South Korean Won

The South Korean Won (KRW) is the official currency of South Korea. With the symbol ₩, it is managed by the Bank of Korea. The currency was introduced in 1962 and is subdivided into 100 Jeon (not used). It's commonly known by its nickname "Won".

Rates updated Sep 21, 2026, 07:00 PM UTC. Over the last 90 days, 1 KRW ranged from 0.0006425 to 0.0007462 USD (+12.52%).

Currency Name

South Korean Won

Currency Code

KRW

Symbol

₩

Country

South Korea

Central Bank

Bank of Korea

Introduced

1962

Subunit

1/100 Jeon (not used)

ISO Numeric Code

410

The South Korean Won was reintroduced in 1962, replacing the Hwan. The name 'won' is derived from the Chinese yuan/yen. South Korea's rapid economic development, known as the 'Miracle on the Han River,' transformed the won into a major currency.

South Korea is a leading global economy and technology hub. The won is important for Asian trade, particularly in electronics, automobiles, and semiconductors.

The Korean Won is the official currency of South Korea, one of the world's most technologically advanced economies. K-pop and Korean exports have increased global interest in Korean finance.

• 1South Korea's largest denomination is 50,000 won
• 2The won symbol (₩) has two lines through it
• 3South Korea is one of the most cashless societies in the world