South Korean won
Definition
Noun: The official currency of South Korea. It is the basic monetary unit used in South Korea for all financial transactions.
Usage
The term "South Korean won" is used to refer specifically to the currency itself, not to an amount of money. It names the unit, similar to how "dollar" or "euro" names other currencies. * The company's financial report was filed in South Korean won. * You will need to exchange your dollars for South Korean won upon arrival.
Examples
- The price of the item was 15,000 South Korean won.
- The strength of the South Korean won against the US dollar is an important economic indicator.
- Please check the current exchange rate for the South Korean won.
Advanced Usage
- Currency Code: In international finance, the South Korean won is represented by the ISO code KRW.
- The transfer was sent in KRW (South Korean won).
- Symbol: The won uses the symbol ₩.
- The book costs ₩12,000.
Variants and Related Words
- Won (₩): The general term for the currency unit. "South Korean won" specifies the country, but it is often shortened to just "won" when the context is clear.
- I have 50,000 won in my wallet.
- Korean won: A less formal variant of "South Korean won".
- North Korean won (KPW): The currency of North Korea, which is a separate and distinct currency from the South Korean won.
Synonyms
- KRW: The official three-letter currency code.
- ₩: The currency symbol.
Notes
- The South Korean won is subdivided into 100 jeon, but jeon are no longer used in everyday transactions due to their extremely low value.
- It is important to distinguish the South Korean won (KRW) from other currencies that also use the name "won", such as the North Korean won (KPW).
Noun
-
the basic unit of money in South Korea
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