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Currency history

South Korean hwan

South Korean hwan: a historical unit of account.

Dates in use
Introduction and ending not established
Ancestry branch
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South Korean hwan: documented and qualified family connections PREDECESSORS THIS CURRENCY SUCCESSORS Korean yen / won before the North–South currency separationKorean yen / won before theNorth–South currency separation 1953 · DocumentedDocumented connection · 1953 South Korean wonSouth Korean won 1962 · DocumentedLater contribution or absorptionDocumented connection · 1962 South Korean hwanSouth Korean hwan Currency history

The story

The 1962 Korean reform replaced the hwan account unit with the won; some hwan coins remained valid at their converted value. [1]

The hwan was used from the 15February 1953 reform, earlier than its current 1962-only anchor. [2]

Act 1088 explicitly made won the unit of account from 10June 1962, at1won:10hwan, regulating outstanding hwan-denominated debts and deposits. [3]

Sources and evidence

  1. Bank of Korea · Currency Timeline, 1962–1970 C1112 ↗
  2. official institutional history · Bank of Korea, Currency Timeline 1953–1962 C1268 ↗
  3. Republic of Korea · Emergency Currency Measures Act 1088,1962 C1619 ↗

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Cite this page

“South Korean hwan.” The Family Tree of Money. © Field Technologies, Inc. Reader edition 2026-10-13; research dataset v43. https://family-tree-money-atlas.bob123444.chatgpt.site/currency/FTM000120.html

Editorial evidence supplement · Download dataset v43

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