What Is The Currency Of South Korea?
By Jasreet Kaur
11, Apr 2025 06:30 PM
jagranjosh.com
Do you know?
The South Korean won is the money used in South Korea. It is used for all buying and selling in the country. Tap to read to read in detail.
Symbol and Code
The currency of South Korea is the won. The symbol is ₩ and the code used is KRW.
Banknotes Used in Shops
Paper notes come in amounts like ₩1,000, ₩5,000, ₩10,000, and ₩50,000. They show pictures of Korean scholars and cultural sites.
Coins for Small Amounts
Coins include ₩10, ₩50, ₩100, and ₩500. These are used to buy small items like snacks and drinks.
Controlled by Bank of Korea
The won is managed by the Bank of Korea. This bank takes care of how much money is used in the country.
History of the Won
The won replaced the Korean yen in 1945. This happened after Korea became independent from Japan.
Designs Show Korean Culture
The money shows pictures of famous Koreans and places. It shows how much Koreans respect their history.
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