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[hwahn, wahn] /ʰwɑn, wɑn/
noun, plural hwan.
a former monetary unit of South Korea.
< Korean, the reading of a character used as a graphic synonym of wǒn (< Middle Chinese, equivalent to Chinese yuán yuan) Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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British Dictionary definitions for hwan


/hwɑːn; wɑːn/
another name for won2 (sense 1), won2 (sense 2)
Word Origin
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Encyclopedia Article for hwan

monetary units of South Korea and North Korea. The Bank of Korea has the exclusive authority to issue banknotes and coins for South Korea. Banknotes are issued in denominations ranging from 1,000 to 10,000 won. The notes are adorned on the obverse with early Yi (Choson) dynasty figures, including writers Yi Hwang (1,000-won note) and Yi I (5,000-won note) and King Sejong (10,000-won note), who reigned from 1419 to 1450. Coins range in value from 1 to 500 won. The new won was adopted in 1962, when the old won was replaced at a rate of 100 to 1.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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