Money during the Korean War - 1950-52

4. South Korean 100 Won

This is the money issued by the South 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. This money was then issued in 1,000 Won notes. A hundred Won note is worth 1.6 cents. A 1,000 Won note is worth 16.6 cents. We paid the Korean workers who works for us 1,000 Won a day and they were happy to get the work. This particular note went out of service and I bought about a 4 inch stack of it at a Post Office just for the fun of it. I never did know who the old gentleman is on the bill. If you know tell me who it is.