The won was the currency of Korea between 1902 and 1910. It was subdivided into 100 chon .-Etymology:Won is a cognate of the Chinese yuan and Japanese yen.-History:...
at par and was replaced by the South Korean won
South Korean won
The won is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates...
at par, and the North Korean won
North Korean won
The won is the currency of North Korea . It is subdivided into 100 chon. The won is issued by the Central Bank of the Democratic People's Republic of Korea...
.
Banknotes
From 1902-1910, banknotes were issued by Dai Ichi GinkoDai-Ichi Kangyo Bank
The , abbreviated as , was one of the largest banks in the world during the latter half of the 20th century. It combined with Fuji Bank and the Industrial Bank of Japan in 2000 to form Mizuho Financial Group....
(First National Bank of Japan, 株式會社第一銀行, Kabushiki Gaisha Daiichi Ginkō). Denominations included 10 sen, 20 sen, 50 sen, 1 yen, 5 yen, and 10 yen. The sen notes were vertical and resembled the Japanese sen notes of 1872 and the Japanese military yen
Japanese military yen
Japanese Military Yen , commonly abbreviated as JMY, was the :currency issued to the soldiers of the Imperial Japanese Army and the Imperial Japanese Navy as a salary. The Imperial Japanese government first started issuing the military yen during the Russo-Japanese War in 1904...
at the turn of the century. These notes were redeemable in "Japanese Currency at any of its Branches in Korea"
In 1909, the Bank of Korea (1909) (韓國銀行) was founded in Seoul
Seoul
Seoul , officially the Seoul Special City, is the capital and largest metropolis of South Korea. A megacity with a population of over 10 million, it is the largest city proper in the OECD developed world...
as a central bank and began issuing currency of modern type. Bank of Korea notes were dated 1909 and issued in 1910 and 1911. After Korea lost sovereignty to Japan in 1910, the Bank of Korea was renamed the Bank of Chosen (朝鮮銀行, Korean: Joseon Eunhaeng, Japanese: Chōsen Ginkō). The first Bank of Chosen note was dated 1911 and issued in 1914. 1 yen, 5 yen, 10 yen, and 100 yen were issued regularly, while there were occasionally some sen notes (5, 10, 20, 50 sen). 1000 yen was printed but never issued at the end of World War II
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
. The earlier issues were redeemable "in Gold or Nippon Ginko
Bank of Japan
is the central bank of Japan. The Bank is often called for short. It has its headquarters in Chuo, Tokyo.-History:Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration...
Note". A similar phrase was written in Japanese
Japanese language
is a language spoken by over 130 million people in Japan and in Japanese emigrant communities. It is a member of the Japonic language family, which has a number of proposed relationships with other languages, none of which has gained wide acceptance among historical linguists .Japanese is an...
on later issues.