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10 Yen = 10 Won
| Issuer | Bank of Chosen - US Army Administration |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | The obverse is printed in dark olive-grey tones on a light ground with an elaborate guilloche border. To the right, a fine intaglio vignette portrays an elderly bearded man in traditional dress. The large kanji numeral 拾圓 (ten yen) appears centrally within a floral rosette underprint in blue, flanked on the left by the numeral 10 within an ornate oval cartouche. A red official seal is applied at lower centre, with the Bank of Chosen inscription 朝鮮銀行 in kanji above, and serial number panels marked {6} at upper left and right. |
|---|---|
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| Reverse lettering | 朝鮮銀行券 10 拾 |
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| Comments |
Printed by the BEP in Washington and issued under US Army Military Government in Korea following Japan's surrender, this note bridges two monetary systems in its very name — the dual denomination reflecting the administrative awkwardness of dismantling a colonial currency while the new order had not yet decided what would replace it. The Bank of Chosen itself was a Japanese colonial institution; the Americans simply kept it running rather than create a new authority from scratch.
The won and yen were at parity, so the bilingual face was a practical concession to a population that had used both terms interchangeably under occupation.