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South Korean Won

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South Korean Won
The currency of South Korea. It became the currency of South Korea in 1962, replacing the hwan. It was pegged to the U.S. dollar at various rates until 1997, when it became a floating currency. See also: Asian financial crisis.


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Despite rising against the yen on Friday, the dollar came under pressure against some Asian currencies such as the South Korean won and the Singapore dollar, prompting fresh action by central banks in the region to prop up the US currency, dealers said.
Despite rising against the yen on Friday, the dollar came under pressure against some Asian currencies such as the South Korean won and the Singapore dollar, prompting fresh action by central banks in the region to prop up the US currency, dealers said.
Asian fans have the chance to watch Yang go up against Woods once again at the HSBC Champions in Shanghai in November, an event the South Korean won three years ago by beating the American world number one.
 
 
 
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