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100 Yen = 100 Won

Issuer Bank of Joseon (朝鮮銀行)
Year 1947
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In circulation to 1953
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Obverse description Central vignette with a portrait of Kim Yoon-shik in traditional Korean court dress, set against a guilloche underprint. The denomination is rendered in Hanja characters at centre, with the issuing bank name in vertical columns flanking the portrait. Ornamental borders frame the composition in a letterpress design typical of the period.
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Reverse description The reverse is printed in red-orange tones on a guilloche underprint, with the numeral '100' appearing in large figures at upper left and upper right corners. A large rosette watermark-style vignette occupies the right field, balanced by a floral spray motif at left. The denomination 百圓 (One Hundred Yen) is set in a central cartouche, with the bank name 朝鮮銀行 displayed across the top and the value repeated in an oval panel at the bottom.
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Comments

The Bank of Joseon was a Japanese colonial institution that found itself stranded on both sides of the 38th parallel after Japan's 1945 surrender. This 1947 note was issued under American Military Government authority in the south, with the bank continuing to function as a stopgap central bank until the Bank of Korea was established in 1950. The Yen/Won dual denomination reflects the transitional monetary fiction of the period — the Korean Won had been pegged at parity with the Japanese Yen since 1945, so the equivalence printed on the note was technically accurate but increasingly meaningless as inflation accelerated.

Wartime printing infrastructure was degraded, and paper quality in issues from this period is often poor by the bank's prewar standards.

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