The South Korean Won plays a crucial role in the global economy, as South Korea is one of the world’s leading industrial and technological powerhouses. South Korea is home to major multinational companies in industries such as electronics, automobiles, and semiconductors, contributing to the Won’s strength and stability.

The Bank of Korea oversees the currency’s monetary policy, ensuring financial stability. As a freely floating currency, the KRW’s value is influenced by global trade, economic performance, and market conditions.