The South Korean won (KRW)The South Korean won, officially the Korean Republic won is the official currency of South Korea.
A single won is divided into 100 jeon, the monetary subunit.
The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates.
The currency is issued by the Bank of Korea, based in the capital city of Seoul.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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