"Won" is the past tense of the verb "win," which means to achieve victory in a competition or to gain something through effort. It is commonly used in various contexts, such as sports, games, and contests, where one participant or team outperforms others. In addition to its verb form, "won" can also refer to the currency of South Korea, known as the South Korean won. This currency is used for everyday transactions in South Korea and is symbolized by "₩." The won is subdivided into smaller units called jeon, although the jeon is rarely used in practice.