These drafts were recognised as an easy way to transfer funds and would find their way into ordinary commerce of Korea at the time, despite this, the Korean government never issued any formal authorisation for the "Dai'ichi Kokuritsu Ginkō" to issue any paper money in Korea. While the "Dai'ichi Kokuritsu Ginkō" inspired many Korean businessmen to create their own banks based on it during the 1890s, but these Korean banks never started issuing their own banknotes. The Korean government did not issue any banknotes itself during this era. In the year 1893 the government established an exchange office ("Tai Whan Shou") which was to withdraw the old Korean mun coinage and exchange it for the new Korean yang currency. The government exchange office prepared notes which would function a type of receipt until the withdrawn Korean mun coins could be re-minted, but these banknotes were never issued. Only a few specimens of these exchange notes survived. Except for the Dai-ichi customs drafts, no other form of paper money would circulate in Korea until the turn of the century. In the year 1900, which was 8 years after the currency had been formally abolished, the Japanese-owned Keijo-Pusan Railway Company (경부철도 청부인조합) issued banknotes denominated in 50, 100, 300, and 500 mun. The Tong Sun Tai Hoa also issued a banknote with the denomination of 10.000 mun.