North Korea
North Korea has the structural profile of a relatively industrialized country where nearly half of the Gross Domestic Product is generated by industry and human development is at medium levels. Purchasing power parity (PPP) GDP is estimated at $40 billion, with a very low per capita value of $1,800. In 2012, Gross national income per capita was $1,523, compared to $28,430 in South Korea. The North Korean won is the national currency, issued by the Central Bank of the Democratic People's Republic of Korea.
Korean won
The won was introduced in 1902, replacing the yang at a rate of 1 won = 5 yang. Units: 1 won = 100 chon/銭, 1 chon = 5 poon/分(fun ec. yesteryear spellings) of the preceding currency. In 1909, the Bank of Korea (한국은행; 韓國銀行) was founded in Seoul as a central bank and began issuing currency of a modern type. The won was equivalent to the Japanese yen and was replaced by the Korean yen in 1910 during the Colonial Era. In 1910, the Bank of Korea was renamed the Bank of Joseon (; 朝鮮銀行), which issued notes denominated in yen and "sen".