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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.
In October of the same year the anchor currency was changed to the US dollar at a rate of 15 won = 1 dollar. Toward the end of the Korean War the won was devalued at 6000 won = 1 dollar. [1] Following that the hwan was introduced as the new currency at a rate of 1 hwan = 100 won.
The country then had to switch over to a new currency unit named "hwan" replacing won at 1 hwan = 100 won. Like South Korean won, this currency unit was also issued in banknotes initially but in 1959, coins denominated in hwan were also issued and were the first circulating coins in South Korea.
Due to the devaluation of the first South Korean won (from 15 won to the U.S. dollar in 1945 to 6000 won to the dollar in 1953), the hwan was introduced in 1953 at the rate of 1 hwan = 100 won. The hwan was nominally subdivided into 100 jeon but the lowest denomination issued was 1 hwan. The hwan also suffered from inflation and a series of ...
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 Administration; South Korean won ...
Additionally, a street in downtown Seoul is named after him, and the Yi Sun-sin Bridge was built near Yeosu and opened to traffic on May 10, 2012, becoming the longest suspension bridge in Korea. South Korean 100 Won 1970 Silver Coin in Commemoration of Admiral Sun-sin Yi
Category: Coins of South Korea. ... 100 won coin; 500 won coin This page was last edited on 3 November 2020, at 04:53 (UTC). Text is available under the Creative ...
Korea 1907 20 gold Won Korea 1905 ½ Won silver coin Coins were minted in the denominations of 1 ⁄ 2 , 1, 5, 10 and 20 jeon, 1 ⁄ 2 , 5, 10 and 20 won. [ 3 ] The coins all carried the title of the "state", Daehan ( 대한 ; 大韓 ), [ 3 ] and the Korean era name , Gwangmu ( 광무 ; 光武 ) and then Yunghui ( 융희 ; 隆熙 ), whilst the ...