Catalog
10 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1953-1958 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 156 × 66 mm |
| Shape | Log in to see details |
| Printer | Log in to see details |
| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 韓國銀行券 拾圜 韓國銀行 십 환 (Translation: Korean banknote, Ten Hwan, Bank of Korea, Ten Hwan) |
| Reverse description | Log in to see details |
| Reverse lettering | THE BANK OF KOREA 拾 환 TEN HWAN (Translation: Ten Hwan) |
| Signature(s) | Log in to see details |
| Protection type | Log in to see details |
| Protection description | Log in to see details |
| Variants | Log in to see details |
| Comments |
The hwan was introduced in February 1953 as South Korea replaced the won at a rate of 100 won to 1 hwan — a desperate measure during the Korean War to curb the hyperinflation that had reduced the original won to near worthlessness. This note belongs to the earliest phase of the new currency, when the country was still actively fighting and monetary stability was more aspiration than reality.
Domestic printing by the Korea Minting and Security Printing Corporation marked a deliberate shift away from the wartime reliance on American military payment certificates and foreign-printed emergency issues. The infrastructure to produce it was barely in place.