Evidence coverage: 1953–1962. This is the span of collected observations, not the currency’s lifetime.
This record includes associated currencies and earlier interpretations. The article selects the evidence relevant to its own history.
A documented account-unit or currency-system transition supports this predecessor identity; not admitted from a specimen or inherited label alone.
Evidence within this identity, not separate currencies.
The hwan was used from the15February1953 reform, earlier than its current1962-only anchor.
Sources and qualifications →Act1088 explicitly made won the unit of account from10June1962, at1won:10hwan, regulating outstanding hwan-denominated debts and deposits. Principal account-unit replacement retained under clarified project ontology; exact conversion does not itself imply identity.
Sources and qualifications →Dated evidence, not exact birth or extinction dates.
The hwan was used from the15February1953 reform, earlier than its current1962-only anchor.
C1268Dated observations, not a proven complete lifespan.
The 1962 Korean reform replaced the hwan account unit with the won; some hwan coins remained valid at their converted value.
1962 reform opening paragraphs
The hwan was used from the15February1953 reform, earlier than its current1962-only anchor.
Narrative lines470–475; not original decree.
Not a complete origin, lifespan or current-status audit.
Act1088 explicitly made won the unit of account from10June1962, at1won:10hwan, regulating outstanding hwan-denominated debts and deposits.
Articles2–4
Not a complete origin, lifespan or current-status audit.
Official search-retrieved articles 1–7 inspected (full legal text returned by indexed retrieval); art2expressly establishes won as calculation unit; art4regulates hwan deposits/monetary debts.
The southern continuation of the common Korean won was replaced by the hwan account unit effective17February1953 at100won per hwan. The1950 switch from Joseon to Bank of Korea notes was an instrument change within the preceding won.
Emergency Presidential Order13 article2; BOK1950–1953 and1953–1962 introductions
Not a complete origin, lifespan or current-status audit.
Emergency Presidential Order13 article2; BOK1950–1953 and1953–1962 introductions
Not a complete origin, lifespan or current-status audit.
Emergency Presidential Order13 article2; BOK1950–1953 and1953–1962 introductions
Not a complete origin, lifespan or current-status audit.