10 Sen

The Bank of Chosun — Japan's colonial central bank for Korea — issued this 10 Sen note as small-denomination paper currency became necessary when wartime metal demands stripped coinage from circulation. By the mid-1930s, copper and nickel were being redirected toward military production, and low-value paper filled the gap left by disappearing coins.

P#27 belongs to a series that saw heavy everyday use in Korean markets, and genuinely uncirculated survivors are less common than catalog frequency suggests. The notes were considered disposable by users and discarded accordingly.