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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 sign. The won sign ₩ , is a currency symbol. It represents the South Korean won, the North Korean won and, unofficially, the old Korean won.
The history of Korean currency dates back to around the 3rd century BC, when first coins in the form of knife coins, also known in Korean literature as "Myeongdojun(명도전,in chinese mingdaoqian,明刀錢, meaning Ming Knives)" originally belonging to the Chinese state of Yan but also was used in trade with Korean state Gojoseon; which were said to have been circulated. [1]
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 specifications were equivalent to the coins of the Japanese yen. [3] In 1906 Korea's first gold coinage was created, in denominations of 5 won, 10 won, and 20 won. [4]
Chosŏn-inmin wŏn. The Korean People's won, more commonly known as the North Korean won (Symbol: ₩; Code: KPW; Korean: 조선 원) and sometimes known as the Democratic People's Republic of Korea won (Korean: 조선민주주의인민공화국 원), is the official currency of North Korea. It is subdivided into 100 chon. The currency is ...
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50, 2,50€ and 250.
Bank name , value (Hangul and Hanja) Bank of Korea's symbol February 17, 1953 June 10, 1962 5 hwan Red 10 hwan 156 × 66 mm Purple Bank name (Hanja), value (Hangul and Hanja), Geobukseon: Bank of Korea's symbol 100 hwan Green 1000 hwan Brown These images are to scale at 0.7 pixel per millimetre.
Etymology of the Korean currencies. 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 ).