Be a millionaire in Korea! Due to the units of currency used in Korea, it is pretty easy to become a millionaire (in Korean won)!
The Korean won originated in the early 1900s as the main source of currency in Korea. During this time the Bank of Korea was established. However, when Japan annexed Korea, changes were made to the currency, but today, it the won has returned.
The monetary system is divided into coins and bills. The coins are in denominations of 1, 5, 10, 50, 100, 500. The bills are 1000, 5000, 10000.
For an up to date exchange rate, try the XE Universal Currency Converter.
The won system is pretty easy to understand and the big numbers may be overwhelming at first. You will get the hang of it quickly! Below are all the pieces belonging to the Korean currency system.
Sources : http://en.wikipedia.org/wiki/Korean_won
http://en.wikipedia.org/wiki/South_Korean_won
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