South Korean Won

Vaughn (Russian)
	대한민국 원 / 大韓民國圓(box); Won (English); Won (Fr.)
	coins and banknotes in circulation
	Codes and Symbols
ISO 4217 Codes	KRW (410)
Characters	₩ • 원 • 圓 • 元
	Territory of circulation
Issuing country	The Republic of Korea
	Derivative and parallel units
Fractional	chong ( 1 ⁄ 100 )
	Coins and banknotes in circulation
Coins	1, 5, 10, 50, 100, 500 won
Banknotes	1000, 5000, 10,000, 50,000 won
	Issue and production of coins and banknotes
Emission Center (Regulator)	Bank of Korea
	www.bok.or.kr
	Courses on September 19, 2019
1 RUB	= 18.54 KRW
1 USD	= 1191 KRW
1 EUR	= 1318 KRW
1 GBP	= 1482 KRW
1 JPY	= 11.01 KRW
	2014 inflation
Inflation	1.5% (April)
	Wikimedia Commons Media Files

The South Korean War ( cor. 원 ^? , 圓^? , Won ) - the monetary unit of the Republic of Korea .

The name Won in Russian comes from the phrase 원화 (pronounced Wonhwa), literally: the currency Won .

In circulation are banknotes of 1,000, 5,000, 10,000 and 50,000 won and coins of 1, 5, 10, 50, 100 and 500 won.

Since coins of 1 and 5 won are rare, settlements are allowed to be rounded up to 10 won.

Content

1 History
2 Coins
3 Banknotes
4 Exchange Rate Mode
5 notes
6 References

History

Vaughn was again put into circulation on June 9, 1962. The exchange of new money was carried out in the ratio: 1 won = 10 hvans . March 22, 1975, after the last coins were withdrawn from circulation, with a face value in khvans, won became the only legal tender. She was assigned the code ISO 4217 - KRW. At the time of the introduction of the won in 1962, its exchange rate was artificially attached to the exchange rate of the US dollar in the ratio of 125 won = 1 dollar . The change in the fixed rate in the period from 1962 to 1980 is shown in the table.

Second Korean Won fixed rate
Establishment Date	South Korean won per US dollar
June 10, 1962	125
May 3, 1964	255
August 3, 1972	400
December 7, 1974	480
January 12, 1980	580

In circulation there was also a coin “chon” ( cor. 전 ^? , 錢^? ) With a denomination of 1/100 won, however, due to the reduction in price of the won, it is not used.

Since February 27, 1980, steps have been taken to move to a floating exchange rate . The final transition to the free exchange occurred on December 24, 1997, when an agreement was reached with the International Monetary Fund . ^[1] Soon after, as a result of the Asian financial crisis , she almost depreciated almost twice.

Coins

Until 1966, the only coins in circulation were 10 and 50 hwan, which were used as 1 and 5 won, respectively. New coins, denominated in won, were issued by the Bank of Korea on August 16, 1966. It was 1, 5 and 10 won. For the first time, these coins did not use the Korean calendar , but dates, counted from the beginning of our era . Coins 10 and 50 khvan were withdrawn from circulation on March 22, 1975.

In 1968, a 1-won coin of brass was replaced with an aluminum counterpart, as its real value began to exceed the nominal value. In order to further reduce the cost of producing coins, in 1970 new coins were issued 5 and 10 won from brass instead of bronze. A copper-nickel coin of 100 won was put into circulation in the same year, and 50 won in 1972.

On June 12, 1982, due to inflation and the increased popularity of vending machines , a coin of 500 won was put into circulation. In January 1983, in order to standardize the monetary system, a new series of coins was issued: 1, 5, 10, 50 and 100 won. The coins were made in the same style as 500 won, but with the same old coins.

Images		Face value (out)	Diameter (mm)	Weight (g)	Material	Hert	Obverse	Reverse	Dates
Obverse	Reverse	Face value (out)	Diameter (mm)	Weight (g)	Material	Hert	Obverse	Reverse	release	coinage	exemptions
		one	17,2	1.70	brass 60% copper 40% zinc	smooth	Syrian hibiscus , face value, Name of the bank	face value, name of the bank, year of minting	August 16 1966	1966, 1967	December 1st 1980
				0.73	aluminum		Syrian hibiscus , face value, Name of the bank		August, 26th 1968	1968-1970, 1974-1982	in circulation
				0.73	aluminum		Syrian Hibiscus, face value		January 15 1983	1983-1985, 1987-1991, since 1995	in circulation
		5	20,4	3.90	Bronze 88% copper 12% zinc	smooth	Kobukson , face value, Name of the bank	face value, name of the bank, year of minting	August 16 1966	1966	in circulation
				2.95	brass 65% copper 35% zinc		Kobukson , face value, Name of the bank		July 16 1970	1970-1972, 1978-1982
				2.95	brass 65% copper 35% zinc		Kobukson, face value		January 15 1983	1983, 1987-1991, 1995-1997, since 1999
		10	22.9	4.22	bronze 88% copper 12% zinc	smooth	Tabothap , face value, Name of the bank	face value, name of the bank, year of minting	August 16 1966	1966-1970	in circulation
				4.06	brass 65% copper 35% zinc		Tabothap , face value, Name of the bank		July 16 1970	1970-1975, 1977-1982
				4.06	brass 65% copper 35% zinc		Tabothap , face value		January 15 1983	1983, 1985-2009
			18.0	1.22	copper plated aluminum 48% copper 52% aluminum		Tabothap , face value		December 18th 2006	since 2006
		fifty	21.6	4.16	70% copper 18% zinc 12% nickel	ribbed	rice flower face value	face value, name of the bank, year of minting	December 1st 1972	1972-1974, 1977-1982	in circulation
		fifty	21.6	4.16	70% copper 18% zinc 12% nickel	ribbed	rice flower face value	face value, name of the bank, year of minting	January 15 1983	1983-1985, since 1987	in circulation
		one hundred	24.0	5.42	Copper-Nickel Alloy 75% copper 25% nickel	ribbed	Lee Songxing , face value, Name of the bank	face value year of minting	November 30th 1970	1970-1975, 1977-1982	in circulation
		one hundred	24.0	5.42	Copper-Nickel Alloy 75% copper 25% nickel	ribbed	Lee Songxing , face value	face value, name of the bank, year of minting	January 15 1983	since 1983	in circulation
		500	26.5	7.70	copper-nickel alloy 75% copper 25% nickel	ribbed	Crane , denomination	face value, name of the bank, year of minting	12 June 1982	1982-1984, 1987-1997, since 1999	in circulation

Banknotes


Series Thomas De La Rue (1962) [1] (cor.)
Picture		Face value (out)	Dimensions (mm)	Primary colors	Description		Dates
Front side	Back side	Face value (out)	Dimensions (mm)	Primary colors	Front side	Back side	release	exemptions
		one	94 × 50	pink	Bank of Korea symbol	face value	June 10th 1962	May 20 1970
		5	94 × 50	blue				May 1 1969
		10	108 × 54	green				September 1 1962
		fifty	156 × 66	Orange	stone island Hagymgan near the city of Geoje	denomination torch		May 20 1970
		one hundred		green	independence gate			The 14th of February 1969
		500		Gray	Sunnemun			February 3rd 1967
The image scale is 1.0 pixels per millimeter.


KOMSCO Series (1962-1969) [2] (cor.)
Picture		Face value	Dimensions (mm)	Primary colors	Description		Dates
Front side	Back side	Face value	Dimensions (mm)	Primary colors	Front side	Back side	release	exemptions
		10 chons	90 × 50	blue	The inscription "Bank of Korea" and face value (in Korean)	The inscription "Bank of Korea" and face value (in English)	December 1st 1962	December 1st 1980
		50 chons	90 × 50	brown	The inscription "Bank of Korea" and face value (in Korean)	The inscription "Bank of Korea" and face value (in English)	December 1st 1962	December 1st 1980
		10 won	140 × 63	Violet	Chomsondae	Kobukson	September 21st 1962	October 30 1973
		50 won	149 × 64	green Orange blue	Gonwon Pagoda in Seoul	flashing light hibiscus syrian	March 21 1969
		100 won	156 × 66	green	independence gate	Gyeongbokgung Pavilion in Gyeongbokgung	Nov. 1 1962
		100 won	156 × 66	green	Sejon the Great	Bank of Korea main building	August 14 1965	December 1st 1980
		500 won	165 × 73	brown	Sunnemun	Kobukson	August 16 1966	May 10 1975
The image scale is 1.0 pixels per millimeter.

Series 1972-1973 [3] (cor.)
Images		Face value	Dimensions	Main color	Description			date of		Designation series	A place print
Obverse	Reverse	Face value	Dimensions	Main color	Obverse	Reverse	Watermark	release	exemptions	Designation series	A place print
		₩ 5000	167 × 77 mm	Brown	Li Yi	The main building of the Bank of Korea		July 1, 1972	December 1, 1980	Series I (가)	Thomas de la Rue ^[2]
		₩ 10,000	171 × 81 mm	Brown	Sejon the Great , Rose of Sharon	Gyeongjongjong in Gyeongbokgung		June 12, 1973	November 10, 1981	Series I (가)	In Japan ^[3]
Series 1973-1979 [4] (cor.)
		₩ 500	159 × 69 mm	Green and pink	Lee Songxing , Kobukson	Tomb of Lee Songxing	No	September 1, 1973	May 12, 1993	Series III (다)
		₩ 1000	163 × 73 mm	Violet	Lee Hwan , Rose of Sharon	Confucian Dosan School		August 14, 1975	May 12, 1993	Series I (가)	In Japan ^[4]
		₩ 5000	167 × 77 mm	Orange	Li Yi	Ojujkhon in Gangneung		June 1, 1977	May 12, 1993	Series II (나)	In Japan ^[2]
		₩ 10,000	171 × 81 mm	Green	Sejon the Great , water clock	Gyeongbokgung Pavilion in Gyeongbokgung , Rose of Sharon		June 15, 1979	May 12, 1993	Series II (나)	In Japan ^[3]

Series 1983-2002 [5] (cor.)
Images		Face value	Dimensions	Main color	Description			date of	Designation series	Modification
Obverse	Reverse	Face value	Dimensions	Main color	Obverse	Reverse	Watermark	release	Designation series	Modification
		₩ 1000	151 × 76 mm	Violet	Lee hwan	Confucian Dosan School	Inverted portrait	June 11, 1983	Series II (나)
		₩ 5000	156 × 76 mm	Orange	Li Yi	Ojujkhon in Gangneung		June 11, 1983	Series III (다)
		₩ 5000	156 × 76 mm	Orange	Li Yi	Ojujkhon in Gangneung		June 12, 2002	Series IV (라)	On embossed marks for visually impaired, colors are intensified, a “diving” metallized strip, author's signature
		₩ 10,000	161 × 76 mm	Green	Sejon the Great , water clock	Gyeongbokgung Pavilion in Gyeongbokgung		October 8, 1983	Series III (다)
								January 20, 1994	Series IV (라)	“Diving” metallized strip, micro-printing on a water clock, moire pattern on a field with a watermark, relief hidden image
							Inverted portrait, Thegykki	June 19, 2000	V Series (마)	On embossed labels for visually impaired, colors are enhanced, the moire pattern is removed, the constellation of Eurion , the author's signature

Series 2006-2007 [6] (cor.)
Images		Face value	Dimensions	Main color	Description			date of	Designation series
Obverse	Reverse	Face value	Dimensions	Main color	Obverse	Reverse	Watermark	release	Designation series
		₩ 1000	136 × 68 mm	Blue	Lee Hwang , Mönnyundang at Songyungwan University, plum blossom	Coastal landscape and mountains	Inverted portrait, face value	January 22, 2007	Series III (다)
		₩ 5000	142 × 68 mm	Red and yellow	Li Yi , Ojujkhon in Gangneung , black bamboo	“Insects and Plants”, painting by Sin Saimdan , mother of the philosopher Li Yi		January 2, 2006	V Series (마)
		₩ 10,000	148 × 68 mm	Green	Sejon the Great	17th Century Ancient Sky Globe		January 22, 2007	Series VI (바)
		₩ 50,000	154 × 68 mm	Orange and yellow	Sin Saimdan	Bamboo and mum		June 23, 2009	Series VI (바)

Exchange Rate Mode

South Korea currently uses a floating exchange rate regime . The criterion for the effectiveness of the exchange rate policy ( exchange rate anchor ) are inflation indicators.

Market rate

Google Finance (... / KRW) :	RUB USD EUR GBP Jpy CHF
Yahoo! Finance (... / KRW) :	RUB USD EUR GBP Jpy CHF
XE.com (... / KRW) :	RUB USD EUR GBP Jpy CHF
OANDA.com (... / KRW) :	RUB USD EUR GBP Jpy CHF

Notes

↑ Kurt Schuler. Tables of modern monetary history: Asia (unopened) (link unavailable) . Currency Boards and Dollarization (February 29, 2004). Date of treatment September 10, 2008. Archived March 17, 2006.
↑ ¹ ² Brief History of current Korea notes in circulation; 5,000 won note (unopened) (Flash and HTML) (inaccessible link) . Bank of Korea Date of treatment September 10, 2008. Archived September 27, 2007. (eng.)
↑ ¹ ² Brief History of current Korea notes in circulation; 10,000 won note (unopened) (Flash and HTML) (inaccessible link) . Bank of Korea Date of treatment September 10, 2008. Archived on May 7, 2008. (eng.)
↑ Brief History of current Korea notes in circulation; 1,000 won note (unopened) (Flash and HTML) (link not available) . Bank of Korea Date of treatment September 10, 2008. Archived September 27, 2007. (eng.)

Links

Don Norris World Coin Gallery - Korea
Ron Wise World's Paper Money Gallery - South Korea The ^Mirror
World Currency History - Korea
Global Currency History Table for Global Financial Data ( in Microsoft Excel format )
South Korea Banknote Gallery (German) (English) (French)

[1] Kurt Schuler. Tables of modern monetary history: Asia (unopened) (link unavailable) . Currency Boards and Dollarization (February 29, 2004). Date of treatment September 10, 2008. Archived March 17, 2006.

[5000wonhis-2] ¹ ² Brief History of current Korea notes in circulation; 5,000 won note (unopened) (Flash and HTML) (inaccessible link) . Bank of Korea Date of treatment September 10, 2008. Archived September 27, 2007. (eng.)

[10,000wonhis-3] ¹ ² Brief History of current Korea notes in circulation; 10,000 won note (unopened) (Flash and HTML) (inaccessible link) . Bank of Korea Date of treatment September 10, 2008. Archived on May 7, 2008. (eng.)

[1000wonhis-4] Brief History of current Korea notes in circulation; 1,000 won note (unopened) (Flash and HTML) (link not available) . Bank of Korea Date of treatment September 10, 2008. Archived September 27, 2007. (eng.)