How To Sell South Korean Won Online
01
Choose Currency
Choose how much you wish to sell and calculate the price. Verify your identity and the preferred method for delivering your funds.
02
Ship Your Currency
Request a shipping kit and shipping instructions. The instructions will be delivered to you electronically.
03
Receive Your Funds
You will receive a receipt for the currency exchange, and the funds will be transferred into your account once we receive your shipment.
South Korean Currency FAQs
Anything else on your mind about exchanging South Korean won or navigating related financial services?
Whether you’re preparing for a trip, checking exchange rates, or planning international money transfers,
these answers will help you understand how the won works and how US First Exchange ensures secure,
reliable transactions every time.
What Does South Korean Money Look Like?
South Korean won banknotes are colorful and culturally themed. Each note features a historical figure
on the front and art or heritage scenes on the back.
- ₩10,000 note: green, features King Sejong the Great, the creator of Hangul.
- ₩50,000 note: yellow-orange, features Shin Saimdang, a poet and artist.
Notes also include advanced security features such as holographic strips, raised print, watermarks,
and color-shifting ink.
At US First Exchange, we verify all Korean won using De La Rue authenticity machines to ensure
your banknotes are 100 % genuine.
Who Sets the South Korean Won Exchange Rate?
The Bank of Korea manages monetary policy, but the KRW–USD rate is market-driven and depends on
global supply, demand, trade, and interest rates.
Banks and exchange providers adjust these base rates slightly, which is why prices may differ between platforms.
You can always check real-time conversion with our
online currency converter.
Why Is the South Korean Won Considered Weak?
The won can appear “weak” compared to major currencies due to:
- Inflation: Periods of higher inflation reduce purchasing power.
- History: The won has been revalued several times since the Korean War.
- Global ranking: KRW is less traded internationally than USD or EUR.
However, South Korea’s economy is strong and the won remains a reliable, stable currency.
Track performance or
buy/sell KRW safely through our platform.
Should I Buy Korean Won Before Traveling?
Yes — it’s smart to have some KRW before your trip. Cash is still widely used in taxis, small
restaurants, and markets.
Buying in advance lets you avoid high airport rates and hidden fees.
Purchase Korean won online to lock in a good rate,
or set
exchange rate alerts
to buy at the perfect time.