10 Yen

The Bank of Chosen — nominally a central bank but functionally an instrument of Japanese colonial finance — issued this series continuously from 1932 through the final weeks of the Pacific War. Chosen Bank notes circulated not only in Korea but across Manchuria and parts of occupied China, where the bank operated branch networks that effectively shadowed Japanese military expansion.

After Japan's surrender in August 1945, Soviet forces entering northern Korea and Chinese nationalist authorities both voided these notes at different rates and on different schedules, leaving holders in the south in particular limbo until U.S. Military Government currency policies took effect.