The official currency of South Korea is the Korean won, represented by the symbol ₩. This currency sign is used both domestically and internationally to denote prices, wages, and financial transactions involving the won. Like the dollar ($) or euro (€), the won symbol helps distinguish South Korea’s currency in global markets.
Quick Picks: Key Facts About the Korean Won Symbol
- Symbol: ₩
- Code: KRW (ISO 4217 international code)
- Currency Name: Won (원 in Hangul)
- Subdivision: 1 won = 100 jeon (전), though jeon is rarely used today.
Origin of the Korean Won Symbol
The won symbol ₩ is derived from the first letter of the word “won” (원), which itself comes from the Chinese character 圓 (yuan), meaning “round” or “circle,” historically referencing round coins. The symbol resembles a capital W with a horizontal strike through it, similar to how the dollar ($) and yen (¥) use additional strokes to differentiate them as currency signs.
How the Korean Won Symbol is Used
- In South Korea: Prices are typically written with the symbol followed by the number (e.g., ₩10,000).
- Internationally: The ISO code KRW is often used in financial markets (e.g., 10,000 KRW).
- In Digital Platforms: The Unicode character for the won sign (₩) allows it to appear in text, websites, and financial apps.
Comparison with Other Currency Symbols
| Currency | Symbol | ISO Code | Country/Region |
|---|---|---|---|
| Korean Won | ₩ | KRW | South Korea |
| Japanese Yen | ¥ | JPY | Japan |
| Chinese Yuan | ¥ | CNY | China |
| US Dollar | $ | USD | United States |
| Euro | € | EUR | European Union |
Examples of Korean Won Symbol in Everyday Use
- Food prices: A bowl of bibimbap might cost ₩8,000 in Seoul.
- Transportation: A subway ticket could be around ₩1,250.
- International exchange: 1 USD ≈ 1,300 KRW (exchange rate varies).
FAQ: Korean Won Symbol
What does the Korean won symbol look like?
The won symbol (₩) looks like a capital W with a single or double horizontal line through it.
What is the difference between ₩ and KRW?
₩ is the currency symbol used in South Korea, while KRW is the international three-letter code used in finance and exchange markets.
Is the won related to the yen and yuan?
Yes. All three names (won, yen, yuan) derive from the same Chinese character 圓, meaning “round” or “circle.”
Does North Korea use the same symbol?
North Korea uses the North Korean won with the same symbol (₩), but its ISO code is KPW, and it is a completely separate currency.
Conclusion
The Korean won symbol (₩) represents South Korea’s national currency and carries historical ties to East Asian monetary traditions. Whether seen in markets, restaurants, or financial reports, this symbol is a key identifier of South Korea’s vibrant economy. Knowing its meaning and usage helps travelers, investors, and learners better navigate Korean culture and finance.