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<p>[QUOTE=&quot;Troodon, post: 472083, member: 4626&quot;]Actually found answer myself... jeon is equal to 1/100 of a won.&nbsp; The value of the won eventually dropped to point there was no need for the jeon anymore.&nbsp; (Much like Japan abandoned the sen and rin when the value of the yen dropped to the point subunits were no longer a practical necessity.)</p><p><br /></p><p>This note thus has a nominal value of 10/100 (1/10) of 1 won.&nbsp; By today&#039;s exchange rates, that would make it worth about 1/100 of a US cent in exchange value.</p><p><br /></p><p>Interestingly enough, North Korea divided its won into 100 chon (the same subunit South Korea used, but Romanized under a newer system; its Korean spelling was the same as South Korea&#039;s.)&nbsp; The division is just theoretical now though, as South Korea&#039;s... no banknote or coin is denominated in the subunit anymore.</p><p><br /></p><p>The newer Romanization is pretty standard and renders Korean words into what would allow an English speaker to closely aproximate the correct pronunciation.[/QUOTE]</p><p><br /></p>

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