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Claim to Abolish Coin Use and Resumption of Coin Issuance In the first half of the 18th century

The Choson Dynasty stopped issuing coins for a while after issuing large-scale coins during the great famine from 1695 to 1697. The suspension of coin issuance caused various problems, including a shortage of coins, over time. The biggest problem was the loan shark using coins. Farmers paid taxes by buying coins at high prices. Poor farmers borrowed coins and suffered heavy losses from excessive interest. The solution was largely divided into two. One was to eliminate all coins and not use them, and the other was to reduce the value of coins by supplying them in large quantities on the market. King Yeongjo was consistent in his position to get rid of coins. Coins were goods that should be lost that only caused great damage to the people. However, as the national finances became difficult due to poor harvests and infectious diseases, and the cost of relieving farmers was insufficient, the issuance of coins resumed. He changed his position for the sake of the people. From this period, King Yeongjo used coins for each major national policy and financial crisis. This became an important turning point for the use of coins to spread throughout the country after the late 18th century and to firmly establish itself as Choson's currency.