The official currency of South Korea is the won, denoted by the abbreviation KRW and symbol ₩. The primary unit of the won is the yuan, symbolized by 元 or 圆 and identified by the code CNY. The won is fully convertible and commonly traded against various global currencies, including the U.S. dollar (USD), the Japanese yen (JPY), and the euro (EUR). The won is subdivided into 100 units known as “jeon”.
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