QUOTE AND NEWS
The Economic Times  Apr 12  Comment 
The South Korean won crept into green after six straight sessions of losses on optimism that the geopolitical crisis won't snowball.
Clusterstock  Apr 10  Comment 
The Korean won tumbled on Monday. The won closed down by 0.5% at 1,143.64 per dollar. It has fallen for five consecutive session, and for nine out of the past 10. "Geopolitical anxiety is still running high, and the South Korean won and the...
The Economic Times  Apr 10  Comment 
The Korean won, down 0.67%, fell for a fifth straight session and was the biggest loser in the region.
TechCrunch  Apr 7  Comment 
 Samsung is back in business. Fresh from its highest profit jump in three years and the successful launch of its new flagship Galaxy S8, the Korean company is now forecasting a big jump in profits for its upcoming Q1 2017 financials. The...
The Economic Times  Apr 7  Comment 
The Korea Composite Stock Price Index ended down 0.1% at 2,151.73 points, the lowest since March 16.
The Economic Times  Apr 7  Comment 
The South Korean won led the losses with a drop of 0.8%.
The Economic Times  Apr 6  Comment 
The South Korean won led the losses with a drop of 0.8%.
Forbes  Mar 14  Comment 
Samsung Electronics‘ stock recently touched all time highs, rising by roughly 28% over the last six months to levels of about KRW 2 million (about $1,736) per share on the Korean markets.
The Economic Times  Mar 3  Comment 
Leading the losses were the South Korean won and the Taiwan dollar, the two emerging Asian currencies that have seen the biggest gains against the greenback so far in 2017.
The Economic Times  Mar 2  Comment 
The South Korean won fell more than one per cent at one point but later trimmed losses, underpinned by strong inflows in equities.




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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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