What is korean money?

The official currency of South Korea is the South Korean won, symbolized as ₩. The currency is issued and regulated by the Bank of Korea. The South Korean won is subdivided into 100 jeon, but as of 1984, the jeon coins are no longer used.

Banknotes in circulation in South Korea come in denominations of ₩1,000, ₩5,000, ₩10,000, ₩50,000, and ₩100,000. Coins are available in denominations of ₩10, ₩50, ₩100, and ₩500.

The South Korean won is widely used for transactions in the country and is accepted in most establishments. ATMs are readily available throughout South Korea, and major credit cards are also widely accepted. It is recommended to have some local currency on hand for smaller purchases and transactions.