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50 Won
| Issuer | Bank of Korea |
|---|---|
| Year | 1962-1970 |
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| Shape | Rectangular |
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| Obverse description | Central vignette of the hexagonal basalt columnar formations of Jusangjeolli Cliff (Jisatgae Rocks) near Daepo on Jeju Island, rendered in intaglio against a guilloche underprint. Issuer name in Hangul (한국은행) and denomination (오십원) are inscribed within the note's border design. |
|---|---|
| Obverse lettering | 한국은행권 오십원 한국은행 (Translation: Korean banknote, Fifty Won, Bank of Korea) |
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| Comments |
Thomas De La Rue printed the bulk of South Korea's banknote requirements through the 1960s, a period when the Bank of Korea lacked domestic production capacity adequate for a full currency series. This 50 Won belongs to the second post-reform issue following the 1962 monetary restructuring — the currency conversion that slashed ten old Hwan to one new Won, effectively wiping out a decade of inflationary erosion in a single decree.
The watermark is the sole security feature on this denomination, a relatively modest specification that reflects both the note's face value and the era's printing economics. Pick #34 examples with sharp paper are increasingly difficult to locate given the note's active use through a period of rapid economic expansion.