This is the money issued by the North Korean Government. In 1950-51 while I was there the exchange rate was 6,000 Won to the U.S. Dollar. Thus it would take 60 of these 100 Won bills to make a dollar. I used a 1,000 South Korean bill to pay for a haircut and shave and received 970 Won in exchange. I had argued to reduce the price from 60 Won to 30 Won. Afterwards I realized I had cut the price from one-cent U.S. to 1/2 of a cent U.S. a savings of 1/2 of a cent. But it was important for us not to inflate the prices for the town, as we were the only military for some 50 miles. We paid a 1/12 of a cent for a chicken. A road to the top of our hill and two houses cost us $1.50 U.S. The words on the front of the bill read in Korean, "Won Pek" or 100 Won. On the back of the bill they have reversed the words to read "Pek Won". The mountain is Pekto San, the highest mountain in both Koreas. The words to the left of the people are in Chinese characters. Only the big writing is in Korean Language. The Korean Language has only 24 letters and was easy for me to learn. Most of the bills seemed to be somewhat ragged like this one.