newratings.com  Jan 6  Comment 
SEOUL (dpa-AFX) - LG Electronics Inc. (LGEPF.OB, LGEJY.OB, LGEIY.OB, LGEAF.OB) said Friday that it expects operating loss for the fourth-quarter to be 35.3 billion South Korean Won, compared to operating profit of 349.0 billion Won in the prior...
The Economic Times  Dec 26  Comment 
The won was quoted at 1,201.4 to the dollar at the conclusion of onshore trade, up 0.1 per cent compared to Friday's close of 1,203.
newratings.com  Dec 26  Comment 
The Economic Times  Nov 10  Comment 
The South Korean won was flat, standing at 1,150.6 to the dollar at the conclusion of onshore trade, down 0.1 percent compared to Wednesday's close of 1,149.5.
newratings.com  Oct 27  Comment 
SEOUL (dpa-AFX) - LG Electronics Inc. (LGEPF.OB, LGEJY.OB, LGEIY.OB, LGEAF.OB) Thursday announced third quarter net loss of South Korean Won or KRW 81.5 billion compared to profit of KRW124.8 billion last year. Earnings before income tax was...
newratings.com  Oct 27  Comment 
The Economic Times  Oct 6  Comment 
The South Korean won ticked up slightly, outperforming regional peers, on demand from exporters for settlements.
TechCrunch  Sep 29  Comment 
 Line, the messaging company that went public in the year’s highest IPO to date, is diversifying its business and focusing on social after it invested $45 million (50 billion KRW) in Snow, a Snapchat clone focused on Asia. Read More
newratings.com  Jul 29  Comment 
SEOUL (dpa-AFX) - South Korean electronics company LG Electronics Inc. (LGEPF, LGEJY, LGEIY, LGEAF) reported Friday that its second-quarter net income, on IFRS basi, increased to 268.5 billion Korean won from last year's 226.4 billion...
newratings.com  Jul 26  Comment 
SEOUL (dpa-AFX) - Hyundai Motor Co., Ltd. (HYMLF.OB, HYMTF.OB) reported that its net income for the second-quarter declined 1.5 percent 1.76 trillion Korean Won from last year's 1.79 trillion won. Operating Income rose 0.6% to 1.76 trillion...
The Economic Times  Jul 25  Comment 
The won was quoted at 1,137.0 to the dollar at the conclusion of onshore trade, down 0.2 per cent compared to Friday's close of 1,134.4.
The Economic Times  Jul 12  Comment 
Offshore investors have been net buyers for four consecutive sessions, purchasing a net 192.9 billion won ($168.03 million) worth of KOSPI shares on Tuesday.


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 has been in use for thousands of years. During the Colonial era , the won was replaced at par by the yen, made up of the Korean yen. In 1945 after World War II, Korea became divided, resulting in two separate currencies, both called won, for the South and the North. Both the Southern won and the Northern won replaced the yen at par. The first South Korean won was subdivided into 100 jeon.

The South Korean won was initially pegged to the U.S. dollar at a rate of 15 won = 1 dollar. A series of devaluations followed, the later ones in part due to the Korean War

The Bank of Korea is the only institution in South Korea that has the right to print banknotes and mint coins. The banknotes and coins are printed at KOMSCO, a government-owned corporation, under the guidance of the Bank of Korea. After the new crisp banknotes and coins are printed/minted, they are bundled up in bundles/rolls and shipped to the Headquarters of the Bank of Korea. When delivered, the banknotes and coins are deposited inside the Bank's vault, ready to be distributed to commercial banks when requested. Every year, around Seollal and Chuseok, two major Korean holidays, the Bank of Korea distributes large amount of its currency to most of the commercial banks in South Korea, which are then given to their customers upon request.

The chart at left shows the USD/KRW currency pair; the number of Korean Won equivalent to 1 U.S. Dollar (USD).

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