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After the division of Korea, the state of South Korea was established and recognized in 1948, and won was again made the official currency of the new state. "jeon" was made the subunit of the currency that divided it into 100 equal parts. Bank of Joseon issued the currency for independent South Korea for the first time, that too in banknotes only.
Article 10 of the Local Autonomy Act defines the standards under which a populated area may become a city: an area which is predominantly urbanised and has a population of at least 50,000; a gun which has an urbanised area with a population of at least 50,000; or a gun which has a total population of at least 150,000 and multiple urbanised areas each with a population of at least 20,000. [1]
The first South Korean won was subdivided into 100 jeon. The South Korean won initially had a fixed exchange rate to the U.S. dollar at a rate of 15 won to 1 dollar. A series of devaluations followed, the later ones, in part, due to the Korean War (1950–53). The pegs were:
A town or eup is an administrative unit in South Korea; along with township (rural), a town (urban) is one of the divisions of a county, and of some cities with a population of less than 500,000. The main town or towns in a county—or the secondary town or towns within a city's territory—are designated as towns. Towns are subdivided into ...
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
Its name is composed of the words gwang (Korean: 광; Hanja: 光) meaning "light" and ju (주; 州) meaning "province". Gwangju was historically recorded as Muju ( 무주 ; 武州 ), in which " Silla merged all of the land to establish the provinces of Gwangju, Ungju, Jeonju, Muju and various counties, plus the southern boundary of Goguryeo and ...
Daegu (Korean: 대구; ), formerly spelled Taegu [a] and officially Daegu Metropolitan City (대구광역시), is a city in southeastern South Korea.. Daegu is the third-largest urban agglomeration in South Korea after Seoul and Busan; it is the fourth-largest metropolitan city in the nation with over 2.3 million residents; [5] and the second-largest city after Busan in the Yeongnam region in ...
Seoul, [b] officially Seoul Special Metropolitan City, [c] is the capital and largest city of South Korea.The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, [8] emerged as the world's sixth largest metropolitan economy in 2022, trailing behind Paris, San Francisco, Los Angeles, Tokyo, and New York, and hosts more than half of South Korea's population.