1 Fun Yi Hyong

The 1 Fun of 1893 was among the first coins struck at the newly established Korean Imperial Mint in Incheon, itself built with Japanese technical assistance — a fact that foreshadowed the political trajectory of the peninsula over the following decade. Korea had only formally opened its mints to modern mechanical coinage in the early 1890s, replacing a centuries-old cast coin tradition almost overnight. The transition was abrupt and the early production runs inconsistent.

Issues from this short window, before Japanese financial pressures began reshaping Korean monetary policy after 1895, represent the last years of genuinely independent Korean coinage authority.