혼천시계 (honcheonsigye) is an astronomical clock that was made in 1669 and is still in existence today. Since “sigye” means “clock” in Korean, we can call the picture on the back of this note the “Hocheon Clock”. Hangeul is really important to Korean society, it even has its own holiday! If you haven’t heard this 4 th king of the Joseon Dynasty, then consider this the first of many times that you will! He is the one responsible for introducing Hangeul into Korean society. The US dollar exchange rate of this Korean bill (KRW) is roughly around $8.93.įront: 세종대왕 Sejong the Great (1397 – 1450) On the back side of the 5,000 won note, you’ll see a painting by Shin Saimdang (Yi I’s mother) called “Insects and Plants” ( “Chochungdo” is the name of the painting). He attained fame as a Confucian scholar, and also flew under the radar with his pen name Yulgok. Like Yi Hwang, Yi I (pronounced “yee-ee”) was also a mover and a shaker back in the 1500s. The US dollar exchange rate of this Korean bill (KRW) is roughly around $4.47. If you’ve ever visited Andong in Korea, then you were actually at present day Dosan Seowon! Korean Money #2: ₩5,000 (won) In addition to being an impressively long name for a painting, the back side of the 1,000 won bill also represents a painting of Yi Hwang in Dosan Seowon (area of Korea). If you’re wondering who Toegye is, great question! That was his pen name. Yi Hwang was a famous Confucian scholar from the Joseon Dynasty (That’s the 500 year Confucian dynasty in Korea!) who was big into calligraphy and poetry. The US dollar exchange rate of this Korean bill (KRW) is less than 1 USD, it’s around $0.89.įront: 퇴계이황 Toegye Yi Hwang (1501 – 1570)
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If you can’t read Korean characters yet, you can learn them free in about one hour here. The 5,000 won bill is slightly larger than the 1,000 won bill, and the 10,000 won bill is slightly larger than the 5,000 won bill. The bills get larger in size as they go up. There are 4 different Korean won bills issued by the bank of Korea and are used both in South Korea and North Korea.
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The first South Korean Won bills were issued by the Bank of Joseon but later on, were issued by the Bank of Korea.Ĭan't read Korean yet? Click here to learn for free in about 60 minutes! Korean Bills Another way of looking at it would be, 1 US Dollar to South Korean Won would be 1,184.15 KRW, 6.47 CNY in Chinese Yuan, and 111.97 JPY in Japanese Yuan.
![korea currency korea currency](https://c1.wallpaperflare.com/preview/386/202/395/don-storage-payment-bills.jpg)
Their value is quite different though, 1 KRW is equal to 0.10 Japanese Yen(JPY), and only 0.01 for Chinese Yuan(CNY). The name “won” originated from a Hanja character which is similar to the Chinese Yuan and Japanese Yen. This has become the official currency for both countries after they were divided into two. This is the name used for both South Korean and North Korea. The official name for Korean money is “Won”. Getting familiar with the different Korean money (Korean bills and Korean coins) will help ease your life with anything related to spending money. If you’re planning to visit or live in Korea, or do business with Koreans, then it’s valuable to know about Korean money. In them are printed images of people who have made significant contributions to South Korea. Paper money or 저화 in Korean was first used during the Joseon Dynasty.įast forward to our present day, Korean currency makes use of Korean bills and Korean coins. During Joseon, Korean currency made use of Korean coins made of bronze and iron which are known as 통보 and 정보 respectively. Korean currency dates back hundreds of years during the Joseon Dynasty.
![korea currency korea currency](https://image.shutterstock.com/image-photo/close-north-korean-bank-note-260nw-471544823.jpg)
When learning more about the South Korean Won, you can’t help but also learn about Korean history.
![korea currency korea currency](https://wise.com/imaginary/money-and-banks-in-south-korea.jpg)