Hoe (호, 戶) stands for HoeJeo (호조, 戶曹), Joseon's ministry of revenue.

[2] As inscribed, it was worth 100 mun, which values it 100 times more than ordinary yeopjeon, and it would soon cause fatal inflation in the Joseon economy.

So, the government needed to get a large amount of money to proceed that plans and Daewongun ordered to issue new Sangpyeong Tongbo cash coin with a denomination of 100 mun, called the DangBaekJeon, in Hoe Jeo (호조; 戶曹), Joseon's ministry of revenue.

[17] The next year, its distribution was stopped because of an appeal from Choe Ik-hyeon (최익현; 崔益鉉), a janglyeong (장령; 掌令) in Joseon Dynasty.

After its distribution had stopped, DangBaekJeon was exchanged with lower denomination Sangpyeong Tongbo cash coins or Chinese money (청전; 掌令) and was used in iron.

Like the earlier Dangbaekjeon, this denomination also caused a sharp decline in the value of coinage which brought a lot of turmoil to the Korean economy.

[19] The Dangbaekjeon is a good example of what happens when money is issued ignoring the real value and the nation's chances of guarantee.

When the era of Heungseon Daewongun passed and King Gojong started politics, the reduction in armaments brought Ganghwa Island incident.

In Korea, an old saying "Ttangjeon han pun eopda" (땡전 한 푼 없다) is often used, which means “I'm penniless.”[20]