<P> The won ( / wʌn / ; Korean : 원 , Korean pronunciation : ( wʌn ) ; symbol : ₩ ; code : KRW ) or the Korean Republic Won is the currency of South Korea . A single won is divided into 100 jeon , the monetary subunit . The jeon is no longer used for everyday transactions , and appears only in foreign exchange rates . The won is issued by the Bank of Korea , based in the capital city of Seoul . The official currency of North Korea , issued by the Central Bank of the Democratic People 's Republic of Korea which is based in its capital city , Pyongyang , is divided into the same number of units , and is known as the North Korean won . </P>
what is the money called in south korea
won