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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 Gregorian calendar, earlier coins having used the Korean calendar. The 10 and 50 hwan coins ...
The history of Korean currency dates back to around the 3rd century BC, when first coins in the form of knife coins, also known in Korean literature as "Myeongdojun(명도전,in chinese mingdaoqian,明刀錢, meaning Ming Knives)" originally belonging to the Chinese state of Yan but also was used in trade with Korean state Gojoseon; which were said to have been circulated. [1]
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 Administration
Bronze coins were cast starting in 1423 during the reign of king Sejong the Great with the Joseon Tongbo (조선통보, 朝 鮮 通 寶) cash coins. [7] [5] The coins produced under Sejong were pegged to copper at 160 coins to one Kŭn (斤, 근) which is equal to 600 grams, though the actual market rates regularly fluctuated. But the monetary ...
On January 21, 1982, the Bank of Korea approved a plan to issue 500 won coins to replace the existing 500 won banknotes, [4] and on June 12, 1982, 500 won coins were first issued. [5] On January 15, 1983, the Bank of Korea issued a 1 won coin, 5 won coin, 10 won coin, 50 won coin and 100 won coin that modified the design form to match the 500 ...
When the Dangbaekjeon (當百錢), or 100 mun denomination Sangpyeong Tongbo cash coin, was introduced in 1866 by regent Heungseon Daewongun to finance the state's military expenditures to strengthen Korea's military power to be able to compete with that of the Western powers which were forming an ever growing threat, [4] [5] as well as to rebuild the Gyeongbok Palace.
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.
The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; Korean: 한국조폐공사) is a state-owned corporation which is responsible to print and mint the banknotes and coins and other government documents.