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After world war ii ended in 1945, korea was divided, resulting in two separate currencies, both called won, for the south and the north Both the southern won and the northern won replaced the yen at par The first south korean won was subdivided into 100 jeon. Get the latest 1 us dollar to south korean won rate for free with the original universal currency converter Check the latest currency exchange rates for the us dollar, korean won and all major world currencies Our currency converter is simple to use and also shows the latest currency rates. This currency rates table lets you compare an amount in south korean won to all other currencies. South korean’s currency is the south korean won, or krw This currency uses the symbol “₩.” the currency in korea dates back hundreds of years to the joseon dynasty During joseon, koreans made use of coins made of bronze and iron, which are known as 통보 (t’ongbo) and 정보 (jeongbo), respectively. Won, monetary units of south korea and north korea The bank of korea has the exclusive authority to issue banknotes and coins for south korea Banknotes are issued in denominations ranging from 1,000 to 50,000 won. South korean won (krw) the south korean won is the official currency of south korea Its currency code is krw and its symbol is ₩ The won’s conversion factor goes to 6 significant digits It is a fiat currency. Convert dollars to south korean won and south korean won to dollars The meaning of won is past tense and past participle of win.