Bank of Korea Museum, Economics museum in Namdaemunno, South Korea
The Bank of Korea Museum is an economics museum in Namdaemunno that focuses on a large collection of banknotes, coins, and related items. The exhibition halls display objects from many countries and show how different cultures represent money.
The building was begun in 1907 for the First Bank's Seoul branch and completed in 1912 as the headquarters of the Bank of Chosen, the central bank during Japanese rule. After 1945 it housed the Bank of Korea, founded on 12 June 1950. The Bank moved its offices to a new building behind it in 1987, and the museum opened on 13 June 2001.
The granite for the facade was quarried outside Seoul's Heunginjimun Gate. The cornerstone inscription, long attributed to Ito Hirobumi, was confirmed as his handwriting in 2020; the Cultural Heritage Administration decided in 2021 to keep the stone as is and add an explanatory sign. The museum displays about 20,000 coins and notes from Korea and abroad.
The museum occupies the old Bank of Korea main building at 39 Namdaemunno, Jung-gu, a short walk from Hoehyeon Station on Line 4. It opens Tuesday to Sunday from 10:00 to 17:00 and closes on Mondays, 29 December to 2 January, and the Lunar New Year and Chuseok holidays. Admission is free.
The collection includes coins and notes from nearly every country in the world, including very old and rare items. Many visitors are surprised by how varied the ways of representing money are across different cultures and time periods.
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