10 000 Won

P#50 sits within a long-running series that the Bank of Korea refreshed several times through the 1990s without wholesale redesign — the 1994 date reflects a printing update rather than a new issue, and the notes entered circulation alongside earlier variants of the same denomination that remained legal tender simultaneously.

The Korea Minting and Security Printing Corporation facility in Daejeon had been handling domestic banknote production since the early 1970s, reducing South Korea's previous dependence on foreign security printers. By 1994, watermarking was the primary overt security feature on this value — a relatively modest specification for a high-denomination note, which contributed to persistent counterfeiting pressure that would eventually push the Bank of Korea toward the more heavily secured polymer and thread-embedded issues of the early 2000s.