What is South Korea’s Currency? – Everything About the South Korean Won (KRW)

💰 Official Currency of South Korea

South Korea’s official currency is the South Korean Won (KRW).
Its international currency code is KRW.
The South Korean Won is the legal tender used for all financial transactions in the country, including daily shopping, services, and business activities.

🏛️ Brief History of the South Korean Won

The South Korean Won was first introduced in 1945, following Korea’s liberation from Japanese rule.
In 1953, the currency was officially named the “Won” and placed under the authority of the Bank of Korea.

Over the years, South Korea has experienced strong economic growth, and the Won has become one of the most actively traded currencies in Asia.
Today, the South Korean Won is available in modern banknotes and coins and plays a crucial role in the country’s export-driven economy.

💹 Abbreviation and Symbol of the South Korean Won

Abbreviation: KRW
Symbol: ₩

Subunit:
1 South Korean Won = 100 jeon (rarely used in daily payments today)

💸 Can You Send Money from Turkey to South Korea?

Yes. ✅
You can send fast and secure international money transfers from Turkey to South Korea via PayPorter.

With PayPorter’s global network covering more than 185 countries, your money can be transferred directly to bank accounts in South Korea quickly and safely.

Advantages:

• Low transaction fees

• Fast transfer times

• Secure and licensed infrastructure

• Wide international coverage

📍 Visit our page to send money to South Korea.

🌍 Can South Korean Won Be Used in Turkey?

No.
The South Korean Won (KRW) is only valid for use within South Korea.
However, it can be exchanged at some currency exchange offices or banks in Turkey.
You can also transfer money from South Korea to Turkey via PayPorter.

💡 Interesting Facts About the South Korean Won

• Banknotes feature important historical figures such as King Sejong the Great and Shin Saimdang.

• South Korea is one of the world’s leading technology exporters, and the Won plays a key role in international trade.

• Although jeon is the official subunit, it is rarely used in daily life due to the low value.

• The symbol ₩ is used for both the South Korean Won and the North Korean Won, but they are separate currencies.

Last Uptade: February 2026

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