Monday 17 August 2020

South Korean Won.....

The South Korean won (/wʌn/; Korean: 원, Korean pronunciation: [wʌn]; symbol: ₩; code: KRW) or Korean Republic won (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 appears only in foreign exchange rates. The won is issued by the Bank of Korea, based in the capital city of Seoul. The old "won" was a cognate of the Chinese yuan and Japanese yen. It is derived from the hanja 圓 (원, won), meaning "round". 

 

The won was subdivided into 100 jeon (Korean: 전; Hanja: 錢; RR: jeon; MR: chŏn), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it.

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