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100 Hwan
| Issuer | Government of the Republic of Korea |
|---|---|
| Year | 1960-4292 |
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| Currency | Hwan (1953-1962) |
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| Obverse description | Dark grey intaglio-printed government bond certificate with ornate scrollwork border; the Korean national emblem (taeguk with phoenixes) appears at top centre, flanked by hanja denomination panels reading 일백 at left and right. Central text block carries the title 大韓民國政府 / 壹百圓 in bold hanja with vertical Korean terms and conditions columns, a red serial number in the upper field, and a red official seal of the Ministry of Finance at lower left. |
|---|---|
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| Reverse description | Plain cream paper printed in blue with two tabulated schedules enclosed within a guilloche-patterned rectangular border. The upper table, headed 元金償還表, lists five principal repayment tranches with corresponding Dangun calendar date ranges and proportional rates. The lower table, headed 附利一覽表, details five annual interest payment dates from Dangun year 4295 to 4299 with corresponding amounts expressed in Won. |
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| Comments |
The Hwan was already a dying currency when this note was printed. South Korea had introduced it in 1953 to replace the badly inflated Won at a rate of 100:1, but chronic inflation simply resumed, and by 1962 the government replaced the Hwan with the new Won — again at 100:1, effectively wiping out two decimal places of value in under a decade.
The dual dating reflects Korea's use of the Dangun calendar alongside the Gregorian: 4292 corresponds to 1959–1960. Notes from this terminal Hwan period were often poorly preserved in circulation due to the economic instability of the period.