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.
Orders and medals of North Korea
The award system of the Democratic People's Republic of Korea (North Korea) was initially created less than one month after the foundation of the Republic. During the years of Japanese Occupation of North Korea, many of the future leaders fled to the Soviet Union. During World War II many if not close to all party leaders and KPA commanders served in the Soviet Army and as such adopted many of the Soviet Awards criteria for their own. During the late 1940s and until the Sino-Soviet Split in late 1958, orders and titles were made in the Soviet Money Mints in Moscow or Leningrad. Soviet made awards were modeled after Soviet orders and made of sterling silver. Initially the Orders were attached to clothing with a screw-plate, but after Soviet production stopped, production was moved to North Korea. The screwback was replaced with a pin and the silver content was replaced with cheap tin. With the exception of a few examples of modern orders, Soviet and Czech KPA awards are the most sought after in current militaria markets.Honorary titles include: