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100 Yen

Issuer Bank of Chosun
Year 1938
Type Standard circulation banknote
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Reverse description The reverse is dominated by an elaborate acanthus scroll vignette in grey-green intaglio occupying the right half of the note, with a circular rosette medallion bearing the Chinese characters 百圓 (100 Yen) at left against a yellow guilloche underprint. The bank title 朝鮮銀行 appears in the upper centre, and the denomination "100 YEN" is rendered in Latin script along the lower border.
Reverse lettering 朝鮮銀行 百圓 100 YEN
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Comments

The Bank of Chosun — Japan's colonial central bank for Korea, established in 1909 — issued this note during a period of accelerating wartime economic pressure. By 1938, Japan was three years into its war with China, and colonial Korea was being systematically converted into a logistics and manufacturing base. Currency supply in Chosun expanded rapidly to finance that transformation.

Pick 32 is scarcer than its later wartime successors. The 100 Yen denomination circulated alongside Japanese metropolitan notes but was legally distinct — Chosun Bank notes were not legal tender in Japan proper, a jurisdictional boundary the colonial administration maintained even as the two economies became increasingly entangled.

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