It’s similar to any other check you’d use. On the back of the check, you must sign your name and write down a phone number and/or address. Now, if you get your hands on a 100,000 Won check, there is something you need to know. The counting system may take a little getting used to as it differs from the western languages. Put these all together and you get a literal translation of ten 10,000 Won. The next is 만 (man) which once again means 10,000 and the last is Won 원 (won). The first syllable is 십 (sip) which means 10. And now by syllable, 십-만-원 (sip-man-won).
The word for 100,000 Won is 십만 원 (simman won). This check is accepted almost everywhere and it’s pretty much used like cash. Now since 10,000 Won is the largest bill and is roughly equivalent to USD10, you may find yourself with quite a thick wallet and just for this reason, Korean banks issue a 100,000 Won check. 삼 (sam) is 3, 백 (baek) is 100 and 원 (won) is Won. 이 (i) is 2, 백 (baek) is 100 and 원 (won) is Won. Next is 200, add the number 2 and then say 100 and then add Won afterwards. And by syllable, 백 (baek) is 100, 원 (won) is Won. It’s a slight phonetic change but you will get used to it. Now, if you noticed, when I broke it down by syllable, I said 원 (won) with Won but if I say it a little fast, it kind of sounds like 눤 (nwon). Let’s move on to the largest bill 10,000 Won. Put these two together and you get 5000, simple and the last syllable is Won which we covered. The next syllable is 천 (cheon) which once again means a 1000. And now by syllable, 오-천 원 (o-cheon won). Next off the bat, 5000 Won, 오천 원 (ocheon won). The last part is 원 (won) which as you can guess mean Won. The first half is 천 (cheon) which means 1000. Let’s learn to say and understand these denominations. All right, let’s move on to today’s lesson. Now, there are smaller coins but you don’t see them too often. Paper currency includes a 1000 Won bill, a 5000 Won bill and a 10,000 Won bill.Ĭoins come in denominations of 10, 50, 100 and 500 Won. The exchange rate with the Euro is roughly 1200 Won to €1. As of March 15, 2007, the exchange rate is roughly a 1000 Won to a $1.05. In recent years, the Won has grown stronger due to the Asian economic boom and recently has reached one of its highest marks against the dollar. A lot of English speakers say 완 (wan), but really it’s 원 (won). The proper pronunciation for this is 원 (won).
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