won

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won

1. the standard monetary unit of North Korea, divided into 100 chon
2. the standard monetary unit of South Korea, divided into 100 chon

Won

 

the monetary unit of the Korean Democratic Peoples’ Republic. The won was introduced in December 1947 to replace the previously circulated yen of the Bank of Korea. It is divided into 100 chon. At the rate of exchange of the Gos-bank (State Bank) of the USSR (January 1971), 100 won = 74 rubles, 93 kopecks (1 ruble = 1.33 won).