KOREAN WON

(Redirected from Won)
:''This page provides the history of the currency prior to 1945. For the later South and North Korean currencies, see South Korean won and North Korean won. For the former online gaming service, see World Opponent Network.''
The 'won' (圓) was the currency of Korea between 1902 and 1910. It was subdivided into 100 ''jun'' (錢).

Contents
Etymology
History
Coins
Banknotes
Won in popular culture
See also
References

Etymology


Main articles: Etymology of the Korean currencies

'Won' is a cognate of the Chinese yuan and Japanese yen.

History


The won was introduced in 1902, replacing the yang at a rate of 1 won = 5 yang. In 1909, the Bank of Korea (韓國銀行) was founded in Seoul as a central bank and began issuing currency of a modern type. The won was equivalent to the Japanese yen and was replaced by the Japanese currency and the Korean yen in 1910 when Korea lost its sovereignty to Japan. In 1910, the Bank of Korea was renamed the Bank of Joseon (朝鮮銀行), which issued notes denominated in yen and ''sen''.

Coins


Coins were minted in the denominations of ½, 1, 5, 10 and 20 chon, ½, 5, 10 and 20 won. The coins all carried the title of the "state", Daehan (대한; 大韓), 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.
Korean Won Coins
Denomination Composition
½ chon Bronze
1 chon
5 chon Cupronickel
10 chon 800‰ silver
20 chon
½ won
5 won 900‰ gold
10 won
20 won

Banknotes


No banknotes were issued denominated in won. However, Korean yen notes were issued by Dai Ichi Ginko (First National Bank (of Japan), 株式會社第一銀行).

Won in popular culture


The primary unit of currency in the anime series ''Cowboy Bebop'' is the woolong, whose symbol (₩) is similar to that of the won.

See also



Names of Korea

Economy of South Korea

Economy of North Korea

References









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