What coin does Korea use?

The South Korean won, denoted by the symbol ₩ and assigned the code KRW, serves as the official currency of the Republic of Korea. This currency plays a pivotal role in the country's economic system, facilitating transactions and facilitating trade both domestically and internationally.

The won is subdivided into smaller units known as jeon, with each won equivalent to 100 jeon. This monetary subunit, although not commonly used in daily transactions, remains an important aspect of the currency's structure and history.

The South Korean economy has experienced significant growth over the years, and the won has played a crucial part in this development. Its value has fluctuated in response to various economic factors, making it an interesting subject for financial analysts and investors alike.

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