The 100 Hwan was already a dying denomination when this note was printed. South Korea's currency reform of June 1962 converted the Hwan to the Won at a rate of 10:1, wiping out the Hwan series almost immediately — this issue was printed into obsolescence within months of production, part of the military government's broader effort to curb inflation and flush out hoarded currency following the May 1961 coup.
Printed domestically by the Korea Minting and Security Printing Corporation rather than contracted abroad, as earlier Hwan issues had been.
The 100 Hwan was already a dying denomination when this note was printed. South Korea's currency reform of June 1962 converted the Hwan to the Won at a rate of 10:1, wiping out the Hwan series almost immediately — this issue was printed into obsolescence within months of production, part of the military government's broader effort to curb inflation and flush out hoarded currency following the May 1961 coup.
Printed domestically by the Korea Minting and Security Printing Corporation rather than contracted abroad, as earlier Hwan issues had been.