South Korea Guide
Money
The Korean currency is the won (W), which comes in notes of W1000, W5000 and W10,000, and coins of W10, W50, W100 and W500. The highest-value note is of little relative worth by international standards, and it's still possible to see Koreans paying for expensive household goods with foot-high wads of cash. In 2006 the Korean government unleashed plans to release W50,000 and W100,000 banknotes, these notes are expected to be in circulation by 2009. At the time of writing the exchange rate was approximately W1850 to £1, W1300 to €1, and W950 to US$1.