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100 Hwan

Issuer Bank of Korea
Year 1962
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Size 165 × 66 mm
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Obverse description A vignette at right centre portrays a mother and child together examining a savings account booklet, rendered in intaglio against a green guilloche underprint. The Korean inscriptions 한국은행권 and 백 환 appear in large characters at the upper and centre fields respectively, with 한국은행 printed at lower left. A circular red seal is positioned at centre, framed by ornate scrollwork borders along all edges.
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Reverse lettering THE BANK OF KOREA 100 HWAN 1962
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Comments

The 100 Hwan was already a dying denomination when this note was printed. South Korea's currency reform of June 1962 converted the Hwan to the Won at a rate of 10:1, wiping out the Hwan series almost immediately — this issue was printed into obsolescence within months of production, part of the military government's broader effort to curb inflation and flush out hoarded currency following the May 1961 coup.

Printed domestically by the Korea Minting and Security Printing Corporation rather than contracted abroad, as earlier Hwan issues had been.

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