5000 Won

P#51 is the third design iteration of the 5,000 Won note, introduced as part of a broader series refresh that also updated the 1,000 and 10,000 Won denominations. By 2002, Korea Minting and Security Printing Corporation had operated its Daejeon facility for over two decades, having absorbed the note-printing function previously handled in Seoul — the move itself a deliberate policy to disperse sensitive production infrastructure outside the capital.

The watermark remains the primary security feature listed for this issue, modest by the standards of contemporaneous high-denomination notes from other central banks. A significantly more secure polymer-substrate and multi-feature redesign of the 5,000 Won followed in 2006.