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1000 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1953 |
| Type | Standard circulation banknote |
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| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 券行銀國韓 行銀國韓 원천 圜千 (Translation: Korean banknote, The Bank of Korea, One Thousand Won, One Thousand Hwan) |
| Reverse description | Log in to see details |
| Reverse lettering | The BANK of KOREA 圜千 천 원 ONE THOUSAND WON (Translation: One Thousand Hwan, One Thousand Won) |
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| Comments |
The Hwan was introduced in February 1953 as a redenomination of the wartime Won at a rate of 1 Hwan to 100 Won — an acknowledgment that the Korean War had effectively destroyed the currency's purchasing power. With South Korea's own printing infrastructure wrecked, the Bureau of Engraving and Printing in Washington produced the early Hwan series, including this 1,000-denomination note, one of the highest face values in the initial release.
P#15 is considerably scarcer than the lower denominations in the 1953 series, partly because high-value notes accumulated fewer handling cycles before being deposited or redeemed.