Homonym: 원 (Circle)
"원" (won) is the official currency of South Korea, represented by the symbol ₩. It is subdivided into 100 jeon, although jeon is rarely used in everyday transactions. The won is issued by the Bank of Korea and has been in use since 1945, replacing the Korean yen.
The value of the won fluctuates based on various economic factors, including inflation, trade balances, and interest rates. It is commonly used in both cash and electronic transactions throughout South Korea, making it an essential part of daily life for its citizens.