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Who is Printed on Korean Won?

Elena by Elena
31/12/2024
in Currency
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The Korean won, the official currency of South Korea, carries rich historical and cultural significance through the figures printed on its banknotes. These individuals are not merely random selections but are carefully chosen to reflect Korea’s heritage, intellectual contributions, and cultural pride. In this article, we’ll delve into the personalities featured on the Korean won, their achievements, and the symbolism behind their selection. Through this exploration, we’ll also gain insights into South Korea’s history and values as embodied in its currency.

The Korean Won: A Brief Introduction

Before diving into the personalities, it’s important to understand the basics of the Korean won. The won (₩) is the official currency of South Korea, managed by the Bank of Korea. It comes in various denominations, including both coins and banknotes. The banknotes currently in circulation include ₩1,000, ₩5,000, ₩10,000, and ₩50,000 bills, each bearing the portrait of a notable figure in Korean history.

1. ₩1,000 Note: Yi Hwang (1501–1570)

Yi Hwang, also known by his pen name Toegye, is featured on the ₩1,000 note. Yi Hwang was one of Korea’s most prominent Confucian scholars during the Joseon Dynasty, a period marked by a strong emphasis on Confucianism. His contributions to Korean Neo-Confucianism left an indelible mark on the country’s intellectual history.

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Achievements: Yi Hwang founded the Dosan Seowon, a Confucian academy, which became a center for education and scholarly exchange. His works, including the “Ten Diagrams on Sage Learning,” influenced Korean philosophy and ethics profoundly.

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Symbolism: The choice of Yi Hwang reflects the importance of education, ethics, and scholarship in Korean culture. His inclusion on the ₩1,000 note underscores South Korea’s respect for intellectual pursuits and moral guidance.

2. ₩5,000 Note: Yi I (1536–1584)

The ₩5,000 note features Yi I, another esteemed scholar of the Joseon Dynasty and a contemporary of Yi Hwang. Known by his pen name Yulgok, Yi I was a Confucian scholar, politician, and reformer who advocated for practical approaches to governance and education.

Achievements: Yi I is remembered for his political acumen and foresight. He proposed reforms to strengthen national defense and improve government efficiency. His philosophical works emphasized pragmatic solutions to societal issues.

Symbolism: Yi I’s presence on the ₩5,000 note highlights the value of wisdom coupled with practicality in governance. It also serves as a tribute to Korea’s tradition of combining scholarly pursuits with statecraft.

3. ₩10,000 Note: King Sejong the Great (1397–1450)

Arguably the most revered figure in Korean history, King Sejong the Great adorns the ₩10,000 note. He was the fourth king of the Joseon Dynasty and is celebrated for his visionary leadership and cultural achievements.

Achievements:

Hangul Creation: King Sejong is best known for creating Hangul, the Korean alphabet, in 1443. This groundbreaking invention democratized literacy and education in Korea, enabling even the common people to read and write.

Scientific Advancements: Under his reign, numerous inventions were developed, including the sundial and rain gauge.

Cultural Patronage: King Sejong promoted arts, music, and literature, laying the foundation for a flourishing cultural identity.

Symbolism: King Sejong represents innovation, inclusivity, and intellectual progress. His appearance on the ₩10,000 note is a tribute to his enduring legacy as a leader who prioritized his people’s welfare.

4. ₩50,000 Note: Shin Saimdang (1504–1551)

Shin Saimdang is the sole woman featured on Korean banknotes, appearing on the ₩50,000 note. She was a painter, poet, and exemplary mother, earning the title “Wise Mother” in Korean culture.

Achievements:

Artistic Legacy: Shin Saimdang was an accomplished artist known for her delicate depictions of nature, including flowers, insects, and landscapes.

Role as a Model Mother: She is often associated with her son, Yi I (featured on the ₩5,000 note), whose success is partly attributed to her guidance and education.

Symbolism: Shin Saimdang symbolizes the virtues of family, creativity, and moral integrity. Her presence on the ₩50,000 note acknowledges the contributions of women in shaping Korea’s cultural and familial fabric.

The Design and Symbolism of Korean Banknotes

Each banknote not only features a historical figure but is also adorned with complementary artwork that reflects their contributions. For example:

  • The ₩1,000 note includes images of the Dosan Seowon and a traditional Confucian text.
  • The ₩5,000 note features landscapes and depictions of Yi I’s writings.
  • The ₩10,000 note showcases a celestial globe and a rain gauge, symbolizing King Sejong’s scientific achievements.
  • The ₩50,000 note is embellished with Shin Saimdang’s paintings, emphasizing her artistic talent.

These artistic elements enhance the cultural depth of Korean currency and serve as a visual celebration of the nation’s heritage.

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The Broader Significance of Currency Design

Currency design is more than an aesthetic choice; it reflects a nation’s values, history, and aspirations. By featuring these historical figures, South Korea honors its rich intellectual and cultural legacy while inspiring future generations. The inclusion of scholars, a monarch, and an artist underscores the diversity of achievements that have shaped Korea’s identity.

Conclusion

The Korean won serves as a tangible link to the country’s past, celebrating the individuals who contributed to its intellectual, cultural, and moral foundations. Figures like Yi Hwang, Yi I, King Sejong, and Shin Saimdang represent different facets of Korea’s rich history—from philosophical inquiry and practical governance to scientific innovation and artistic expression.

Through these banknotes, South Korea not only pays homage to its heritage but also conveys to the world its respect for education, culture, and leadership. The next time you hold a Korean won, take a moment to reflect on the remarkable stories behind the portraits—they’re a reminder of the enduring legacy of Korea’s historical and cultural icons.

Related Topics:

  • Is South Korean Won a Restricted Currency?
  • What Countries Use South Korean Won?
  • Current Exchange Rate: 1,000 South Korean Won in Chinese Yuan
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Elena

Elena

Elena, a seasoned foreign exchange trader with a proven track record in the dynamic world of currency markets, brings a wealth of expertise and professionalism to the financial realm. With an extensive background spanning over a decade, she has honed her skills in analyzing global economic trends and implementing strategic trading solutions. Known for her meticulous attention to detail and analytical prowess, Elena has navigated through volatile market conditions with finesse, consistently delivering impressive results for her clients. Her comprehensive understanding of macroeconomic indicators, coupled with a keen awareness of geopolitical events, allows her to make informed decisions that optimize trading portfolios. Elena's commitment to staying ahead of the curve is evident in her continuous pursuit of knowledge and mastery of cutting-edge trading technologies. Her disciplined approach to risk management ensures prudent investment strategies, instilling confidence in both colleagues and clients alike.

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