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Bank of Joseon Notes during the period of Japanese Occupation

After seizing sovereignty over the Korean Empire in 1910, Japan re-established the Bank of Korea as the Bank of Joseon in 1911. The Bank of Joseon issued notes in four denominations: 100-won, 10-won, 5-won, and 1-won. The banknotes were re-issued from time to time, making changes in printed words or printing method under varied circumstances such as the abandonment of the gold standard or war-induced shortages. In 1914, the Bank of Joseon issued its first banknote, a 100-won note, with a portrait of Black Mahakala, one of the Japanese protector deities. All other notes applied a portrait of Shou Lao, which symbolizes longevity. The Bank of Joseon Notes were used until after the 1945 liberation but soon demonetized once the Bank of Korea started to issue its banknotes.

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N. Korea Leaves out Dokdo in Map and Book on its Territory

Bank of Joseon Notes during the period of Japanese Occupation