The Economic Times  11 hrs ago  Comment 
Weekly gains have been led by the South Korean won, Indian rupee, and Taiwan dollar.
The Economic Times  Oct 1  Comment 
The South Korean won edged higher on Thursday as gains in Asian equities helped soothe sentiment and lent support to regional currencies.
The Economic Times  Sep 30  Comment 
Asian currencies from the South Korean won to Malaysian ringgit picked up against the dollar Wednesday with confidence returning to trading floors.
The Economic Times  Sep 24  Comment 
The South Korean won briefly touched its lowest level in 2 weeks early on Thursday as investors took a breather after the currency slid for three straight sessions.
The Economic Times  Sep 23  Comment 
The won was down 0.8 percent at 1,188.7 per dollar as of 0213 GMT after touching a morning low of 1,188.9, its weakest level since Sept. 10.
The Economic Times  Sep 21  Comment 
The won stood at 1,174.8 per dollar as of 0500 GMT, and appeared set to end a three-day winning streak.
MarketWatch  Sep 17  Comment 
Several emerging-markets currencies, including the Mexican peso, Malaysian ringgit and Korean won, traded higher than the dollar after Federal Reserve policy makers left interest rates unchanged Thursday. Meanwhile, the currencies of risky...
The Hindu Business Line  Sep 11  Comment 
The South Korean won joined most its regional peers in strengthening against the dollar on Friday, led by the Chinese yuan. Market reaction was largely muted following the Bank of Korea’s...
Mondo Visione  Sep 10  Comment 
The Korea Exchange (KRX) has analyzed the H1 FY2015 performance of top 30 corporations in terms of market capitalization and the key leading sectors of the KOSDAQ market. And KRX also predicted the earnings performance of the KOSDAQ market in the...
The Economic Times  Sep 8  Comment 
South Korean won touched a five-year low on expectations dollar demand will rise following Tesco's sale of its largest overseas unit.


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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