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10 Hwan
| Issuer | Bank of Korea |
|---|---|
| Year | 1959-1961 |
| Type | Log in to see details |
| Value | 10 Hwan |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | Log in to see details |
| Diameter | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse script | Hangul |
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| Reverse description | Central field bears the large numeral '10' in bold relief, dominating the coin's face. The legend REPUBLIC OF KOREA arcs along the upper periphery in Latin characters. The Korean calendar year appears in the exergue at the base, flanked on either side by symmetrical scrolled foliate ornaments. The overall design is clean and typographic with minimal decorative embellishment beyond the scroll devices. |
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| Additional information |
Korea's hwan currency existed for barely a decade. Introduced in 1953 to replace the won at a rate of one hwan to one hundred won, it was itself replaced in 1962 when the military government of Park Chung-hee redenominated back to the won — again at 10 to 1 — largely to curb hoarding and disrupt the informal economy that had flourished during the Korean War's aftermath.
This 10 hwan piece was among the first modern machine-struck coins issued by the newly established Bank of Korea, which had only received its central banking charter in 1950, weeks before the war broke out.