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.
References in periodicals archive ?
currency amid growing geopolitical uncertainty in Asia, while the South Korean won was sold against major currencies, dealers said.
Supported by the fall in the South Korean won, Samsung SDI Co.
The South Korean won, meanwhile gained slightly to 1,196.
But the US performance contributed less to profits than China and India amid a 19 percent decline in the dollar against the South Korean won in the first quarter from the year before, Hyundai said.
2 per cent in the third, boosted by a gradual recovery in export markets and aided by weakness in the South Korean won, which made the country's products more competitive.
Emerging Asian currencies, such as the South Korean won and Indian rupee, firmed against the dollar, taking their cue from the firmer euro.
Weaker South Korean won against the US dollar helped boost sales revenue in overseas markets in the first half this year.
Korean Air Lines said Thursday its first quarter loss widened as weakness in the South Korean won drove up costs denominated in dollars.
The South Korean won has depreciated sharply against major currencies in the wake of the global credit crisis.
The South Korean won has faced massive selling pressure as foreign investors have withdrawn capital amid the crisis.
High oil prices, appreciation of the South Korean won, and a sluggish stock market are also weighing on economic aspirations.
She was called on to the stage and asked to pick one of three envelopes which contained a million South Korean won (worth pounds 485), a million Lebanese pounds (worth pounds 339) and a million Italian lire.

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