Verified answer

10won is 1 cent

100 won is 10 cents

1000won is a buck.

Hope I helped!

Coin Money

10 won is equivalent to a penny

50 won is equivalent to a nickel

100 won is equivalent to a dime

500 won is equivalent to 50 cents

Paper Money

1,000 won (1천원) is equivalent to $1

5,000 won (5 천원) is equivalent to $5

10,000 won (1만원) is equivalent to $10

*These are not exact..the value has gone down a bit*

I would say that Korea is a fairly inexpensive place to live. In Seoul, you can get a decent meal for around 3-5 dollars. That includes the main dish with banchan and everything.This site shows you the prices of some of the basic goods that you may need to buy. (For example, a can of coke is about 50 cents in Korea. But of course, Korean soft drink cans are smaller than American ones..a bit skinnier.)

http://english.tour2korea.com/01TripPlanner/Essent...

As of last night (11 June) here in South Korea, the

official Bank exchange rate is 906 Won per dollar. Of course, the banks won't exchange at exactly that rate; they want/need their profit also.

The unofficial blackmarket rate is a little higher; around 920 Won per dollar.

1000 Won is a dollar in us... and 10000 is 10 dollar...

but if u go 2 korea some of the stuff that they sell in korea is a lot cheaper then america...

The most accurate converter can be found at:

www.xe.com