History of the History of the Korean CurrencyKorean Currency

Prepared by Prepared by Jungwon Girls’ Jungwon Girls’

Middle School CC Middle School CC StudentsStudents

Korean money, 50won

Length; 17.2mm

Weight; 729g

It has serration frames

The number of rice crops in picture are 43.

50 won50 won

History of 50wons

• Koreans has eaten rice, and everyone wanted to eat it as much as possible.

• Until the 1970s, Korea suffered chronic food shortages which was a big disturbance factor of economic development.

• Therefore, efficient supply of rice can be called the basis of our economic growth.

• For this reason, we can guess symbolism of rice and national aspiration toward self-sufficiency caused the rice crop to be engraved on 50wons.

• Rice crop is the symbol of abundance and Korea’s stock cultivation, which is the reason why it was adopted as the design of 50wons.

• For this reason, we can guess symbolism of rice and national aspiration toward self-sufficiency caused the rice crop to be engraved on 50wons.

• Rice crop is the symbol of abundance and Korea’s stock cultivation, which is the reason why it was adopted as the design of 50wons.

• The United Nations Food and Agriculture Organization(UN FAO) has recommended the issuance of coins to commemorate the food day

old onesnew one

The coins currently we are using is a 500 won coin It is the intention of achieving the effect of promoting the conservation of nature and its flora and fauna, and put money on the flora and fauna of the picture as achieving the effect of currency design in bright and beautifully decorate.

This is crane. This is natural monument No. 202. The crane is known for a vehicle for the fresh.

pictures of 500wons around the world

It was used in the old days, 500 won bill.

About Korean Currency

-10 won and 50000 won

10 won

10 won is the smallest unit of Korean currency.

The number ‘10’ is written on the head and ‘Dabotap(Korean cultural asset)’ is drawn on the tail.

10 won has good size relationship of number and writing.

Transition of 10 won

Left: 10 won before 2006Right: 10 won after 2006

•The new 10 won was published in 2006.•The new 10 won is made of copper.

50,000 won50,000 won is the

biggest unit of Korean currency.

It was first published on June 23rd, 2009.

Shin Sa-im-dang is drawn on the front of the bill.

The picture of Prunus mume and bamboo is on the behind of the bill.

The Significance of Shin Sa-im-dang on 50,000 won

Shin Sa-im-dang Shin Sa-im-dang was one of the the greatest women artist in the Joseun Dynasty.

She was famous for being good wife and wise mother.

50,000 won is the first bill which has picture of woman in Korea.

The Bank of Korea selected her to put on the bill to encourage gender equality.

<1000won>

*Started date: 1983.06.11*Used year: 1983~2006*Person depicted in front of 1000won bill is Toegye Yi Hwang.*Picture depicted behind 1000won bill is Dosan Seowon.

<Korean Second 1000won>

*Started date: 2006.01.07*Use year: 2006~present*Person depicted in front of 1000won bill is Toegye Yi Hwang.*Picture depicted behind 1000won bill is Dosan Seowon. *Feature: The size became small and, the color was changed.

The Origin of 5000won

5,000won

This is 5,000 won. You can see a famous Korean scholar here called Lee, Yungok.

Actually he is the son of Sin, Sa-im-dnag who was on the 50,000 won. What a

family!

The process of transition about

5,000won

It is a Korean moneyand it costs 10000won.In the currencythere are The greatest king sejong, honchunii and many things.

He was a king in the Chosun period and one of the most popular historical persons in korea.  He invented the Korean alphabet. The reason he invented it is that he thought Korea also should have its own alphabet instead of using Chinese characters.  It helped us to write our language with our own alphabet. The thing we should learn from it is the spirit of trying to invent something for the convenience of many people.  

He published  "Nongsajickseol" in 1429, which is about agriculture . And he encouraged Leechon and Jang youngsil to invent rain gauage, and made such scientific instruments as sundial, and waterclock.

History of the 10000won

South Korea issued a bill on June 12, 1973. This is a kind of old look of 10,000 won

• Issued on June 15, 1979, you can see the King Sejong who invented Korean Alphabet called Hangeul and is and gyeonghoeru which is a kind of Royal Pavillion

• On June 9, 2000 newly issued 10,000 won.

• You can still see the Great King Sejong.

What we can do with a 10,000 bill?

You can get 2 to 3 cups of coffee. You can eat a nice mill at a restaurant. You can buy school supplies Donations can be made. You can buy clothes. (maybe a shirt)

• In close future, it is likely that paper money would be exchanged with 'microchip money', which is free of problems such as being ripped easily when it gets wet and can be imitated by using color printers. and can be imitated by using color printers.

• Still, most of the people might disagree with planting a metal chip inside their body, saying ' What if it is fatal? What if it's unhealthy? No, we will not take such risks. We are OK with our paper money!'

MONY IN THE FUTURE

• For those who want to use paper money even though it is weaker and harder to carry (compared to the chips), we can imagine a further-developed kind of paper money; made of tablet.

• Here, tablet doesn't mean pills or the computer kind of tablet. This is a special kind of paper which is used to make cups. If you ever tried ripping a paper cusp, you will understand that, it doesn't get easily destroyed.

• Well, it is true that nowadays money is not made with typical A4 papers, but tablet will make the money more resistant to outer irritations.

• Also, government facilities can place money determining machines that releases a screechy sound when fake money gets near.

• Even if we pour a lot of effort in developing ordinary money,

• most of the experts claim electronic money (such as the microchip money) will take place gradually.

• This sort of money has two types; IC card type and network type.

• First, IC card are same as E- wallet. this mean IC-card is money.• It have Ic chip on plastic card and we can buy thing for this.• Also, E- wallet is like a T-money every time you can charge it on

bank.• .network E-money is money for payment on delivery.• It can be found through the Internet• However, E-money has many problem. Is E-money when electronic

currency forgery due to several practical issues need to be addressed in order to be a number of issues.

• We can see E-money is realization these days.• also, you can buy things with no money and in the future we don't

need paper money.

• IC (In the electronic signals that control electronic device) which is a plastic card embedded chip is used, futuristic and electronic money anytime, anywhere without the need for cash to buy things they want and can ride buses and school supplies and toys if one e-card will be able to buy.Then we don’t have to worry about losing the money. When calculating with the electronic money cards,we should know password because we need to enter a password. Even if you lose it accidentally , when you report the loss, you may take reissued again.

• These days, we can find e-money easily. Toll cards used in high-pass or a bus or a taxi only used when using public transport, such as transportation card are those examples. If the present highpass card or transportation card are used in the future, paper-shaped money will be disappeared.We consider the distant future of the Joseon Dynasty era and coins (copper), of silver (a) and thought to be the remains as relics will remain the paper currency too