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50 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1959-1961 |
| Type | Log in to see details |
| Value | 50 Hwan |
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| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Latin |
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| Reverse description | The reverse displays a left-facing profile view of the Geobukseon (turtle ship), the celebrated armored warship deployed by the Korean navy from the late 16th century onward, rendered in considerable detail with its characteristic domed, spike-studded shell-like superstructure and oar banks. The denomination in Hangul script appears to the right of the vessel, while the issuing authority legend 'Bank of Korea' in Hangul is inscribed across the upper field. The design is contained within a beaded border. |
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| Additional information |
South Korea introduced the Hwan in 1953 as a redenomination of the war-ravaged Won, replacing it at 100:1 in a bid to stabilize an economy shattered by the Korean War. The 50 Hwan was part of the first substantive coinage program the newly independent Bank of Korea could call its own. The Hwan itself proved short-lived — a 1962 currency reform abolished it entirely, again at 10:1, folding it into the new Won.
The 1959–1961 window means surviving examples saw at most three years of circulation before demonetization.