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The Korean won, Chinese yuan and Japanese yen were all derived from the Spanish-American silver dollar, a coin widely used for international trade between Asia and the Americas from the 16th to 19th centuries. During the colonial era under the Japanese (1910–45), the won was replaced by the Korean yen which was at par with the Japanese yen.
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Korean won primarily refers to: South Korean won, the present currency of South Korea; 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 ...
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A South Korean court ruled SK Group Chairman Chey Tae-won must pay more than $1 billion to his estranged wife as part of their planned divorce, sending shares in the group's holding firm surging ...
South Korea plans to roll out 14 trillion won ($10 billion) of low-interest loans next year to support its chip industry, the finance ministry said, as the sector grapples with Chinese competition ...
South Korea has the world's lowest fertility rate, or the average number of children born to a woman, and data shows it is likely to fall to 0.68 in 2024, past the figure of 0.78 in 2022, which ...