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Easily convert KRW to TWD with ConvertOnline's efficient tool.
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 New Taiwan Dollar (TWD) is the official currency of Taiwan, serving as a medium of exchange for goods and services within the island nation. It is issued by the Central Bank of the Republic of China (Taiwan) and is subdivided into smaller units called cents, with one dollar equal to 100 cents.