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What is the Korean Won Exchange?
The won (KRW) is the currency of South Korea. One singel won is divided into 100 joen (meaning "money"), but the jeon is no longer used in day-to-day transactions and is only used for foreign exchange rates. "Won" is derivitive of the Chinese yan and the Japanese yen.
Understanding South Korean Money
After World War II, Korea was divided into two separate states. The won was also divided, however, both the North andn South still called the currency the won. Later, in 1946, the Bank of Joseon introduced 10 and 100 won notes. A couple years later both the 5 and 1000 won notes entered circulation.
In 1950 the Bank of Korea was established, along with denominations of 5, 10, 100 adn 1000 won--replacing the old notes. Until 1966, the only coins in circulation were the 10 and 50 hwan. New coins, now denominated in won wer introduced in 1,5 and 10 won denominations.
Buy KRW with Confidence
Treasury Vault offers the ability to buy Korean money at the lowest prices. South Korean Won prices are updated to stay consistent with current prices. We work hard to stay up-to-date the every changing needs of those purchasing currency from us--we strive to meet them perfectly. We know the care you expect from a company dealing with currencies. Security and privacy are paramount to you--so paramount to us. That's why our customers return to us over and over again. They know they can trust us.
We go the extra mile to make buying Korean Money secure, private and smooth.