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50 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1958 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Paper |
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|---|---|
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| Reverse description | Central full-length intaglio vignette of Admiral Yi Sun-sin standing on a radiating sunburst background within an arched frame, set against fine guilloche underprint in green tones. To the right, an oval cartouche contains a vignette of a Turtle ship (Geobukseon) at sea. The denomination '50' appears in numerals to either side of the central figure, with the issuer name and denomination in Western script along the top and bottom borders. |
| Reverse lettering | THE BANK OF KOREA 오 십 FIFTY HWAN (Translation: Fifty) |
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| Comments |
South Korea's currency in 1958 was still navigating the aftermath of the Korean War's hyperinflationary spiral — the Hwan itself had only been introduced in 1953 as a replacement for the Won at a rate of one Hwan to 100 Won, a forced redenomination that did almost nothing to restore public confidence in paper money. The 50 Hwan denomination sits in the middle of that troubled monetary period, printed domestically by the Korea Minting and Security Printing Corporation at a time when local production capacity was still being rebuilt with postwar foreign aid.
The Hwan lasted only until 1962, when another redenomination collapsed it back into a new Won at 10 Hwan to 1 Won.