Before 1945 the monetary circulation in Korea was controlled by the japanese authorities, and both korean and japanese yen were
in use. In 1947 the new currency - the won - was introduced. In 1959 there was redenomination of the currency at 1:100 ratio.
Since 1983 the foreign visitors can only obtain currency certificates in the won for purchasing goods. It is strictly prohibited to
take the north korean currency outside the country. 1 won equals 100 chon.