Buy South Korean Won (KRW)

The Low Down on South Korean Currency

Currency:	South Korean Won
Currency code:	KRW
Central Bank:	Bank of Korea
Currency symbol:	₩
Bank notes:	₩1,000, ₩2,000, ₩5,000, ₩10,000, ₩50,000
Coins:	₩1, ₩5, ₩10, ₩50, ₩100, ₩500

The official currency in South Korea is the won; which is issued by The Bank of Korea. 1 Won is divided into 100 jeon; although the jeon is no longer used for regular transactions.

The won in its current form has been used in South Korea since 1962, and officially replaced the previously-used hwan in 1975.

The ‘won’ has been used throughout several periods of Korean history, with the ‘old won’ referring to a cognate of the Japanese yen and Chinese yuan used in Korea prior to 1910.

Learn more about the AUD to KRW Exchange Rate and its economical influences.

What to spend your South Korean won on:

Bottle of Coke
1,659 KRW
One-way train ticket
1,250 KRW
Pair of Jeans
67,825 KRW
Movie ticket
10,000 KRW
Admission to the four palaces
10,000 KRW

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Must-sees in South Korea

Bukchon Hanok Village
One of the historic hot-spots that South Korea has to offer, Bukchon Hanok historic village, dates back more than 500 years to the Joseon Dynasty. Narrow streets service a variety of ancient homes, teahouses and pagoda-roofed guesthouses of old Korea.

Jeju Island
Jeju is affectionately known by locals as the ‘Island of the Gods’ for good reason. One of the most romantic places to visit in South Korea, Jeju sits among lush forested scenery boasting stunning shores, an immersive local culture and astonishing lava tubes.

Boseong
If it’s breath-taking scenery you’re after, Boseong will not disappoint. Hills upon hills of green tea fields sprawl endlessly throughout this area known as the tea capital of South Korea. Tea culture is strong here with many delicacies to try, including green tea pork belly and ice cream.

Travelling to South Korea in the Future?

Track Rates and get notified when the KRW matches your ideal rate so you can decide if it’s a good time to buy!

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Prefer to Buy in Store?

If buying online is not your thing, visit your nearest Travelex store around and one of our friendly sales consultants will help you organise your wons for your trip to South Korea.

Find a Store

How to Keep your Money Safe while Travelling

Dealing with lost or stolen funds while taking a trip is not only a hassle, but also extremely stressful. Learn how to keep your money safe while travelling.

FAQ Relating to North Korean Currency

What KRW coins are used?
Coins are used increasingly less each year in South Korea, however you may see coins for won denominations of 10, 50, 100 and 500.
Who prints the South Korean won?
The Bank of Korea is the only institution in South Korea with the right to print banknotes and mint coins.
What is the symbol for the South Korean won?
The symbol for the Sough Korean won is ₩

^{*Rates are subject to change throughout the day. In-store rates vary compared to online.}

^{**The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip.}

^{^^Based on mid-market and Travelex Online AUD to FX exchange rates as of the date of the relevant social media post and/or email communication. Rates are subject to change throughout the day. Any rates and savings are quoted as a guide only.}

^{Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Online Foreign Currency Product Disclosure Statement and Terms and Conditions before deciding whether to acquire the product.}