Main Collections

  1. Money Museum
  2. Collection
  3. Main Collections
Bank of Joseon Notes during the Japanese Occupation
Enlarged view

[Bank of Joseon Notes during the Japanese Occupation ]

Title
Bank of Joseon Notes during the Japanese Occupation
Location
Currency Gallery

Explanation of Work

After seizing sovereignty over the Korean Empire in 1910, Japan re-established Bank of Korea as the Bank of Joseon in 1911. The Bank of Joseon issued notes in four denominations: 100-won, 10-won, 5-won, and 1-won. The banknotes were re-issued from time to time, making changes in printed words or printing method under varied circumstances such as the abandonment of the gold standard or war-induced shortages. In 1914, the Bank of Joseon issued its first banknote, a 100-won note, with a portrait of Black Mahakala, one of the Japanese protector deities. All other notes applied a portrait of Shou Lao, which symbolizes longevity. The Bank of Joseon Notes were used until after the 1945 liberation but soon demonetized once Bank of Korea started to issue its banknotes.

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