Bank of Chōsen
[3] Following the Japan–Korea Treaty of 1905 which reduced the Korean Empire to a Japanese protectorate, the dominant status which Dai-Ichi Bank had enjoyed in Korea since 1878 became a matter of debate in Japan.[1]: 76 A debate ensued between Itō and the Japanese finance ministry, with the latter favoring the creation of a Korean branch of the Bank of Japan over that of a stand-alone colonial institution over which Tokyo would have less direct control.[1]: 81 Eventually Itō's position won the debate, and the finance ministry rationalized the decision as preferable to preserve financial stability.[1]: 84-85 Dai-Ichi Bank kept its branches in Seoul and Busan but later in 1909 transferred all its other Korean branches and offices to the Bank of Korea, totalling 220 regular employees and 121 support staff in Chinnampo, Daegu, Gunsan, Hamhung, Incheon, Kaesong, Kyongsong, Masan, Mokpo, Pyongyang, Songjin, Wonsan, and across the Yalu River in Andong.[4] The new institution's first president was Ichihara Morihiro [ja], a former mayor of Yokohama who had joined Dai-Ichi Bank in 1906 to run its Korean network and kept the position until his death in October 1915.Its monetary role was modelled on that of the Bank of Japan, with the key difference that it was allowed to use BOJ banknotes as currency reserve alongside gold and silver.Its banknotes had legal tender status in Korea and also in the Kwantung Leased Territory and the South Manchuria Railway Zone;[1]: 95 they could be exchanged one-to-one with those of the Bank of Japan.[1]: 196 In December 1917, it took over Manchurian operations of the Yokohama Specie Bank, including its issuance privilege and branches in Lüshun, Liaoyang, Tieling and Andong, while acting as a fiscal agent for the Japanese government in the Kwantung Leased Territory.[1]: 129 In February 1924, new legislation deprived the Governor-General of Chōsen of his prior role in the governance of the bank, which came under the sole supervision of the Ministry of Finance.
RomanizationHangulRevised RomanizationMcCune–ReischauerJapaneseromanizedKoreanbank of issueKorea under Japanese rulecommercial bankDai-Ichi BankKorean yenHanseongKeijōdivision of KoreaNorth KoreaCentral Bank of the DPRKSouth KoreaSouth Korean wonBank of KoreaNippon Fudosan BankJapan–Korea Treaty of 1905Korean EmpireItō HirobumiShibusawa EiichiBank of JapanBank of TaiwanChinnampoGunsanHamhungIncheonKaesongKyongsongPyongyangSongjinWonsanYalu RiverAndongBank of Korea's head officeYokohamaKeijō Post OfficeJongnoSeoul City HallJapan–Korea Treaty of 1910joint-stock companyGovernor-General of Chōsenlegal tenderKwantung Leased TerritorySouth Manchuria Railway ZoneMukdenDalianChangchunSipingKaiyuanHarbinYingkouFujiadianLongjingzunQingdaoZhengjiatunShanghaiManzhouliQiqiharFengtian governmentYokohama Specie BankLüshunLiaoyangTielingfiscal agentJapanese intervention in SiberiaKhabarovskVladivostok1923 Great Kantō earthquakeShimonosekiCentral Bank of Manchoujoint ventureManchukuoEast Hebei Autonomous GovernmentSecond Sino-Japanese Warsurrender of Japan38th parallelSinuijuChongjinRed ArmySoviet Armed ForcesCentral Bank of the Democratic People's Republic of KoreaU.S. Army Military GovernmentJoseon Industrial BankChohung BankNippon Credit BankAozora BankTatsuno KingoKorean WarBank of Korea Money MuseumShenyangTianjinShōda KazueEighteenth BankChôsen Industrial BankList of central banksEmpire of JapanJapanese Korean ArmyChōsen Art ExhibitionChosun ExhibitionColored Clothes CampaignOffice of the Yi DynastySōshi-kaimeiShinto in KoreaState ShintoHwacheon DamSup'ung DamChōsen Anthracite CompanyChōsen Government RailwayChosen RailwayOriental Development CompanyComfort womenSakhalin KoreansAso Mining forced labor controversyHashima IslandKorean Women's Volunteer Labour CorpsSado IslandUtoro, Uji105-Man IncidentMarch First MovementJeamri MassacreBattle of Fengwudong