Bank Of Chōsen
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Bank Of Chōsen
The Bank of Chōsen (, ''Joseon Eunhaeng''), known from 1909 to 1911 as the Bank of Korea ( ''Kankoku Ginkō'', ''Hanguk Eunhaeng'') and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as being a commercial bank, with significant operations beyond Korea until 1945. Formed in 1909 by reorganization of the former Korean operations of Japan's Dai-Ichi Bank, it issued the Korean yen from 1910 to 1945. Its seat was initially established in Seoul (known at the time as Hanseong, then Keijō), relocated to Tokyo in May 1924, and subsequently relocated back to Keijō. It has been described as "a primary component of Japanese foreign expansionism". Following the division of Korea in 1945, the Bank of Chōsen was succeeded in North Korea by the Central Bank of the Democratic People's Republic of Korea, Central Bank of the DPRK. In South Korea, it continued its activity and issued the South Korean won (1945–19 ...
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Bank Of Issue
A bank of issue, also referred to as a note-issuing bank or issuing authority, is a financial institution that issues banknotes. The short-lived Stockholms Banco (1657-1667) printed notes from 1661 onwards and is generally viewed as the first-ever bank of issue. Banks of issue are thus a more recent creation than transfer or giro banks, which create money in accounts on a ledger, the oldest recorded being the Taula de canvi de Barcelona established in 1401. In many countries and particularly during the 19th century, several banks were authorized to issue notes that had simultaneous status as legal tender. The authorization, often referred to as the issuance privilege, was generally granted by the government on a bank-specific basis and for a limited period of time. During the 20th century, the role of bank of issue has been increasingly assumed by central banks in their respective territorial jurisdictions. In the 21st century, "bank of issue" and "central bank" have become e ...
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Ichihara Morihiro (restored)
Ichihara may refer to: * Ichihara (surname), a Japanese surname * Ichihara, Chiba, a city in Japan ** JEF United Ichihara Chiba , full name and also known as , is a Japanese professional football club based in Chiba, capital of Chiba Prefecture. They currently play in the J2 League, Japanese second tier of professional football. History Furukawa Electric SC (19 ..., the city's football club * Ichihara Station, a train station in Kyoto, Japan {{disambiguation ...
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Kaesong
Kaesong (, ; ) is a special city in the southern part of North Korea (formerly in North Hwanghae Province), and the capital of Korea during the Taebong kingdom and subsequent Goryeo dynasty. The city is near the Kaesong Industrial Region close to the border with South Korea and contains the remains of the Manwoldae palace. Called Songdo while it was the ancient capital of Goryeo, the city prospered as a trade centre that produced Korean ginseng. Kaesong now functions as North Korea's light industry centre. During the Japanese occupation from 1910 to 1945, the city was known by the Japanese pronunciation of its name, "Kaijō". Between 1945 and 1950, Kaesong was part of South Korea and under its control. During the Korean War, North Korea captured the city, and the 1953 Korean Armistice Agreement left the city under North Korean control. Due to the city's proximity to the border with South Korea, Kaesong has hosted cross-border economic exchanges between the two countrie ...
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Incheon
Incheon is a city located in northwestern South Korea, bordering Seoul and Gyeonggi Province to the east. Inhabited since the Neolithic, Incheon was home to just 4,700 people when it became an international port in 1883. As of February 2020, about 3 million people live in the city, making it South Korea's third-most-populous city after Seoul and Busan. The city's growth has been assured in modern times with the development of its port due to its natural advantages as a coastal city and its proximity to the South Korean capital. It is part of the Seoul Metropolitan Area, along with Seoul itself and Gyeonggi Province, forming the world's fourth-largest List of metropolitan areas by population, metropolitan area by population. Incheon has since led the economic development of South Korea by opening its port to the outside world, ushering in the modernization of South Korea as a center of industrialization. In 2003, the city was designated as South Korea's first free economic zon ...
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Hamhung
Hamhŭng (''Hamhŭng-si''; ) is North Korea's List of cities in North Korea, second-most populous city, the capital of South Hamgyong, South Hamgyŏng Province and the 16th largest city in the Korea, Korean Peninsula. Located in the southern part of the South Hamgyong province, Hamhung is the main and most populous metropolitan area in the province. Hamhung was Urban planning, centrally planned and built by the government of North Korea. Administrative divisions Hamhŭng is Administrative divisions of North Korea#Second-level divisions, divided into 7 ''guyŏk'' (wards): Geography Hamhŭng is on the left branch of the Chongchon River, Ch'ŏngch'ŏn River, on the eastern part of the Hamhŭng plain (), in South Hamgyŏng Province, northeast North Korea. Its highest point is Mount Tonghŭng, which is high. Climate Hamhung has a humid continental climate (Köppen climate classification: ''Dwa''), with warm, humid summers, and moderately cold, dry winters. Being located by the S ...
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Gunsan
Gunsan (; ), also romanized as Kunsan, is a Administrative divisions of South Korea, city in North Jeolla Province, South Korea. It is on the south bank of the Geum River just upstream from its exit into the Yellow Sea. It has emerged as a high-tech manufacturing industrial city and an international trade seaport that is approximately southwest of Seoul on the midwest coast of the Korean Peninsula. Kunsan Air Base operated by the United States Air Force is in the city. To encourage investment, a free trade zone has been declared. History Gunsan was a small fishing village on the banks of the Geum River, near where the river spills into the Yellow Sea. It sits on the fertile western ''Honam'' plain where much rice is harvested. Gunsan became a port in the late 19th century largely due to pressure from the Japanese on the Koreans to ship rice to Japan. In 1899, Gunsan Port officially opened up to international trade. Gunsan was largely settled by Japanese during the period of th ...
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Daegu
Daegu (; ), formerly spelled Taegu and officially Daegu Metropolitan City (), is a city in southeastern South Korea. It is the third-largest urban agglomeration in South Korea after Seoul and Busan; the fourth-largest List of provincial-level cities of South Korea, metropolitan city in the nation with over 2.3 million residents; and the second-largest city after Busan in the Yeongnam Regions of Korea, region in southeastern South Korea. Daegu and the surrounding North Gyeongsang Province are often referred to as Daegu-Gyeongbuk, with a total population of over 5 million. Daegu is located in south-eastern Korea about from the coast, near the Geumho River and its mainstream, Nakdong River in Gyeongsang Province. The Daegu basin is the central plain of the Yeongnam List of regions of Korea, region. In ancient times, the Daegu area was part of the proto-kingdom Jinhan. Subsequently, Daegu came under the control of the Silla Kingdom, which unified the Korean Peninsula. During th ...
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Chinnampo
Nampo (North Korean official spelling: Nampho; ), also spelled Namp'o, is a major city in North Korea which is the country's fourth-largest by population. The city is an important seaport in the country as it lies on the northern shore of the Taedong River estuary, 15 km east of the estuary's mouth. Formerly known as Chinnamp'o, it was a provincial-level "Directly Governed City" ("Chikhalsi") from 1980 to 2004, and was designated a "Special City" ("T'ŭkpyŏlsi", 특별시; 特別市) in 2010. Nampo is approximately 50 km southwest of Pyongyang, at the mouth of the Taedong River. Since North Korean independence, the city has developed a wide range of industry and has seen significant recent redevelopment. History Before formation of North Korea The city belonged to Gojoseon until the Three Kingdoms era, when it was taken by Goguryeo. During this time, the city was part of Sogyong (now Pyongyang) until the Goryeo dynasty, when in the aftermath of the Myocheong r ...
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Busan
Busan (), officially Busan Metropolitan City, is South Korea's second list of cities in South Korea by population, most populous city after Seoul, with a population of over 3.3 million as of 2024. Formerly romanized as Pusan, it is the economic, cultural and educational center of southeastern South Korea, with its port being South Korea's busiest and the sixth-busiest in the world. The surrounding "Southeastern Maritime Industrial Region" (including Ulsan, South Gyeongsang Province, South Gyeongsang, Daegu, and part of North Gyeongsang Province, North Gyeongsang and South Jeolla Province, South Jeolla) is South Korea's largest industrial area. The large volumes of port traffic and urban population in excess of 1 million make Busan a Large-Port metropolis using the Southampton System of Port-City classification. As of 2019, Busan Port is the primary port in Korea and the world's sixth-largest container port. Busan is divided into 15 major administrative districts and a single co ...
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Bank Of Taiwan
The Bank of Taiwan (BOT; ) is a commercial bank headquartered in Taipei, Taiwan. It was established in 1897-1899 as a Japanese policy institution or "special bank", similarly as the Nippon Kangyo Bank (est. 1897), Hokkaido Takushoku Bank (est. 1900), Industrial Bank of Japan (est. 1902), and Bank of Chōsen (est. 1909). Its aim was to finance industrial demand in Japanese-ruled Taiwan and also to promote trade between South China, Southeast Asia and the Japanese possessions in the Pacific. The Bank of Taiwan was the main issuer of banknotes on the island from 1899 to 1961, when that role was taken over by the Central Bank of China. Having lost its former role as a bank of issue, it remains owned by the Government of the Republic of China. History Japanese colonial bank The Bank of Taiwan's creation was authorized in 1897 by the Bank Act of Taiwan which also encouraged Japanese enterprises, such as the Mitsubishi and Mitsui Groups, to invest in Taiwan. It started opera ...
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Bank Of Japan
The is the central bank of Japan.Louis Frédéric, Nussbaum, Louis Frédéric. (2005). "Nihon Ginkō" in The bank is often called for short. It is headquartered in Nihonbashi, Chūō, Tokyo, Chūō, Tokyo. The said bank is a corporate entity independent of the Government of Japan, Japanese government, and while it is not an Administrative organisation, administrative organisation of the state, its monetary policy falls within the scope of administration. From a Macroeconomics, macroeconomic perspective, long-term stability of prices is deemed crucial. However, the political sector tends to favour short-term measures. Thus, the bank's autonomy and independence are granted from the standpoint of ensuring long-term public welfare and political neutrality. History Background Like most modern Japanese institutions, the Bank of Japan was founded after the Meiji Restoration. Prior to the Restoration, Japan's feudal fiefs all issued their own money, ''Scrip of Edo period Japan, ha ...
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Shibusawa Eiichi
was a Japanese industrialist widely known today as the "father of Japanese capitalism", having introduced Western capitalism to Japan after the Meiji Restoration. He introduced many economic reforms including use of double-entry accounting, joint-stock corporations and modern note-issuing banks. He founded the first modern bank based on joint stock ownership in Japan. The bank was aptly named The First National Bank (''Dai Ichi Kokuritsu Ginkō'', now merged into Mizuho Bank) and had the power to issue its own notes. Through this bank, he founded hundreds of other joint stock corporations in Japan. Many of these companies still survive to this day as quoted companies in the Tokyo Stock Exchange, which Shibusawa also founded. The Japanese Chamber of Commerce and Industry was founded by him as well. He was also involved in the foundation of many hospitals, schools, universities (including the first women's university), the Imperial Hotel in Tokyo and charitable organizations in ...
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