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Korean mun
Hangul
Hanja
Revised Romanization mun
McCune–Reischauer mun
Sangpyeong Tongbo

The mun was introduced as the main currency of Korea in 1633 and stayed in use until 1892. It resembled and was derived from the Chinese wen (cognate also to the Japanese mon and Vietnamese van). Coins denominated in mun were cast in copper or bronze and were round with square holes. In 1888, coins were struck in small numbers denominated in mun and won (equal to 1000 mun). The mun was replaced in 1892 when the yang was introduced.

History[edit]

The first definitive record of currency use in Korea appears in the Goryeo period (918–1392). Early in that period, even though some imported Chinese currency was in circulation, commodity currency such as grain and linen continued in general circulation. In the 10th and 11th centuries, iron and copper coins along with silver vase-shaped coins were issued, but never widely circulated.

It was not until the beginning of the Joseon period (1392–1910) that copper coins were minted for wide circulation. Jeohwa (저화/), which was made of standardized mulberry-bark paper early in the Joseon period, become the first legal paper money and was used as a medium of exchange in place of coins until it disappeared in the early 16th century. From the 17th century until the end of the 19th century, coins denominated in mun bearing the inscription Sangpyeong Tongbo (상평통보, 常平通寶) were the most widely circulated currency.

See also[edit]

References[edit]

Preceded by:
No modern predecessor
Currency of Korea
? – 1892
Concurrent with: Chinese currencies
Succeeded by:
Korean yang
Reason: currency reform

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Korean_mun — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.

3 news items

 
Philippine Star
Thu, 16 Jan 2014 01:22:30 -0800

Korean Mun Jae Hyung skied to an 84 but still clung on to No. 18 at 246 while Tony Guerrero of the US stood at 247 after a 79. Honey Boy Pabonita, also of the US, and Korean Bong Jin Ho were tied at 248 after an 83 and 87, respectively, while Park Jin ...
 
AsiaOne
Fri, 04 May 2012 05:22:15 -0700

South Koreans Jeon Byungeuk, 24 and Kim Jae Hong, 27, had tried to bribe Geylang United mid-fielder and fellow South Korean Mun Seung Man, to not score against the Malaysian team. Jeon had told Mun that someone would give him $3,000 for not ...
 
Inquirer.net (blog)
Mon, 02 Jul 2012 07:04:36 -0700

RENE Herrera will head to the pre-Games training camp of the London Olympics clutching a silver medal from the Hong Kong Intercity Athletics Championships. Herrera lost the men's 5,000-meter gold to Korean Mun Jeong-ki, who timed 14 minutes 59.41 ...
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