Korean currency
In 1902, won was introduced as the official currency unit replacing yang at 1 won = 5 yang. The bank of Korea was established 1909 but soon after in 1910, Imperial Japan annexed Korean Empire. Under Colonial rule, the country was made to use the currency unit "yen" in the name of Korean yen, which took over the Korean won at par. After the division of Korea, the state of South Korea was established and recognized in 1948, and won was again made the official currency of the new state. "jeon" was made the subunit of the currency that divided it into 100 equal parts. Bank of Joseon issued the currency for independent South Korea for the first time that too in banknotes only.
Korea
Korean is the official language of both North and South Korea, and (along with Mandarin) of Yanbian Korean Autonomous Prefecture in the Manchuria area of China. Worldwide, there are up to 80 million speakers of the Korean language. South Korea has around 50 million speakers while North Korea around 25 million. Other large groups of Korean speakers through Korean diaspora are found in China, the United States, Japan, former Soviet Union and elsewhere.