chon
Definition
Noun: 1. A monetary subunit: A "chon" is a unit of currency. It is a subdivision of the won, the primary monetary unit of both North Korea and South Korea. * Specifically, 100 chon are equal to 1 won.
Usage Notes
- The word "chon" is used almost exclusively in the context of economics and finance when discussing the Korean currency system.
- In practice, due to inflation, the chon is now a theoretical unit. Banknotes or coins denominated in chon are not in active circulation in everyday transactions in either North or South Korea. The won itself is the smallest practical unit.
Examples
- The old coin was worth five chon.
- One won is divided into one hundred chon.
- Historically, prices could be listed in fractions of a won, such as 50 chon.
Advanced Usage
- The term can be used in historical or numismatic (coin-collecting) contexts to describe obsolete currency.
- The museum displayed a collection of old Korean chon coins from the 1950s.
Variants and Related Words
- Won (noun): The primary unit of currency in both North Korea (KPW) and South Korea (KRW).
- Jeon (noun): An alternate Romanization for the same Korean subunit (전). "Chon" and "Jeon" represent the same word.
Synonyms
- Subunit: A general term for a fractional monetary unit (e.g., cent, penny, sen).
- Fractional currency: Money in denominations less than the basic monetary unit.
Important Note
There are no idioms, phrasal verbs, or common figurative uses associated with this word. "Chon" is a highly specific technical term from the domain of currency.
Noun
-
100 chon equal 1 won in North Korea
-
100 chon equal 1 won in South Korea
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