REFERENCE: Korea was a Japanese colony from 1910 to 1945. At this time, she did not have sovereignty, power on the peninsula belonged to the Japanese governor general. The colonial period ended after the surrender of Japan in World War II.
The Korean yen (Japanese 朝鮮円) is the monetary unit of Korea during the period of Japanese colonial rule (1910-1945), replacing the Korean won. It was equivalent to the Japanese yen and 100 senas. After Korea gained independence, it was replaced by South Korean and won. From 1902 to 1910, the Korean yen was issued by the First National Bank of Japan and was used in Korea along with the Korean won. After the annexation of Korea by Japan, banknotes began to be printed by the Bank of Korea, renamed Chosen Bank. The bank issued banknotes in 1, 5, 10 and 100 yen, as well as in 5, 10, 20 and 50 Sep. At the end of the colonial period, a banknote of 1000 yen was also printed.
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