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Topic: South Korean won

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	South Korean Won (Site not responding. Last check: 2007-10-24)
		Won is a currency unit that serves as the national currencies to the countries Democratic People's Republic of Korea and the Republic of Korea commonly known as North and South Korea though values of two versions are not same.
		South Korea is the largest economy in Asia and ranks 3rd in context of highest GDP in the continent.
		Korean war fought between 1950-1953 resulted in drastic drop in the value of won and the dollar exchange rate shaped up in the contrasting figure that was 1 dollar = 6000 won.
	www.crnindia.com /currency/sk_won.html (1680 words)

	South Korea
		The United Nations-backed South and the Chinese-backed North eventually reached a stalemate and an armastice was signed in 1953, splitting the peninsula along a demilitarised zone at about the 38th parallel, which had been the original demarcation line.
		South Korea's capital and largest city is Seoul in the northwest, other major cities include nearby Incheon, central Daejeon[?], Gwangju[?] in the southwest and Daegu[?] and Busan in the southeast.
		Koreans have lived in Manchuria for many centuries, who are now a minority in China, and Joeseph Stalin[?] sent thousands of Koreans[?], against their will, to Central Asia (in the former U.S.S.R.) from Vladivostok, while the Korean population in Japan moved there during the colonial period.
	www.ebroadcast.com.au /lookup/encyclopedia/so/South_Korea.html (1085 words)

	ECONOMY OF SOUTH KOREA : Encyclopedia Entry
		Following the Japanese occupation and the Korean War, the Syngman Rhee administration of the newly formed South Korean state used foreign aid from the United States during the 1950s to build an infrastructure that included a nationwide network of primary and secondary schools, modern roads, and a modern communications network.
		By 1980 the South Korean economy had entered a period of temporary decline: negative growth was recorded for the first time since 1962, inflation had soared, and the balance-of-payments position had deteriorated significantly.
		South Korean planners realized that the country needed to advance quickly in such areas as high technology if the economy were to grow while matching foreign competition.
	bibleocean.com /OmniDefinition/Economy_of_South_Korea (8410 words)

	RATE-EXCHANGE.org - South Korea Currency / South Korean Won
		South Korea’ democratic government has fostered positive relations with the Western world, promoting significant foreign investment and helping to maintain the stability of the won through a relatively moderate inflation rate.
		Later, a 5,000 won banknote was introduced in 1972, and a 10,000 won banknote was introduced in 1973.
		The South Korean won is divided into 100 chon, however the smallest denomination of coin is one won, and most consumer prices are rounded in increments of 10 won.
	rate-exchange.org /currency/south-korean-won.cfm (416 words)

	South Korean won - Wikipedia, the free encyclopedia
		South Koreans use electronic means of payment, intra-bank transfers, and credit cards, to a greater extent than even in the U.S. On the other hand, debit cards are not accepted for payment in businesses.
		The 5000 won notes were released on January 2, 2006, and the 1000 and 10,000 won notes are planned to be released in January 2007.
		The 5000 won notes were release first since they were the most forged notes (2508 out of the 3153 forged notes detected in the 1st quarter of 2005, an increase of eighteen-fold from the same time in the previous year) and they are circulating in a smaller volume (about 6% of all circulating notes).
	en.wikipedia.org /wiki/South_Korean_won (2719 words)

	Bankintroductions.com - SOUTH KOREA
		South Korea has since implemented strict austerity policies to counter this significant regional economic collapse which led to South Korea's worst recession in over 30 years as real GDP contracted by 5.8 percent in 1998.
		South Korea's giant congolomerates, chaebols, the family owned business empires that still control much of the economy are presently trying to improve their transparency ie.
		South Korea is one of the world's largest oil consumers and is a net energy importer for oil which may impact domestic inflation and deteriorate balance of payment figures with current high oil prices.
	www.bankintroductions.com /skorea.html (1828 words)

	South Korea travel guide - Wikitravel
		Korean Air and Asiana are the principal carriers to and from South Korea.
		The border between North and South Korea is considered the most heavily fortified border in the world, and while some crossings have occurred at the truce village of Panmunjeom, one of the cases (a Soviet defector in 1984) was shot at by both sides and, although he survived, you might not be so lucky.
		South Korea is small enough that flying is more of a luxury than a necessity, with the notable exception of connections to the island of Jeju.
	wikitravel.org /en/South_Korea (8286 words)

	South Korea - Worldworx Travel guide information, photography and email
		The Korean War in the 1950’s is harsh evidence of this, yet this struggle to remain an independent nation appears to have paid off well, in respect of Koreans having maintained their own unique blend of cultural heritage and customs.
		South Korea is relatively small in size, with a landmass of 98,190 sq km For a small county though, South Korea does have a large population of approximately 48.3 million, 10.6 million of which live in the capital, Seoul.
		Koreans are extremely receptive towards foreign tourists, and often extend a warm welcome to the curious tourist and delight in explaining life from a Korean point of view as well as providing an insight into Korean history and culture.
	www.worldworx.tv /s-korea/index.htm (474 words)

	North Korean won Information
		Won is a cognate of the Chinese yuan and Japanese yen.
		Since 2001, the North Korean government has abandoned the meaningless rate of 2.16 won to the dollar (which is said to have been based upon Kim Jong-il's birthday, February 16) and banks in the country now issue at rates closer to the fl market rate.
		However, rampant inflation has been eroding the North Korean won's value to such an extent that currently it is believed to be worth about the same as the South Korean won.
	www.bookrags.com /North_Korean_won (629 words)

	Won - Galbijim
		The South Korean won generally goes at around 1,000 to one US dollar, or ten to one yen.
		South Korea produces its currency in 10(십)-, 50(오십)-, 100(백)-, and 500(오백)-won denominated coins and 1,000(천)-, 5,000(오천)-, and 10,000(만)-won denominated bills.
		The South Korean government is in the middle of updating its currency to combat counterfeiting.
	wiki.galbijim.com /Won (321 words)

	No spam at night? South Korea reveals anti-spam plan - Sophos comments
		The South Korean Government has announced a raft of measures to tackle unsolicited commercial email, or spam.
		The Government will invest 10 billion Korean Won by 2007 in the fight against spam mail, and spammers will face fines of 30 million Korean Won (approximately GBP 13,650), a 300 percent increase from the previous penalty.
		Research published by Sophos yesterday revealed that South Korea is the fourth biggest producer of spam - after the USA, Canada and China - accounting for over 1 in 20 spam messages.
	www.sophos.com /pressoffice/news/articles/2004/02/sa_spamatnight.html (338 words)

	Won
		Won (원 圓 McCune-Reischauer wŏn; Revised Romanization: won) is the official currency used in both South Korea and North Korea.
		The word jeon is also used in Korean to translate the word "cent," and in this context accompanies bul, which means "dollar." These two words are used by Koreans living in the United States and Canada when referring to the currencies of those two countries.
		Won is also the name of a new Korean sect of Buddhism.
	www.gamesinathens.com /olympics/w/wo/won.shtml (149 words)

	Seoul Searching - Information about Seoul transportation systems and getting around by bus, subway, rail, air, rental ...
		Usually, it costs 50,000 to 70,000 South Korean Won per day to rent a small car, 70,000 to 90,000 South Korean Won for a mid-sized car, 120,000 to 270,000 for a deluxe car and 90,000 to 100,000 for a van (April, 2002 rough estimates).
		Seoul's subways are marked in both Korean, English and Chinese characters on signs, maps, and on public address announcements.
		South Korea has two international ports, one in Busan and and one in Incheon connecting Japan and China respectively.
	www.seoulsearching.com /transportation (1128 words)

	Emerging Asia FX-Won tumbles on N.Korea nuclear test news (Site not responding. Last check: 2007-10-24)
		South Korean markets had been edgy and the won opened weak after North Korea's warning yesterday of catastrophic consequences after a weekend border incident with its southern neighbour.
		South Korean markets were shut for festival holidays on Thursday and Friday.
		South Korea said its soldiers fired warning shots on Saturday at five North Korean soldiers who had climbed over the military demarcation line.
	news.webindia123.com /news/Articles/Business/20061009/473830.html (349 words)

	Korean won sets new 9-year high against U.S. dollar
		The local currency closed at 913.80 won to the U.S. dollar Thursday, the strongest close since Oct. 2, 1997 when the Korean currency closed at 913.50 won to the greenback.
		Earlier in the day, the South Korean central bank decided to increase the required reserve ratio on foreign currency demand deposits to 7 percent from 5 percent, a move that will put a lid on lenders' capability to extend foreign currency loans.
		The won's strength comes as a bane to South Korean exporters by making their products more expensive in overseas markets and eroding their dollar earnings.
	news.tradingcharts.com /forex/7/0/86674007.html (266 words)

	Monday, December 4, 2000
		Americans in South Korea are keeping a closer watch on currency exchange rates as the dollar steadily increases in value over the Korean won.
		Korean foreign exchange analysts say the won has become weaker because of instability in the Southeast Asian currency market, especially in Thailand, Taiwan, Indonesia and Hong Kong.
		When the South Korean economy nearly collapsed in late 1997 and Seoul had to ask the International Monetary Fund for an unprecedented $59 billion bailout loan, the value of the dollar surged into the exchange rate stratosphere.
	www.pstripes.com /dec00/ed120400c.html (390 words)

	Currencies: South Korean won drops - Marketplace by Bloomberg - International Herald Tribune
		The South Korean won dropped on Monday, halting a two-day advance, on speculation the central bank may sell the currency in order to protect exporters.
		"South Korean authorities are clearly reluctant to allow much more strength, and that remains a big risk for anybody expecting to see appreciation," said Magnus Prim, a senior currency strategist at Skandinaviska Enskilda Banken in Singapore.
		The Thai baht also halted a two-day rise to trade at 38.17 per dollar in Bangkok on speculation overseas funds were selling the nation's assets.
	www.iht.com /articles/2006/05/29/bloomberg/sxforex.php (300 words)

	South Korea ETF Looks Like a Sell - SeekingAlpha (Site not responding. Last check: 2007-10-24)
		South Korea has a population of only 48 million but ranks as the world's 10th largest economy, just behind China and ahead of Brazil.
		It is worth mentioning that a stronger South Korean won could limit the downside of EWY but it also hurts it when its components report earnings.
		Lastly, I believe the success story of South Korea's economy prevails but its conglomerates face one of those "inflection points" Andrew Grove warned of, and so far based on the shift in investment and the continued profitability of conglomerates, the results are positive.
	seekingalpha.com /article/15446 (559 words)

	South Korean Won’t Need to Wait Long, or Look Far, for First Crisis as U.N. Chief - New York Times (Site not responding. Last check: 2007-10-24)
		The South Korean foreign minister, Ban Ki-moon, is expected to be approved soon as the next secretary general of the United Nations.
		Ban has been an advocate of the policy of the South Korean president, Roh Moo-hyun, who has favored engaging North Korea in dialogue and using economic incentives to entice it to compromise.
		An article in some copies yesterday about Ban Ki-moon, the South Korean foreign minister, who is expected to be the next United Nations secretary general, misstated the year that he began his tenure as first secretary for the South Korean mission to the United Nations.
	www.nytimes.com /2006/10/09/world/asia/09ban.html?ex=1318046400&en=ce42ca83381ea14b&ei=5090&partner=rssuserland&emc=rss (1403 words)

	South Korean 100 Won note from Korean War (Site not responding. Last check: 2007-10-24)
		This is the money issued by the South Korean Government.
		In 1950-51 while I was there the exchange rate was 6,000 Won to the U.S. Dollar.
		We paid the Korean workers who works for us 1,000 Won a day and they were happy to get the work.
	www.paulnoll.com /Korea/War/money-SK-100.html (141 words)

	AsiaSource Interview with Kim Dong Won
		Kim Dong Won was born in 1955 in Seoul, South Korea.
		Many Korean activists think that if they have no experience in jail then it is hard to understand the political cause.
		They don't think of South Koreans as enemies even though the political situation in South Korea was not kind to them.
	www.asiasource.org /news/special_reports/kimdongwon.cfm (1705 words)

	Asia with PRIDE - Currency Crisis! - Teacher's Guide
		One reason South Korea was chosen for this lesson is that the effects of the currency crash are not as visible or dramatic in that country (and for the fact that Pride II will be visiting Korea in June).
		Students then examine the changing value of the won by looking at the Daily Exchange Rate Graph which shows the number of US dollar per South Korean won from January 1997 to May 1998.
		While the cartoon of the won rising is a bit exaggerated, clearly the South Korean economy is on the road to recovery.
	www.intandem.com /NewPrideSite/Asia/Lesson13/Lesson13_Tchr.html (1388 words)

	South Korean stocks plunge - International Business - MSNBC.com (Site not responding. Last check: 2007-10-24)
		South Korean markets were closed Thursday and Friday for national holidays.
		Markets in South Korea, the world’s 10th-largest economy, have long been considered vulnerable to potential geopolitical risks emanating from the North.
		The two countries, which fought the 1950-53 Korean War, are divided by the world’s most heavily armed border.
	www.msnbc.msn.com /id/15192487 (361 words)

	South Korean Won, Information on the currency of South Korea, KRW
		The won historically had been broken down into 100 jeon, but typically the smallest amount that crosses hands presently is 100 won.
		The peg formally stood arbitrarily at 2.16 won to one dollar (February 16 is the birthday of Kim Jong-il) but has recently been brought down in value because it was being exchanged at a far lower rate on the fl market.
		South Korea's chaebol are often compared with Japan's keiretsu business groupings, the successors to the pre-war zaibatsu; and the Chinese characters used in Korean and Japanese for chaebol and zaibatsu are even the same.
	www.gocurrency.com /countries/south_korea.htm (605 words)

	Hynix sees semiconductor profits plummet \| CNET News.com
		South Korean chipmaker attributes 31 percent drop in profits to a decline in chip prices and a strong Korean won.
		South Korean chip manufacturer Hynix Semiconductor on Thursday blamed a 31 percent drop in profits on a strong Korean won and a decline in average chip prices.
		Hynix recorded an operating profit of 360 billion won ($3.8 million) in the first quarter of 2006, compared with the previous quarter's 522 billion won profits.
	news.com.com /2100-1006_3-6063399.html (535 words)

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