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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 Russian Ruble (RUB) is the official currency of the Russian Federation and is subdivided into 100 kopecks. It serves as a medium of exchange for goods and services within Russia and is also used in some neighboring countries. The Ruble has a long history, dating back to the 13th century, and is an integral part of Russia's economy and financial system.