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Korean yen

조선 엔 (Korean)
Korean one yen note (1932)
Unit
Symbol	圓‎
Denominations
Subunit
1⁄100	Sen
1⁄1000	Rin
1⁄10000	Mō
Banknotes	10 sen, 20 sen, 50 sen 圓1, 圓5, 圓10, 圓100
Coins	None
Demographics
User(s)	Korea, Empire of Japan
Issuance
Central bank	Bank of Chōsen
This infobox shows the latest status before this currency was rendered obsolete.

The yen was the currency of Korea, Empire of Japan between 1910 and 1945. It was equivalent to the Japanese yen and consisted of Japanese currency and banknotes issued specifically for Korea. The yen was subdivided into 100 sen. It replaced the Korean won at par and was replaced by the South Korean won and the North Korean won at par.

Banknotes

From 1902 to 1910, banknotes were issued by Dai-Ichi Bank. Denominations included 10 sen, 20 sen, 50 sen, 1 yen, 5 yen, and 10 yen. The sen notes were vertical and resembled the Japanese sen notes of 1872 and the Japanese military yen at the turn of the century. These notes were redeemable in "Japanese Currency at any of its Branches in Korea".

In 1909, the Bank of Korea (韓國銀行) was founded in Seoul as a central bank and began issuing currency of modern type. Following the establishment of the Bank of Korea, it would immediately begin to issue its own banknotes, these new banknotes were redeemable "in gold or Nippon Ginko notes." Most of the reserves held by the Bank of Korea at the time were banknotes issued by the Bank of Japan and commercial paper.

The banknotes issued by the Bank of Korea were only very slightly modified from the earlier Dai-Ichi Bank banknotes that had circulated in Korea, this was done to reduce any possible confusion during the transition period. The name of the Bank of Korea was inserted and the royal plum crest of Korea replaced Dai-Ichi Bank's 10-pointed star emblem, and the reverse sides of the 1 yen banknotes changed colour, but all the overall the changes were minute.

Bank of Korea notes were dated 1909 and issued in 1910 and 1911. After Korea lost sovereignty to Japan in 1910, the Bank of Korea was renamed the Bank of Chōsen (朝鮮銀行, Korean: Joseon Eunhaeng, Japanese: Chōsen Ginkō). The first Bank of Chosen note was dated 1911 and issued in 1914. 1 yen, 5 yen, 10 yen, and 100 yen were issued regularly, while there were occasionally some sen notes (5, 10, 20, 50 sen). 1000 yen was printed but never issued at the end of World War II. The earlier issues were redeemable "in Gold or Nippon Ginko Note". A similar phrase was written in Japanese on later issues. The image of an old man on the currency is probably an allegorical representation of longevity possibly based on Kim Yun-sik

Sen

1916

Denomination	Front	Reverse	Obverse motif	Reverse motif
5 sen (Stamp currency)			—	—
10 sen				Ornamental
20 sen
50 sen

1919

Denomination	Front	Reverse	Obverse motif	Reverse motif
10 sen
20 sen
50 sen

1937

Denomination	Front	Reverse	Obverse motif	Reverse motif
10 sen
50 sen

Yen

1911

Denomination	Front	Reverse	Obverse motif	Reverse motif
1 yen (Gold certificate)			Jurōjin
5 yen (Gold certificate)			Jurōjin
10 yen (Gold certificate)			Jurōjin
100 yen (Gold certificate)			Daikokuten

1932

Denomination	Front	Reverse	Obverse motif	Reverse motif
1 yen			Jurōjin
5 yen			Jurōjin
10 yen			Jurōjin

1938

Denomination	Front	Reverse	Obverse motif	Reverse motif
100 yen			Jurōjin

1944

Denomination	Front	Reverse	Obverse motif	Reverse motif
1 yen			Jurōjin
5 yen			Jurōjin
10 yen			Jurōjin
100 yen			Jurōjin

1945

Denomination	Front	Reverse	Obverse motif	Reverse motif
1 yen			Jurōjin
5 yen			Jurōjin
100 yen			Jurōjin
1000 yen (Never released)		—	Jurōjin

See also

• Bank of Chōsen

References

1. 株式會社第一銀行, Kabushiki gaisha Dai-ichi Ginkō
2. ^ Joseph E. Boling, NLG (1988). "Korea - A Numismatic Survey. (This article has been transposed to this format from a July 1988 supplement issue included with Coin World. Its original title was: Beyond Cash - A Numismatic Survey of Korea.)" (PDF). Moneta-Coins.com. Retrieved 3 October 2019.

• Schuler, Kurt. "Tables of Modern Monetary History: Asia".
• Pick, Albert (1996). Standard Catalog of World Paper Money: General Issues to 1960. Colin R. Bruce II and Neil Shafer (editors) (8th ed.). Krause Publications. ISBN 0-87341-469-1.

v t e Korea under Japanese rule
Colony of the Empire of Japan from 1910 to 1945
Government	Governor-General of Chōsen (list) Japanese Korean Army
Cultural policies	Chōsen Art Exhibition (1922–1944) Chosun Exhibition (1929) Colored Clothes Campaign (1920–1945) Office of the Yi Dynasty Sōshi-kaimei (1939–1945) Shinto in Korea State Shinto
Economy	Bank of Chōsen Hwacheon Dam Korean yen Sup'ung Dam Companies Chōsen Anthracite Company Chōsen Government Railway Chosen Railway Oriental Development Company
Controversies	Comfort women (list) Sakhalin Koreans Forced labor Aso Mining forced labor controversy Hashima Island Korean Women's Volunteer Labour Corps Sado Island Slavery during World War II Utoro, Uji Events 105-Man Incident (1911) March First Movement (1919) Jeamri Massacre (1919) Battle of Fengwudong (1920) Battle of Samdunja Battle of Qingshanli (1920) Gando Massacre (1920–1921) Shinano River incident (1922) Kantō Massacre (1923) June Tenth Movement (1926) Gwangju Student Independence Movement (1929) Hongkou Park Incident (1932) Battle of Pochonbo (1937) Korean Language Society Incident (1942) Collaborators Five Eulsa Traitors Hong Sa-ik Iljinhoe Korean History Compilation Committee Park Yeong-hyo Refrain Club Park Jung-yang Song Byeong-jun Yi Yun-yong Independence movement Declaration of Independence Independence Club Korean National Association List of militant independence organizations List of independence activists Provisional Government
Places and structures	Altteureu Airfield Gyeongbokgung Government-General Museum of Chōsen Heijō Shrine Hyochang Park Japanese General Government Building, Seoul Keijō (Seoul) Keijō Post Office Keijō Shrine Keijō Imperial University Seodaemun Prison
Legacy	Anti-Japanese sentiment in Korea Anti-Korean sentiment in Japan Controversies surrounding Yasukuni Shrine Japan–Korea disputes Japan–North Korea relations Japan–South Korea relations Japanese history textbook controversies List of war apology statements issued by Japan Division of Korea (1945–) Koreans in Japan (1945–) Hibakusha (1945–) Treaty of San Francisco (1952) Treaty on Basic Relations Between Japan and the Republic of Korea (1965) Independence Hall of Korea (1987–) Murayama Statement (1995) Special Law to Redeem Pro-Japanese Collaborators' Property (2005) Museum of Japanese Colonial History in Korea (2018–) Comfort women Futsukaichi Rest Home (1946–1947) The Korean Council for the Women Drafted for Military Sexual Slavery by Japan (1990–) Wednesday demonstration (1992–) Kono Statement (1993) Asian Women's Fund (1994) Shimonoseki Trial (1998) Women's International War Crimes Tribunal on Japan's Military Sexual Slavery (2000) United States House of Representatives House Resolution 121 (2007) Japan–South Korea Comfort Women Agreement (2015)

• Money
• Numismatics

• Economy of Korea under Japanese rule
• Modern obsolete currencies
• Currencies of Korea
• 1910 establishments in Korea
• 1945 disestablishments in Korea