The basic unit of the won is the won. The monetary unit in Korea is "_", Chinese characters are written as "circle" or "yuan", and pinyin is expressed as "won" (_). Sometimes I still use the old name "_" (_, Won). ISO 42 17 defines its standard code as KRW.
Chinese sometimes uses the old name "Wo" (_ (won)), the currency between 1953 and 1962, and the currency between 1902 and 19 10 under Japanese rule, _ (yuan, (won). Issued by Bank of Korea, Bank of Korea. ISO 42 17 defines its standard code as KRW.
Korean won symbol-Korean currency symbol: Korean won. The symbol of Korean currency is _, which means won.
The total number of Korean coins is 1 won, 5 won, 10 won, 50 won, 100 won, 500 won and 6 currencies.
When Korea was founded, its currency was issued with reference to the Japanese yen. From 1 yuan-1 ,000 yuan denomination. Later, after nearly 60 years of South Korea's economic take-off, South Korea's economic prosperity created the current high value of won, but it did not have much impact on the circulation of money. In 2009, 50,000 won was issued according to market demand. The saying that "worthless" is unscientific, and it can only be said that the currency is overvalued.
Money is generally equivalent, and there is a certain proportional relationship between the total money supply and the actual purchasing power. For example, a country has goods worth 654.38+0 billion yuan, and this country has printed 654.38+0 billion yuan of currency. Then what is worth one yuan is sold for one yuan. However, if this country printed 654.38+000 billion yuan in currency and the total value of goods is still 654.38+000 billion yuan, then what was originally sold at 1 yuan will be sold at 654.38+00 yuan. There are a large number of coins printed in South Korea, and what China sells for 1 yuan will cost more than 100 yuan there. So the face value is large.
1, the formation of monetary value has historical factors and the process is complicated.
2, the currency is low, and it cannot be said that it is worthless. This should be considered comprehensively.
There is another special situation in Japan and South Korea, that is, the smallest unit of their currency is "yuan", "yen" or "won". Their currency does not have our decimal places, such as cents. So their 100 yuan is equivalent to our one yuan. So the value of money is not very low. Japan's 100 yen, equivalent to about RMB 1 USD; Won 100 yuan, which used to be similar to 1 yuan, has now depreciated by about 60 cents.