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The South Korean Won (KRW) is the official currency of South Korea, introduced in 1945 to replace the Korean yen. It is a fiat currency, meaning its value is not backed by physical commodities but rather by the government that issues it. The Won is used for all transactions within South Korea and is subdivided into 100 jeon, though the use of jeon is largely obsolete in everyday transactions.
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, a British Overseas Territory located in the South Atlantic Ocean. It is pegged to the British Pound Sterling (GBP) at par, meaning that one Falkland Islands Pound is equivalent to one British Pound.