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.
Korean units of measurement
Korean units of measurement, called cheokgwan-beop () or cheokgeun-beop () in Korean, is the traditional system of measurement used by the people of the Korean peninsula. It is largely based on the Chinese system, with influence from Japanese standards imposed following its annexation of the Korean Empire in 1910. Both North and South Korea currently employ the metric system. Since 2007, South Korea has criminalized the use of Korean units in commercial contexts but informal use continues, especially of the "pyeong" as a measure of residential and commercial floorspace. North Korea continues to use the traditional units, although their standards are now derived from metric conversions.