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South Korean Won

South Korean won
대한민국 원 (Korean)
Currency South Korea.jpg
Coins and banknotes of the South Korean won.
ISO 4217
Code KRW
Number 410
Exponent 0
Denominations
Subunit
1100 jeon (전/錢)
Theoretical (not used)
Plural The language(s) of this currency does not have a morphological plural distinction.
Symbol
Banknotes ₩1,000, ₩5,000, ₩10,000, ₩50,000
Coins ₩10, ₩50, ₩100, ₩500
Demographics
User(s)  South Korea
Issuance
Central bank Bank of Korea
 Website eng.bok.or.kr
Printer Korea Minting and Security Printing Corporation
 Website english.komsco.com
Mint Korea Minting and Security Printing Corporation
 Website english.komsco.com
Valuation
Inflation 1.3% (Feb 2016, Year-on-Year % Change)
 Source [6], February 2016
South Korean won
Hangul 대한민국 원
Hanja 大韓民國 圓
Revised Romanization Daehanmin(-)guk won
McCune–Reischauer Taehanmin'guk wŏn

The won (/wʌn/;Korean: , Korean pronunciation: [wʌn]; symbol: ; code: KRW) or the Korean Republic Won is the currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city, Seoul. The official currency of North Korea, issued by the Central Bank of the Democratic People's Republic of Korea which is based in its capital city, Pyongyang, is divided into the same number of units, and is known as the North Korean won.

The old "won" was a cognate of the Chinese yuan and Japanese yen. It is derived from the hanja (), meaning "currency" or "coin." The won was subdivided into 100 jeon (Hangul; Hanja; RRjeon; MRchŏn), itself a cognate of the Chinese character (qián) which means "money" and also used as a unit of money in ancient times. The current won (1962 to present) is typically written in hangul only.


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