100 Hwan

South Korea's currency was converted from Won to Hwan in February 1953 — a redenomination at 100:1 designed to suppress inflation that had spiraled badly during the Korean War. This note belongs to the first stable series issued after that conversion, printed domestically at a time when the KOMSCO facility in Daejeon was still developing the technical infrastructure to produce secure currency entirely without foreign contract printers.

The print run of just over twelve million is modest, and wartime displacement of population records and banking infrastructure meant redemption tracking was incomplete — contributing to uneven survival rates across the series.