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Won is the official currency used in both South Korea and North Korea. Their exchange values differ, however.
Historically, North and South Korean won have been divided into 100 jeon (전; 錢; McCune-Reischauer: chŏn; Revised Romanization: jeon; in North Korea, it is also Romanized jun). Jeon are no longer used in South Korea, as the smallest amount of money that typically changes hands is 100 Won, or roughly 10 US cents.
The word jeon is also used in Korean to translate the word "cent," and in this context accompanies bul (불, 弗), which means "dollar." (The hanja character resembles the symbol "$".) These two words are used by Koreans living in the Western hemisphere when referring to dollar currencies.
Exchange rates
Sampled on May 18, 2004.
North Korean won
Official exchange rates as of January 20, 2005
Coins in circulation are
- 1 Jeon
- 5 Jeon
- 10 Jeon
- 50 Jeon
- 1 Won
Banknotes in circulatoin are
- 1 Won (Woman holding a flower, 1992 series)
- 5 Won (Student with a globe, 1992 series)
- 10 Won (Factory worker and the Horse of 1000 Li statue, 1992 series)
- 50 Won (The People and the Statue of Juche, 1992 series)
- 100 Won (Kim Il Sung, 1992 series)
- 500 Won (Palace of the Memory of Kumsusan, 1998 series)
- 1000 Won (Kim Il Sung, 2002 series)
- 5000 Won (Kim Il Sung, 2002 series)
South Korean won
Southkoreancoins.jpg
South Korean coins
Coins currently in circulation are [1] (http://www.bok.or.kr/template/eng/html/index.jsp?tbl=tbl_FM0000000066_CA0000001017)
- 1 Won (Rose of Sharon, Aluminum)
- 5 Won (Kobukson, Turtle ship, 65% copper, 35% zinc)
- 10 Won (Dabotab, Pagoda, 65% copper, 35% zinc)
- 50 Won (Stalk of rice, 70% copper, 18% zinc, 12% nickel)
- 100 Won (Admiral Yi Sun-sin, 75% copper, 25% nickel)
- 500 Won (Crane, 75% copper, 25% nickel)
Banknotes in circulation are
See also
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