100 Mun

The Keijo-Pusan Railway Company — operating the Seoul-to-Busan line under Japanese colonial administration — issued scrip notes like this one to handle small transactions along the route, where conventional coin was chronically scarce. The "Keijo" rendering of Seoul dates this squarely within the Japanese-administered naming conventions imposed after 1876's forced opening of Korean ports, well before formal annexation in 1910.

Private railway scrip from this period in Korea is exceptionally rare in any surviving form. Most was redeemed or simply discarded as the line's financial operations were absorbed into larger colonial infrastructure frameworks in the early 1900s.