The History of Korea's Monetary System

Bank of Korea Money Museum

한국은행 화폐박물관

Money makes the world go round but learning about how monetary systems work can actually get quite complicated and boring. In fact, considering how important money is to each and every one of our lives, it's quite shocking to think that so few people fully grasp how the whole system works. But this is where the Bank of Korea Money Museum steps in. Occupying the former headquarters of Korea's central bank, the Money Museum provides guests with simple, interactive explanations of how Korea's monetary system functions, the role of the Bank of Korea, as well as a history of currency in Korea. It's a surprisingly fun, yet highly educational experience. 

 

The Money Museum resides in an old colonial-era building built all the way back in 1909, which originally housed the Bank of Joseon, the Japanese-administered central bank in Korea, and then the Bank of Korea following independence. The Bank of Korea soon outgrew this colonial-era building, and a larger office building was constructed behind the original in the 1980's. The original building was then granted historical landmark status in the 1980s and converted into a museum in 2001 to commemorate the Bank of Korea's 50th anniversary. 

 

The museum has two floors as well as a mezzanine space. The first floor hosts an introduction to the Bank of Korea, and sections on the creation and distribution of money called 'Life of Currency', the role of the Bank of Korea in the national economy, a currency gallery displaying all types of historical currency from around the world, and finally a history of monetary systems in Korea going back to the Three Kingdoms period. The mezzanine floor is home to the original boardroom of the Bank of Korea as well as the old office of the Governor of the Bank of Korea. There's also a VR set in the boardroom that transports you to the middle of a board meeting in the 1950's. On the second floor is a space for special exhibitions, a kids' zone, a replica vault filled with bank notes, and an interactive gallery of all the currencies of the world (except North Korea). 

Information

Company NameBank of Korea Money Museum (한국은행 화폐박물관)
Category Tour & Sightseeing Others
Phone02-759-4881, 02-759-4882
URLs Homepage
Languages Available English Japanese Chinese
Opening Hours10:00 - 17:00
Closed DaysMondays, Lunar New Year, Chuseok, Dec. 29 ~ Jan. 2

39 Namdaemun-ro, Jung-gu, Seoul, South Korea 39

Take Line 4 to Hoehyeon Station and go out Exit 7. -> Turn left and walk straight about 150 meters. -> Cross the street. Bank of Korea Money Museum will be in front of you.

Nearby Destinations

Review