World of Coins

Modern Asian coins, pseudo coins and trade tokens => Japan, North and South Korea => Topic started by: eurocoin on November 10, 2020, 02:31:51 PM

Title: South Korea likely to redesign its 100 won coin
Post by: eurocoin on November 10, 2020, 02:31:51 PM
South Korea is seriously considering to release a new standard circulating 100 won coin. In 2009 an investigation found that the portrait of Admiral Yi Sun-sin that can be seen on the reverse of the coin is a copy of a painting by a pro-Japanese collaborator. It was also found that the portraits of several South Koreans that can be seen on the South Korean banknotes of 5000, 10,000 and 50,000 won were also based on paintings of pro-Japanese collaborators. These banknotes will likely be amended too.

As for the 100 won coin it is not yet known if the possible new coin will feature a different portrait of Admiral Yi Sun-sin or whether someone or something else will be depicted on the reverse of the coin.

The current South Korean 100 won coin:

(https://en.numista.com/catalogue/photo1052.jpeg)
Title: Re: South Korea likely to redesign its 100 won coin
Post by: Pabitra on November 10, 2020, 03:13:10 PM
See

http://www.koreaherald.com/view.php?ud=20201110000766
Title: Re: South Korea likely to redesign its 100 won coin
Post by: FosseWay on November 11, 2020, 08:08:56 AM
I thought a few years ago that South Korea had announced its intention to phase coins out altogether.
Title: South Korea likely to redesign its 100 won coin
Post by: Bimat on November 11, 2020, 09:50:41 AM
I thought a few years ago that South Korea had announced its intention to phase coins out altogether.

Yeah, my uncle spent close to six months in Seoul few years back and he didn't see much coins circulating...

Aditya

Title: Re: South Korea likely to redesign its 100 won coin
Post by: Pabitra on November 11, 2020, 10:39:40 AM
I thought a few years ago that South Korea had announced its intention to phase coins out altogether.
Intentions do not always turn in to ground reality.
Title: Re: South Korea likely to redesign its 100 won coin
Post by: chrisild on November 11, 2020, 11:20:10 AM
Besides, that Korea Herald article says that three of the banknote portraits are also based on paintings done by "collaborators".

What I find interesting is that the coins shows a "naval hero (...) who scored dramatic victories against Japanese invaders in the southern seas". So it is not the theme of the coin and notes that is under scrutiny but the way the theme is depicted?

Christian
Title: Re: South Korea likely to redesign its 100 won coin
Post by: Pabitra on November 12, 2020, 09:11:40 AM
See

https://koreajoongangdaily.joins.com/2020/11/11/business/economy/coin-Bank-of-Korea/20201111190700452.html

It may take 4 to 5 years