Catalog
50 Jeon
| Issuer | Bank of Korea |
|---|---|
| Year | 1962 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in black on a light green guilloche underprint with fine wavy-line engine-turned work across the field. The large Hangul denomination 오십전 occupies the centre-left, above which the legend 한국은행권 is set across the upper portion. To the right, the numeral 50 appears within an elaborate scalloped cartouche with acanthus scroll work below. A circular red intaglio seal of the Bank of Korea governor is printed at centre, and the issuer name 한국은행 appears at lower left. Numeric denominational counters reading 50 are placed at the lower left corner and an oval cartouche at upper left, with the printer's imprint 한국조폐공사제조 along the lower border. |
|---|---|
| Obverse lettering | 한국은행권 오십전 한국은행 한국조폐공사제조 (Translation: Bank of Korea Note, Fifty Jeon, Bank of Korea, Printed by Korea Minting and Security Printing Corporation) |
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| Comments |
The 50 Jeon was issued as part of South Korea's Third Currency Reform of June 1962, a monetary restructuring pushed through by the military junta that had seized power the previous year. The reform replaced the Hwan with the Won at a ten-to-one rate, and small-denomination notes like this one were produced in quantity to ease the transition at a time when coin production could not keep pace with demand.
Printed domestically by KOMSCO rather than contracted abroad — as many earlier Korean notes had been — this issue reflects the junta's deliberate push toward self-sufficient currency production infrastructure.