Talk:North Korean won

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Comments[edit]

Basically, I was stumbled upon the fact that Central Bank of the Democratic People's Republic of Korea does not have an internet website, or does it?? Dunger99us (talk) 19:38, 4 June 2008 (UTC)

The central bank of the DPRK has no website. There are hardly any North Korean websites, mostly unofficial "fan sites" made by western juche enthusiasts 80.220.104.62 (talk) —Preceding comment was added at 17:28, 5 June 2008 (UTC)

Am curious - I have seen eBay auctions state that it's illegal to take the currency out of the country - can anybody confirm this, and if true, perhaps it should be added to the article? - User:Junglizt1210 - 16:40 UTC, April 1st, 2006.

It probably is illegal to take the currency out of the country as it was a policy also of the Soviet sphere - to prevent communist and capitalist economic exchanges from being intertwined or having any kind of reciprocation... As they were separate systems... Stevenmitchell (talk) 16:53, 5 December 2009 (UTC)

As with the article about the South Korean won, I believe the pronunciation of "won" is /wɑn/ as opposed to the past tense of "to win".

/wɑn/ is the common pronunciation in English, but not in Korean. In Korean, it is, in fact, /wʌn/. /wɑn/ is a hypercorrection. Nik42 02:20, 10 July 2006 (UTC)

Coins?[edit]

Do the coins actually circulate? The article states that the won's value is believed to be about that of the South Korean won, which would indicate that even 1 won would be nearly worthless. In addition, the fact that there's the largest bill is 500,000 times the value of the smallest coin makes the worth of that coin rather questionable, unless the 5,000-won bill is ridiculously high-value Nik42 02:20, 10 July 2006 (UTC)

Anything about North Korea is a myth. But I can tell you this: US$12.5 is a reasonable price on the collector's market for a 5000 North Korean won. so that means the face value of 5000 won is probably $6, which translates to 833 won per USD. I can't really give a definitive answer, but I would't be surprised if 1 won coin (= 0.1 US cent) is still used. --Chochopk 03:04, 10 July 2006 (UTC)
Correction: 10000 South Korean won is sold for $16 by the same vendor, and 5000 won for $10, so by linear interpolation, 5000 N. won is appoximately 7083 S won. And because the face value-collector price relationship is never linear (concave actually), and NK won is supposedly rarer, so the face value of 5000 N. won would be lower than 7083 S. won, which makes it right to say that 1 NK won is about 1 SK won. Nevertheless, 1 N. won is still approx. 0.1 US cent. --Chochopk 04:00, 10 July 2006 (UTC)

1 won is, according to the article, about 0.46 Euro cent. 1 chon would, therefore, be about 0.0046 Euro cent. It's hinging on the point where the coin is worth more as raw metal than as currency (see Zimbabwe dollar). JIP | Talk 18:28, 17 October 2006 (UTC)

Forget about the Zimbabwe dollar; pre-1982 US pennies are worth 1.5 cents, and the new ones 0.44 cents. Googling around says that zinc is less than four times as expensive as about any other metal by weight or volume, so once you hit a coin being worth a tenth a US cent, or about 0.07 Euro cents, the metal would cost more than the face value. It's not hinging; it's way below the point.--Prosfilaes (talk) 01:42, 5 December 2009 (UTC)
Still, that's a huge range in value between the lowest coin and the highest note.--Jack Upland (talk) 00:47, 11 December 2015 (UTC)

Pictures[edit]

How come there aren't any pictures of the bills? Jorobeq 06:45, 10 September 2006 (UTC)

Copy right laws are hard to find. If there are acceptable tags (or if you create one, I will be happy to upload) --ChoChoPK (球球PK) (talk | contrib) 06:22, 11 September 2006 (UTC)
I'll try because I have some NK bills of my own i wanted to upload Jorobeq 07:17, 11 September 2006 (UTC)

Coins[edit]

So what evidence is there for a 10, 50 and 100 Won? Is there any pictures on the web to see? Enlil Ninlil 03:50, 10 November 2006 (UTC)

Search on ebay with "North Korea Digga". --ChoChoPK (球球PK) (talk | contrib) 14:16, 10 November 2006 (UTC)

It's probable that the 1-50 chon (and 1 won) coins have been out of circulation for years - same goes for banknotes under 100 won. — Preceding unsigned comment added by 80.223.167.149 (talk) 16:03, 15 July 2007 (UTC)

Here are the pictures of 50 and 100 won. 84.248.115.9 (talk) 14:38, 11 December 2007 (UTC)

Current value[edit]

This auction on eBay shows that a bundle of 5000 won × 100 starts at US$260. If that price is higher than "face value", the that means $1 could buy 1923 won or more. (But eBay isn't really an encyclopedic reference). --ChoChoPK (球球PK) (talk | contrib) 02:59, 11 January 2007 (UTC)

date of introduction[edit]

The date on the was recently changed to 1947. A new article History of the Korean currencies says that North Korea continued using the old currency, Korean yen, for 2 years. The reference [1] says during these 2 years, the North and South Korea used the same currency, but didn't say what. So is it won or yen? --ChoChoPK (球球PK) (talk | contrib) 02:01, 6 February 2007 (UTC)

There is another source. But beware that Global Financial Data sometime makes mistakes. --ChoChoPK (球球PK) (talk | contrib) 02:05, 6 February 2007 (UTC)


Small coins[edit]

The 0.01 - 1 won coins should be removed from the tables, since they are out of circulation. Also the star system is no longer used on coins. —Preceding unsigned comment added by 80.220.113.212 (talk) 23:26, 26 December 2007 (UTC)

10,000 won banknote[edit]

Can anyone confirm its existance? My uncle just recently visited North Korea and never managed to see one in circulation (Highest being 5,000 Won), he even asked the banks and they all denied its existance. Rubycored (talk) 02:27, 26 December 2008 (UTC)

No one can confirm its existance, because there is no such thing as a 10000 won banknote. 87.249.59.165 (talk) 10:17, 13 June 2009 (UTC)

Korean Won revalued[edit]

as of 30 November 2009 - North Korea changed their currency at 100 won to 1 new won (source: http://www.dailynk.com/english/read.php?cataId=nk01500&num=5719 ) , would any one happen to know anything about possible new denominations? Rubycored (talk) 19:00, 30 November 2009 (UTC)

In my opinion I would recommend give a few days for reliable sources to confirm it. it may be likely that the designs may be similar sans the two zeroes. --Marianian(talk) 19:17, 30 November 2009 (UTC)

wording[edit]

"₩100,000 in ₩1,000 notes (worth approximately US$40 "

Which is worth $40, 100,000 total or each 1,000 note? RJFJR (talk) 14:30, 3 December 2009 (UTC)

I think it meant the whole 100,000 won being worth $40 Rubycored (talk) 10:55, 4 December 2009 (UTC)

revaluation kind of an old Stalinist trick[edit]

On December 14th 1947, Stalin decreed the demonetization of the then highest-value circulating Soviet ruble note in such a way that it wiped out most of the savings that peasants had accumulated during the WW2 years, while affecting most city-dwellers less severely. This was a rather cynical maneuver to avoid having to give peasants much in return when they handed over the bulk of their agricultural products to the Soviet state... AnonMoos (talk) 15:55, 3 December 2009 (UTC)

WP:FORUM. -- 李博杰  | Talk contribs email 11:14, 4 December 2009 (UTC)
Whatever, it's a strong historical parallel. AnonMoos (talk) 13:46, 4 December 2009 (UTC)
That does not alter WP:FORUM. -- 李博杰  | Talk contribs email 01:09, 10 December 2009 (UTC)

New banknotes and coins[edit]

It is now confirmed that the new Won have 1, 5, 10, 50 Chon and 1 Won coins, and banknotes in 5, 10, 50, 100, 200, 500, 1000, 2000, 5000 won you can see some of them here: http://www.dailynk.com/english/read.php?cataId=nk03100&num=5743 They look very similar to the old notes, though Rubycored (talk) 10:50, 4 December 2009 (UTC)

In The News[edit]

Shouldn't the brief pertaining to this "In The News" article have a quick reference to a specific article dedicated to the issue in the news as is the traditional (wow already a tradition!) approach to the placement of "In the News" articles...? An example of such a quick internal referent would be http://en.wikipedia.org/wiki/North_Korean_w%C5%8Fn#2009_revaluation? Isn't this a standard procedure for posting? Stevenmitchell (talk) 17:06, 5 December 2009 (UTC)

Requested move[edit]

The following discussion is an archived discussion of a requested move. Please do not modify it. Subsequent comments should be made in a new section on the talk page. No further edits should be made to this section.

The result of the move request was page moved. Vegaswikian (talk) 06:25, 13 December 2009 (UTC)



North Korean wŏnNorth Korean won — This was randomly moved to a title with a diacritic, presumably because the topic happens to be in the news this week. Of course the corresponding templates weren't modified, and of course no thought was given about what to do with South Korean won, South Korean won (1945), Korean won, etc. Well, I'm here to help us think through those issues. I don't strongly object to using wŏn, but if we are to do so, it should be in the context of a wider move, for consistency. -- Biruitorul Talk 17:48, 5 December 2009 (UTC)

  • Agreed - There is no reason to use the word "wŏn" with a diacritic. It makes little, if any, difference in indicating its pronunciation in English. Also, the word "won" has been typically used to represent the Korean currency in the English language. - Crescent8 (talk) 01:07, 6 December 2009 (UTC)
  • Support the move towards North Korean won per COMMONNAME and USEENGLISH. Flamarande (talk) 04:28, 13 December 2009 (UTC)
  • Support, nowhere else have I seen the won being spelt with a diacritic in the English language. Nohomers48 (talk) 05:11, 13 December 2009 (UTC)
The above discussion is preserved as an archive of a requested move. Please do not modify it. Subsequent comments should be made in a new section on this talk page. No further edits should be made to this section.

New Pictures of the won ?[edit]

can someone put pictures of the bills and coins of the new Won ? Craigzomack (talk) 01:01, 6 December 2009 (UTC) Craig Zomack

The new notes are not out in circulation yet, the only available images are from news articles around the net and i am sure they are copyrighted... Rubycored (talk) 11:42, 6 December 2009 (UTC)

1978 banknote variations[edit]

Could someone be able to supply with the reference/proof for the information stated in the box regarding the 5 different varieties from 1978 banknote series? It is completely different to the info stated in SCWPM (except the very first variety) and I want to be sure that what's written in the article in true and confirmable. Rubycored (talk) 08:34, 11 December 2009 (UTC)

Currency code?[edit]

What is the currency code for the new (2009) won? —Preceding unsigned comment added by 212.247.11.156 (talk) 22:32, 18 December 2009 (UTC)

It shouldn't change. It's not an official change of currency in it's own part, just a renumeration. -- 李博杰  | Talk contribs email 00:16, 19 December 2009 (UTC)
But after a redenomination, currencies are supposed to get a new currency code. And I've understood that the North Korean government decided to perform a redenomination by dropping two zeroes. (212.247.11.156 (talk) 23:32, 20 December 2009 (UTC))

images of banknote[edit]

Here is a website worth looking at for possible images of banknotes: http://www.panix.com/~clay/currency/North-Korea.html . I am unclear on who Clay is, but I have not made contact to ask where do the images come from. But the website is valuable in the sense we can put eyeballs on the notes and verify what images are on them. For example, the article had a notation that the Flower Girl on the 1992 1 won note was a particular opera star. I deleted the notation because there was no verification that I could find. --S. Rich (talk) 15:16, 16 March 2011 (UTC)

File:North Korean won.jpg Nominated for Deletion[edit]

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Can we please change the "like many other socialist states" part to "like many other self-declared socialist states"?[edit]

A country that claims to be socialist doesn't always follow real socialism (worker-control of the means of production). Socialistguy (talk) 21:17, 17 July 2016 (UTC)