10 Chon

The Bank of Joseon — Chōsen Ginkō under Japanese administration — continued issuing notes under its old institutional name even after liberation in August 1945, a transitional anomaly that lasted until the Bank of Korea replaced it in 1950. This particular 10 Chon was printed in April 1945, while Korea was still under Japanese colonial rule, yet carries a 1949 catalog date reflecting its official circulation period under the U.S. Military Government and early Republic of Korea administration.

Small-denomination chon notes of this era are frequently found with heavy use damage — the wartime paper stock was poor, and low values passed through many hands before the 1953 hwan reform rendered them obsolete.