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The South Korean won (Symbol: ₩; Code: KRW; Korean: 대한민국 원) is the official 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 it appears only in foreign exchange rates.
Won was introduced in 1902 as the official currency unit replacing yang at 1 won = 5 yang. The Bank of Korea was established in 1909 but soon after in 1910 Imperial Japan annexed the Korean Empire. Under Colonial rule, the country was made to use the currency unit "yen" in place of the Korean Won, which took over the Korean won at par.
List of all Asian currencies Present currency ISO 4217 code Country or dependency (administrating country) Currency sign Fractional unit Russian Ruble [1]: RUB Abkhazia ...
The won is the currency of both North and South Korea. "Won" is a cognate of the Chinese currency unit, the yuan (圓 / 圆 / 元), and the Japanese currency unit, the yen (円; ¥), meaning "round object". The won is subdivided into 100 jeon (Korean: 전; Hanja: 錢; RR: jeon; MR: chŏn). Yang is a former Korean currency.
Colour key and notes Indicates that a given currency is pegged to another currency (details) Italics indicates a state or territory with a low level of international recognition State or territory Currency Symbol [D] or Abbrev. ISO code Fractional unit Number to basic Abkhazia Abkhazian apsar [E] аҧ (none) (none) (none) Russian ruble ₽ RUB Kopeck 100 Afghanistan Afghan afghani ؋ AFN ...
The Bank of Korea (BOK; Korean: 한국은행; Hanja: 韓國銀行; RR: Hanguk Eunhaeng) is the central bank of South Korea and issuer of South Korean won. It was established on 12 June 1950 in Seoul, South Korea. The bank's primary purpose is price stability. For that, the bank targets inflation.
North Korean won, the present currency of North Korea; It can also refer to these historical currencies: Korean Empire won, 1900–1910 currency in the Korean Empire; Won of the Red Army Command, 1945–1947 currency in northern Korea under the Soviet Civil Administration; South Korean won (1945–1953) South Korean hwan, 1953–1962 currency
The local name of the currency is used in this list, with the adjectival form of the country or region. ... Customs gold unit – Republic of China (1912–1949) D ...