500 Won Foundation of the DPRK

The date printed on this note — 30 April 1945 — is not an issuance date but a commemorative one: the founding date of the Korean People's Army is conventionally anchored to events in that final week of the Second World War, before the formal establishment of the DPRK itself in September 1948. The 500 Won denomination places this firmly within the post-2002 currency restructuring period, when the DPRK issued a wave of commemorative and circulating notes under the Central Bank following the July 2002 economic reforms.

P#47B suggests a variant within the series — likely a signature or print run difference from the base type.