Monetary value
Korea uses coins (10 won, 50 won, 100 won and 500 won) and paper money (1,000 won, 5,000 won, 10,000 won and 50,000 won). Bank checks with a value of 100,000 won or more are also commonly used.
Coins
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- KRW 10 (Sip Won)
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- KRW 50 (Oh-Sip Won)
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- KRW 100 (Baek Won)
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- KRW 500 (Oh-Baek Won)
Paper money
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- KRW 1,000 (Cheon Won)
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- KRW 5,000 (Oh-Cheon Won)
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- KRW 10,000 (Man Won)
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- KRW 50,000 (Oh-Man Won)
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- KRW 100,000 (Sip-Man Won)
※ (Bank check of 100,000 won is widely used, and is easily accepted as cash. To use a check, present the check with your ID card and confirm (sign) on the side. after the check.)
See what you can buy with 1,000 won, 5,000 won, 10,000 won and 50,000 won. Now, compare the value of the Korean won against your country’s currency, and compare consumer prices in Korea with yours.
Useful Information – What can we buy?
- It costs 300 won or 500 won to buy a cup of coffee from the vending machine.
- We can buy a pack of snacks or an ice cream at a supermarket for 1,000 won.
- We can get a meal like baekban, bibimbap or naengmyeon at a restaurant for 5,000 won and buy 600g of pork for 10,000 won.
- We can buy 20kg of rice for 50,000 won.