The South Korean Won (KRW) is the official currency of South Korea. It is denoted by the symbol ₩, and its ISO 4217 currency code is KRW. The won is subdivided into 100 jeon, although jeon coins are no longer used in daily transactions due to their low value. The currency is issued and managed by the Bank of Korea, the country's central bank.
The BOK is responsible for issuing and managing the South Korean Won (KRW).