Which country uses the currency code 'KRW'?

The country that uses the currency code KRW is South Korea. KRW identifies the South Korean won, the official currency of the Republic of Korea.

The code follows the ISO 4217 system: KR represents Korea in the code, and W refers to won. The won’s symbol is ₩, and the Bank of Korea issues the country’s modern currency. South Korea’s current won was reintroduced in 1962, replacing the hwan at a conversion rate of 10 won to 1 hwan.

North Korea also uses a currency called the won, which is a frequent source of confusion, but it has a different ISO code: KPW. Japan uses JPY for the yen, while Taiwan uses TWD for the New Taiwan dollar. Thus, KRW specifically points to South Korea, not every country whose currency has the same generic name.