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10 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1959-1961 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
| Thickness | 1.1 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Hangul |
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| Reverse description | Log in to see details |
| Reverse script | Latin |
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| Additional information |
Korea's hwan currency existed for barely a decade. Introduced in 1953 to replace the won at a rate of one hwan to one hundred won, it was itself replaced in 1962 when the military government of Park Chung-hee redenominated back to the won — again at 10 to 1 — largely to curb hoarding and disrupt the informal economy that had flourished during the Korean War's aftermath.
This 10 hwan piece was among the first modern machine-struck coins issued by the newly established Bank of Korea, which had only received its central banking charter in 1950, weeks before the war broke out.