DESCRIPTION OF A 100-WON ECONOMIC DEVELOPMENT BOND ISSUED BY THE NORTH KOREAN PEOPLE'S REPUBLIC

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP80-00809A000600380429-4
• Release Decision: RIPPUB
• Original Classification: R
• Document Page Count: 2
• Document Creation Date: December 22, 2016
• Document Release Date: September 9, 2011
• Sequence Number: 429
• Publication Date: March 16, 1951
• Content Type: REPORT

Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600380429-4
CLASSIFICATION RESTRIGT~n ~"""~~`4~
CENTRAL INTELLIGENCE AGENCY REPORT
INFORMATION FROM
FOREIGN DOCUMENTS OR RADIO BROADCASTS CD NO.
COUNTRY Korea
SUBJECT Economic -Finance, bonds
HOW
PUSLISHLu
WHERE
DATE
PUB~;SHED
LANGUAGE
TNIf DOCUY[NT CONTAINS INfORY ATION A11(CTINf TN[ NATIONAL 0[ItNft
OS TM[ UNIT[D ETATU NITNIN TN[ YlANINO OY flIIO NADt ACT t0
Y. f. C., ]I AND fl, Af AY[N OID. ITf TRAXfYIl SIOX OR TM[ R[Y [CATION
Of ITS CONT[NTf IN ANY YANNtR TO AN UNAUTNO RI[tD I[RSON 16 IRO?
NI[ITtD 1T LAN. R[SRO DU CTION Of TNI] 10RY If TRO XIfiT[D.
DATE OF
INFORMATION 1950
DATE DIST.I~ Mar 1951
NO. OF PAGES 2
SUPPLEMENT TO
REPORT NO.
THIS IS UNEVALUATED INFORMATION
DESCRIi'rION OF A 100-WON ECONOMIC DEVELOPMEN?P BOND
ISSUED BY THE NORTH K[iitr;rur PEOPLE ?S REPOBLIC
The following is a deacrintion of a lOC-?won Pa:..pl~'s Economic Development
bond issued by the Democratic Fe~yle?e Re;maolic of Korea,
Democratic People's Republic of Karen State Bond for Development of the
People's Economy; Class 03, Drncmination 100 Won; Bond No 07; Series No ~39u;
issued in 195oa
The terms of issuance of the People?s Economic Development Bonds of the
Democratic People?e Republic of Korea;
The government of the Democratic People's Republic of Korea shall issue
People?s Economic,?Development Bonds; in the denominations of 50 won, 100 won
and 500 won, to the tatal amount of 1,500,000,000 won, with a maturity period
of 10 years, ce~encing 1 October 1950 and ending 1 October 1960,
Interest on the present boud will be paid in the form of a lotterye the
winners among holders of 100-won bonds will receive 1.50; 5~; 1,~7 5,~
10;000; 25,000; and 50,000 won; the winners among holders of 50-won bonds will.
receive half of the respective winning prizes for the 100-won bond; and those
holding the 500-won bonds will receive five times the respective prizes for
the 100-won bondso All prizes include the original purchase value of the bond,
At the end of the maturity period, the.,total amount of bonds subsacibed shall
be redeemed, the half thereof in lottery prizes and the balance in the original
purchase price of bond to those who did not win .in the lottesyo
STAT
Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600380429-4
 Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600380429-4
~~~~'~1CT~~
The dra;rings sha'1 take place once every 8 months, with s total of 15
drawings by the end of the maiurity period< The redemption of the bonds
not won in the lottery shall be made d~u?ing the 5,-year period commencing
1 December 1955
P.11 bonds shall be redeemed ~y not later than l April 1961> Nu claims
shall be accepted Por redemption thereaftera '
All income realized fYOm the bonds shall be exempted from both state and
provincial taxeso
STAT
RESTRIG~fID
Sanitized Copy Approved for Release 2011/09/14 :CIA-RDP80-00809A000600380429-4