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    The first South Korean won was subdivided into 100 jeon. A series of devaluations followed, the later ones in part due to the Korean War.The South Korean won was initially pegged to the U. The pegs were: The first South Korean won was replaced by the hwan on February 15, 1953 at a rate of 1 hwan = 100 won.It was not until the beginning of the Joseon period that copper coins were minted for wide circulation.Jeohwa (저화/楮貨), which was made of standardized mulberry-bark paper early in the Joseon period, become the first legal paper money and was used as a medium of exchange in place of coins until it disappeared in the early 16th century.Inflation began to soar, meanwhile the Bank of Korea's domestic currency system throughout the early 1960s was left to rely on both won-denominated banknotes, and the circulation of the old 50 Hwan and 10 Hwan coins, which were revalued to 5 Won and 1 Won respectively.

    During the reign of King Sukjong, a monetary system of casting a variety of coins was established in the years 1097-1107.Lam, as the third leg, more than breaks the spell of this love triangle with his oddly wooden line reading.Although the film boasts several celebrity cameos, few of them make anything of their walk-on parts.This currency, in addition to all of the subsequent banknotes and coins released since the 1962 currency reform, are still considered legal tender.These three coins (left to right: 100 Hwan, 50 Hwan, 10 Hwan) circulated in Korea from 1959 until the demonetization of the Hwan in June 1962, whereupon the 100 Hwan coins were withdrawn and later melted.

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