What is the name of the currency used in South Korea?
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The currency used in South Korea is the South Korean won (KRW).
The South Korean won is the official currency of South Korea. It is denoted by the symbol "₩" and is subdivided into 100 jeon. The won was first introduced in 1902 and has undergone several revaluations. Banknotes come in denominations of 1,000, 5,000, 10,000, and 50,000 won, while coins are available in denominations of 10, 50, 100, and 500 won. The Bank of Korea is responsible for issuing and regulating the currency. The won is widely accepted in South Korea, and it is also accepted in some areas of North Korea.
The South Korean won is the official currency of South Korea. It is denoted by the symbol "₩" and is subdivided into 100 jeon. The won was first introduced in 1902 and has undergone several revaluations. Banknotes come in denominations of 1,000, 5,000, 10,000, and 50,000 won, while coins are available in denominations of 10, 50, 100, and 500 won. The Bank of Korea is responsible for issuing and regulating the currency. The won is widely accepted in South Korea, and it is also accepted in some areas of North Korea.
The currency used in South Korea is called the South Korean won (₩). The won is the official currency and legal tender in South Korea. It is issued and regulated by the Bank of Korea, which is the central bank of the country. The symbol for the South Korean won is ₩, and it is commonly used in financial transactions, price listings, and currency exchange rates. The won is subdivided into smaller units called jeon, although the jeon is no longer used in everyday transactions. Banknotes and coins denominated in various denominations are used for monetary transactions in South Korea, with the banknotes featuring prominent figures, landmarks, and cultural symbols of the country.