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For the North Korean currency, see North Korean won.

The won is the currency of South Korea.

Exchange rates

Sampled on July 23, 2005

• Euro (EUR) = ₩1,232.82
• UK pound (GBP) = ₩1,776.45
• US dollar (USD) = ₩1,021.35

Denominations

Coins currently in circulation are

• 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

• 1000 Won (Yi Hwang, scholar, Reverse: Dosan Seowon (Dosan Confucian Academy))
• 5000 Won (Yi I, scholar, Reverse: Yi I's birthplace)
• 10,000 Won (King Sejong the Great and water clock, Reverse: Gyeonghuiru pavillion)

The 1 won and 5 won coins are difficult to find in circulation today, and prices of consumer goods are rounded to 10's. The highest valued bill, the 10,000 won note, is worth only approximately $10. Larger transactions are commonly handled by 100,000 won bank checks, dispensed from ATMs. South Koreans use electronic means of payment, intra-bank transfers, and credit cards, to a greater extent than even in the U.S.

Central Bank

• Bank of Korea (in English)

• Economy of South Korea