Banknotes of South Korea

The official currency of South Korea is the South Korean won (KRW), issued by the Bank of Korea. Paper money was first introduced in South Korea in 1876 with the issuance of the Korean yen, which later evolved into the won after its establishment in 1945. The currency underwent a significant reform in 1953, introducing a new won at a rate of 1 won = 1,000 old won. Collectors are drawn to South Korea's banknotes for their distinctive artistic designs and security features. The 2007 series showcases intricate holographic images and vivid colors, alongside portraits of prominent figures like Yi Hwang, a renowned Confucian scholar. This series exemplifies South Korea's blend of modern technology and traditional themes, making it highly sought after by numismatists.