The currency "won" is used by two countries: South Korea and North Korea.
- The South Korean won (symbol: ₩, code: KRW) is the official currency of South Korea. It is issued by the Bank of Korea and is the sole legal tender in South Korea since 1975. The South Korean won is more widely recognized internationally and has gone through various historical changes since its introduction in 1949 and reintroduction in 1962.
- The North Korean won is the currency used in North Korea. Both currencies share the name "won" but are distinct and used separately in the respective countries.
Thus, the "won" is the currency of South Korea and North Korea. The more internationally known won is the South Korean won.
