What currency is used in South Korea?
Posted on Oct 21, 2025 / Finance
South Korea uses the South Korean won, written as KRW. The won has been the official currency since 1953, following the Korean War. Banknotes feature famous historical figures, cultural symbols, and landmarks. Cash is still commonly used, but cards and mobile payments are widely accepted, especially in cities like Seoul and Busan. Coins are used for smaller transactions, though most payments are digital. ATMs and exchange offices are easy to find. The won reflects South Korea’s modern economy and technological advancement.
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