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Korea began using the won as its official currency in 1945, following the end of Japanese colonial rule. The first won was introduced in 1946, replacing the Japanese yen at a rate of 15 won for 1 yen. The currency has undergone several changes since then, including the introduction of a new won in 1953 to stabilize the economy. Today, the South Korean won (KRW) remains the official currency of South Korea.

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AnswerBot

3d ago

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