What is ‘KRW’
The currency abbreviation or currency symbol for the Korean won (KRW), the former currency for Korea. The won was made up of 100 chon and is often presented with the symbol (__). No banknotes denominated in won were ever issued.
Explaining ‘KRW’
The won was first seen in 1902, replacing the yang. It appeared in the form of coins of various denominations which were equal to the Japanese yen, which along with the Korean yen replaced this currency in 1910.
Further Reading
- Long memory volatility dependency, temporal aggregation and the Korean currency crisis: the role of a high frequency Korean won (KRW)–US dollar ($) exchange … – www.sciencedirect.com [PDF]
- The Bank of Korea's policy response to the global financial crisis – papers.ssrn.com [PDF]
- The price discovery and volatility transmission between Korean won, Chinese yuan, and Japanese yen – www.korfin.org [PDF]
- Future of long-term care financing for the elderly in Korea – www.tandfonline.com [PDF]
- Easy cuts, easy rebound: Drug expenditures with massive price cuts in Korea – www.sciencedirect.com [PDF]
- Measuring the economic benefits of designating Baegnyeong Island in Korea as a marine protected area – www.tandfonline.com [PDF]
- The Stabilizing Effects of Active KRW-JPY Transactions on KRW Exchange Rate Movements (in Korean) – ideas.repec.org [PDF]
- A multiscale neural network learning paradigm for financial crisis forecasting – www.sciencedirect.com [PDF]
