One yuan is equivalent to 186 won. There are two kinds of won: paper money and coins. There are four types of paper money: 1000 won, 5000 won, 10000 won and 50000 won, which are easy to distinguish according to the historical celebrities and colors printed on the paper money.

How much won is one yuan equivalent to?

Bank of China is the first bank in China that has been approved to set up the business scope of dual exchange of Korean won and cash. After the opening of the dual-exchange service of won cash, Bank of China is offering the service of exchanging won cash for RMB cash to residents and non-resident individuals.

In exchange, you need to submit a valid personal identification. However, only non-resident individuals are provided with the service of converting RMB cash into Korean won cash. Moreover, the domestic banking industry can not bring the business process of buying foreign exchange in won for the time being.

When Korea was founded, it publicly issued its face value with reference to the Japanese yen. From 1 yuan-1 ,000 yuan denomination. Later, after 60 years of rapid economic development, South Korea's economic take-off made the face value of today's won too high, but it had no effect on currency circulation. In 2009, 50,000 won was introduced according to the market demand of the industry. It is unreasonable to say "worthless", only that the face value of money is set at a relatively high level.