Currency history of South Korea.

 The Korean Republic won, unofficially the South Korean received (Symbol: ₩; Code: KRW; Korean: 대한민국 원) is the reputable foreign money of South Korea. A unmarried received is split into one hundred jeon, the economic subunit. The jeon is now not used for everyday transactions, and it appears best in foreign exchange fees. The forex is issued by the Bank of Korea, based totally within the capital town of Seoul.

The Korean gained, Chinese yuan and Japanese yen have been all derived from the Spanish-American silver dollar, a coin widely used for worldwide trade between Asia and the Americas from the sixteenth to nineteenth centuries. During the colonial era beneath the Japanese (1910–45), the won turned into replaced via the Korean yen which become at par with the Japanese Yen.

After World War II resulted in 1945, Korea become divided, ensuing in two separate currencies, each known as gained, for the South and the North. Both the Southern received and the Northern received replaced the yen at par. The South Korean received initially had a fixed alternate fee to the U.S. Dollar at a fee of 15 received to one dollar. A collection of devaluations accompanied, the later ones, in component, because of the Korean War (1950–fifty three). The pegs were: