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South Korea’s official currency is the South Korean Won (KRW).
Its international currency code is KRW.
The South Korean Won is the legal tender used for all financial transactions in the country, including daily shopping, services, and business activities.
The South Korean Won was first introduced in 1945, following Korea’s liberation from Japanese rule.
In 1953, the currency was officially named the “Won” and placed under the authority of the Bank of Korea.
Over the years, South Korea has experienced strong economic growth, and the Won has become one of the most actively traded currencies in Asia.
Today, the South Korean Won is available in modern banknotes and coins and plays a crucial role in the country’s export-driven economy.
Abbreviation: KRW
Symbol: ₩
Subunit:
1 South Korean Won = 100 jeon (rarely used in daily payments today)
Yes. ✅
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No.
The South Korean Won (KRW) is only valid for use within South Korea.
However, it can be exchanged at some currency exchange offices or banks in Turkey.
You can also transfer money from South Korea to Turkey via PayPorter.
Banknotes feature important historical figures such as King Sejong the Great and Shin Saimdang.
South Korea is one of the world’s leading technology exporters, and the Won plays a key role in international trade.
Although jeon is the official subunit, it is rarely used in daily life due to the low value.
The symbol ₩ is used for both the South Korean Won and the North Korean Won, but they are separate currencies.