Korean yang

The yang (양/兩) was the currency of Korea between 1892 and 1902. It was subdivided into 10 jeon (전/錢), 100 bun (분/分) and 5 yang = 1 hwan (환/圜).

Etymology

The word yang is a cognate of the Chinese "tael" (pronounced "liǎng" in Chinese). Fun (pronounced "pun" but spelt with an "f" on the coins), is also a cognate of a Chinese word, fen, which is equal to 1/100 yuan, whilst hwan is a cognate of yuan itself.

History

Just before the yang was introduced, a small number of coins denominated in hwan (환/圜) and mun (문/文) were minted (1 won = 1000 mun). It is unclear whether these coins circulated. The 1 won and 5 yang coins were equal in size, containing 416 grains of silver. However, before 1892, the main currency of Korea was the mun, a denomination based on the Chinese cash (Chinese: 文 wén).

The mintage and circulation of modern currency began during the last years of the old Korean Empire as a result of contact with the West. Around the time of the trial adoption of the gold standard in 1901, gold and silver coins were in circulation along with some Japanese bank notes.

Podcasts:

PLAYLIST TIME:

Nobody's Child

by: Karen Young

I was slowly passing
An orphan's home one day
And stopped there for a moment
Just to watch the children play
Alone a boy was standing
And when I asked him why
He turned with eyes that could not see
And he began to cry
I'm nobody's child, I'm nobody's child
Just like a flower I'm growing wild
No mommy's kisses and no daddy's smile
Nobody wants me, I'm nobody's child
People come for children
And take them for their own
But they all seem to pass me
And I'm left here alone
I know they'd like to take me
But when they see I am blind
They always take some other child
And I am left behind
I'm nobody's child, I'm nobody's child
Just like a flower I'm growing wild
No mommy's kisses and no daddy's smile
Nobody wants me, I'm nobody's child
No mommy's arms to hold me
Or soothe me when I cry
Sometimes it gets so lonely
I wish that I could die
I'd walk the streets of heaven
Where all the blind can see
And just like all the other kids
There'd be a home for me
I'm nobody's child, I'm nobody's child
Just like a flower I'm growing wild
No mommy's kisses and no daddy's smile
Nobody wants me, I'm nobody's child




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