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Korean Language

Mastering Korean Money Counting

by KOREAN VIBE 2022. 4. 7.

This peach boy heard...


MEMORIZING 13 NUMBERS IN KOREAN is key of money trading in Korea, which are
1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 100, 1000, 10000

He also got gun to head to memorize a spell like...

Your SHIP carries a BAG of CHUNKS of ROMANO cheese

He can survive only when he solved these 9 questions below..



KOREAN NUMBER MEMORIZATION
 
QUIZ

1. Which fish is number 1?
    [         ] fish
2. Opposite side of WEST?
    [         ]
3. Name of Indian triangular dumpling?
    [         ]
4. Name of Grain Storage in farms?
    [         ]
5. How do you call your God?
    [         ] my God!
6. Which country once united 6 countries in east Europe?
    [         ]
7. The spicy red/green ingredients ?
    [         ]
8. The service of money transfer?  
    [         ]
9. How's your running nose feel like?
    [         ]

 

Are you able to help him to go home? 

(Please...)

 


PROLOGUE


Knowing about official currency unit shapes early experiences in foreign countries. For those planning to travel/live in South Korea, googling Korean currency might have been included in travel preparation.

As you might know, currency of South Korean is called "won" in real life. The ISO 4217 international standardized currency code is KRW, and the abbreviation symbol is ₩.

 

Unfortunately, Korea does not use DOLLAR. This would let you to check bill(&coin) type first before moving on to the real game.

As mentioned above, Korean money unit is WON instead of DOLLAR. Let’s begin at this point. You would like to know total 8 types of Korean money. There are 4 banknotes as well as 4 coins you will handle in your Korean life. Those are like below.

10 won
50 won
100 won
500 won
1000 won
5000 won
10000 won
50000 won

 

Based on these fact, the ways of reading Korean money would be discussed in following chapters.

 

By any chance, if you hit this article for the curiosity about portraits & drawings printed on Korean banknotes and coins, you would enjoy this article more.

 

On the other hand, practical info about value of Korean money such as coffee price in Starbucks Korea, and average KRW-USD exchange rate are written in a different article, with a hope it could help budget planning before your travel.

Are you ready to hurt your brain?

BRING IT ON ! (Arr...)


FIRST MEETING with KOREAN MONEY

 

Your SHIP carries a BAG of CHUNKS of ROMANO cheese 
(ah?)


Your ship will carry a bag of chunks of romano cheese soon. Why? Because your ship carries a bag of chunks of Romano cheese! This phrase is just my suggestion which could ease the first meeting with number 10, 100, 1000 and 10000. Because these numbers pronounce like written in the box below.

 

10 pronounced as SIB for SHIP 
100 pronounced as BAEG for BAG 
1000 pronounced as CHEON for CHUNK 
10000 pronounced as MAHN for ROMANO


10, 100, 1000, 10000 are used as currency unit like you noticed. Also they accompany middling coin/bills in between, for example, 50, 500 and so on. Once you remember "OH MY GOD!", you could complete reading 8 types of all Korean money. Remember, 5 sounds OH my god!!!

 

5 ...... OH my god!!!!
50 is combined sound of “oh” and “sib”, OH-SIB 
500 is combined sound of “oh” and “baek”, OH-BAEG 
5000 is combined sound of “oh” and “cheon”, OH-CHEON 
50000 is combined sound of “oh” and “mahn”, OH-MAHN

 

Now you knew names of all Korean bills, as well as coins. As a kind of reviewing, let's see visual figures of each money and their name together!

 


KOREAN MONEY, 8 Types

 

1,000 won
CHEON + WON
천 원


Do you remember “cheon” for “chunk”? This is “cheon won” bill. 1000 won banknote is blue color one. In south Korea, 1000 won bill appears to be at pretty similar position with 1 US dollar. Although it’s currency exchange rate is about 85% of USD as of 2022 March, I prefer to make it simple saying 1000won equals to 1dollar.

5,000 won
OH + CHEON + WON
오천 원


Do you rememner “oh” for “oh my god”? “oh cheon won” is signifying 5 of “cheon won”, at the same time, is how to call light brown 5000 won Korean banknote. If you agree to my simplified money concept, you would like to remember that 5000won plays role of 5dollar.

10,000 won
MAHN + WON
만 원


“mahn” from “romano” combined with “won”. “Mahn won” refers a green colored banknote with King Sejong on it, which values 10 dollar approximately. 10,000 won and 1,000 won banknotes feel like the most frequantly used types of money in South Korea.

50,000 won
OH + MAHN + WON
오만 원


Then, how would you call five “mahn won”s? “Oh mahn won” must have springed in your mind I guess. This beautiful yellow color Korean banknote is newely published in 2016, to indicate about 50 dollar value in South Korea.

10 won
SIB + WON
십 원


“sib” for “ship”. This tiny 1.22g coin is “sib won”. This is made from copper and alumium alloy, and value at about 1 cent in USD.

50 won
OH + SIB + WON
오십 원


“oh” for “oh my god”, and “sib” for “ship”. You can call this coin “oh sib won”. 50 won coin is a bit bigger than 10 won physically. Rice plant is printed on the front side. This is around 5 cents in USD.

100 won
BAEG + WON
백 원


Do you carry “baeg won” in your “bag”? 100 won has once been released as a precious paper type banknote originally. As time went, it transformed itself to a coin now. Admiral General Yi(or Lee) on the front side reflect how valuable “beag won” was in the past. (10 cents for now)

500 won
OH + BAEG + WON
오백 원


This crane coin values same to five “baeg won”s. “oh baeg won”, so to say, is about half one dollar.

If you are curious about people and pictures printed on Korean money, you might like to read this article.

 

You might like to repeat reading names of Korean currency several times more, then would move on to the next step. Oh wait, how do you say 5,000won in Korean?

REVIEW: KOREAN MONEY, 8 TYPES

10 pronounced as [ ] for [ ]
100 pronounced as [ ] for [ ]
1000 pronounced as [ ] for [ ]
10000 pronounced as [ ] for [ ]
-----------------------
5 pronounced as [ ]
-----------------------
50 pronounced as [ ]
500 pronounced as [ ]
5000 pronounced as [ ]
50000 pronounced as [ ]

 


SECOND MEETING with KOREAN MONEY

 

Forget about 5 bills at this moment. You will need to remember 10, 100, 1000, 10000 in Korean for now. It might sound a right time to bring up the phrase, "Your SHIP carries a BAG of CHUNKS of ROMANO cheese".

 

REVIEW

Your SHIPcarries a BAG of CHUNKS of ROMANO cheese (Aha!)


10 sib
100 baeg
1000 cheon
10000 mahn

 


 

FROM 1 TO 9 in KOREAN


What else do we can make fun of? That's numbers from 1 to 9. You already know one of them though (Don’t you remember? OH my god! o0o). Eight numbers. This is the last thing you need to remember to finish this money reading study.

 

SOUND of NUMBERS 1~9

1 pronounced as EEL for EEL fish
2 pronounced as EE for EAST
3 pronounced as SAM for SAMOSA
4 pronounced as SA for SILO
5 pronounced as OH for ( you fill this )
6 pronounced as YUG for YUGOSLAVIA
7 pronounced as CHIL for CHILLI
8 pronounced as PAL for PAYPAL
9 pronounced as GOO for GOOEY


FYI, number 1 has a its own sound only for bigger money than 100,000,000 won, when it comes first in the figure. A number with eight of zeros - X00,000,000 - is called "eog" which is a bigger unit than "mahn". In application, 100,000,000 is spoken as "eel eog(일 억)" in practical reading.

KOREAN NUMBER MEMORIZATION QUIZ

1. Which fish is number 1?
    [         ] fish
2. Opposite side of WEST?
    [         ]
3. Name of Indian triangular dumpling?
    [         ]
4. Name of Grain Storage in farms?
    [         ]
5. How do you call your God?
    [         ] my God!
6. Which country once united 6 countries in east Europe?
    [         ]
7. The spicy red/green ingredients ?
    [         ]
8. The service of money transfer?  
    [         ]
9. How's your running nose feel like?
    [         ]

 

Are you used to the pronounciations of Korean numbers from 1 to 9 now? To summarize it up, the numbers pronounced as Eel, Ee, Sam, Sa, Oh, Yug, Chil, Pal, Goo, which reminds us eel fish, east, samosa, silo, oh my god, Yugoslavia, chilli, Paypal, gooey respectively.

Are these confusing a little yet? No worries. We will repeat these 9 numbers 4 times very soon, for applying on 10, 100, 1000, 10000 won units.

 

I'm not a smoker though, I need a smoko break..

 


APPLICATIONS

 

Prioritising. That matters for efficient study as you know. Among 4 units of 10, 100, 1000, 10000, which one deserves coming first?

 

Do you care coins when you pay? When buying a thing for $59.85, paying 60 dollar sounds quite common. In the same context, for example, a Korean express train(KTX) ticket from Seoul to Busan costs 59,800won as of April 2022. The biggest money unit of this price is "MAHN" (for Romano), while the second biggest is "CHEON" (for chunk). Like you pay in dollar, you might deem this 6 mahn won approximately.

 

On the other hand, the price of  Starbucks Americano(Tall size) is 4,500won at the moment in Korea. In this case, which unit do you care the most? Perhapse, the first digit "4" gets your attention at first, which is at "CHEON" position. [Click this to see an article for $10 budget plan in Starbucks Korea]

 

Hence, the most efficient way of studying Korean money for practical use is, in my suggestion, aclimatizing with MAHN WON unit and CHEON WON unit first. Only when you spare more time, practicing coin units sounds absolutely fitting. 

 


MULTIPLE 10,000 WON READING

 

Forget about eel fish quiz thing now. You will verbally repeat these numbers 100 times each for 3 days in a row, if so, a native speakers' mind would synchronize to your tongue, no doubt. Open your mind, open your heart. Let's speak! 

 

₩ 10,000 mahn won 만 원
₩ 20,000 ee mahn won 이만 원
₩ 30,000 sam mahn won 삼만 원
₩ 40,000 sa mahn won 사만 원
₩ 50,000 oh mahn won 오만 원
₩ 60,000 yug mahn won 육만 원
₩ 70,000 chil mahn won 칠만 원
₩ 80,000 pal mahn won 팔만 원
₩ 90,000 goo mahn won 구만 원

 

GO HIGHER IF YOU CAN

100,000 sib mahn won 십 만 원
110,000 sib eel mahn won 십 일만 원
120,000 sib ee mahn won 십 이만 원
130,000 sib sam mahn won 십 삼만 원
140,000 sib sa mahn won 십 사만 원
150,000 sib oh mahn won 십 오만 원
160,000 sib yug mahn won 십 육만 원
170,000 sib chil mahn won 십 칠만 원
180,000 sib pal mahn won 십 팔만 원
190,000 sib goo mahn won 십 구만 원
200,000 ee sib mahn won 이십만 원
300,000 sam sib mahn won 십만 원

...
1,000,000 baeg mahn won 백만 원
10,000,000 cheon mahn won 천만 원

 


MULTIPLE 1,000 WON READING

₩ 1,000 cheon won 천 원
₩ 2,000 ee cheon won 이천 원
₩ 3,000 sam cheon won 삼천 원
₩ 4,000 sa cheon won 사천 원
₩ 5,000 oh cheon won 오천 원
₩ 6,000 yug cheon won 육천 원
₩ 7,000 chil cheon won 칠천 원
₩ 8,000 pal cheon won 팔천 원
₩ 9,000 goo cheon won 구천 원

 


MULTIPLE 100 WON READING

₩ 100 baeg won 백 원
₩ 200 ee baeg won 이백 원
₩ 300 sam baeg won 삼백 원
₩ 400 sa baeg won 사백 원
₩ 500 oh baeg won 오백 원
₩ 600 yug baeg won 육백 원
₩ 700 chil baeg won 칠백 원
₩ 800 pal baeg won 팔백 원
₩ 900 goo baeg won 구백 원

 


MULTIPLE 10 WON READING

₩ 10 sib won 십 원
₩ 20 ee sib won 이십 원
₩ 30 sam sib won 삼십 원
₩ 40 sa sib won 사십 원
₩ 50 oh sib won 오십 원
₩ 60 yug sib won 육십 원
₩ 70 chil sib won 칠십 원
₩ 80 pal sib won 팔십 원
₩ 90 goo sib won 구십 원

 

 

 


READING KOREAN MONEY, in PRACTICAL


COMBINATORIAL MONEY READING

 

Reading combinatorial number is, simply to say, reading a price from left to right in order. Each number in price is combinatorial of one of numbers between 1~9, and one of 10, 100, 1000, 1000 units. Check out 4 examples below.


₩ 12,340

  • 10,000 mahn
  • 2,000 ee-cheon 이천
  • 300 sam-baeg 삼백
  • 40 sa-sib 사십
  • 0 (silent)

mahn ee-cheon sam-baeg sa-sib won
(만 이천 삼백 사십 원)


₩ 67,890

  • 60,000 yug-mahn 육만
  • 7,000 chil-cheon 칠천
  • 800 pal-baeg 팔백
  • 90 gu-sib 구십
  • 0 (silent)

yug-mahn chil-cheon pal-baeg gu-sib won

(육만 칠천 팔백 구십 원)


₩ 10,450

  • 10,000 mahn
  • 0 (silent)
  • 400 sa-baeg 사백
  • 50 oh-sib 오십
  • 0 (silent)

mahn sa-baeg oh-sib won

(만 사백 오십 원)

 

₩ 111,110 

  • *** 110,000 sib eel mahn 십일 만
  • 1,000 cheon
  • 100 baeg 사백
  • 10 sib 오십
  • 0 (silent)

sib eel mahn cheon baeg sib won

(십일만 천 백 십 원)

 

*** Number 1 is spoken only for the case "110,000" won. This is because, if you remove "eel" between "sib" and "mahn", it represents 100,000 won, which is not 110,000. Aside from that, number 1s at the other positions stay silent.  

 


MONEY READING, MATERIALS for PRACTICE

 

① AMERICANO

4,500 won

 

② BLUEBERRY SMOOTHIE M

5,900 won

 

③ BEEF NOODLE SOUP

11,110 won

 

④ BBQ PLATE

39,800 won

 

⑤ TRAIN to Busan

59,800 won

 

⑥ TRAIN to Daejeon

23,700 won

 

⑦ GUESTHOUSE

15,620 won / night

 

[photo slide]

012345

 

ANSWERS

① Americano : Sa Cheon Oh Baeg won
② Blueberry smoothie M : Oh Cheon Goo Baeg won
③ Beef noodle soup : Mahn Cheon Baeg Sib won
④ BBQ plate : Sam Mahn Goo Cheon Pal Baeg won
⑤ Train to Busan : Oh Mahn Goo Cheon Pal Baeg won
⑥ Train to Daejeon : Ee Mahn Sam Cheon Chil Baeg won
 Guesthouse : Mahn Oh Cheon Yug Baeg Ee Sib won
⑧ from left to right
- 1st : Mahn Oh Cheon won
- 2nd : Chil Cheon won
- 3rd : Oh Mahn Oh Cheon won
- 4th : Sam Cheon Yug Baeg won
- 5th : Ee Mahn Yug Cheon Pal Baeg Sib won
- 6th : Goo Baeg Goo Sib won

 


PRAYING FOR YOUR SUCCESSFUL LEARNING

 

Writing this long article was challenging for me. However, I believe learning foreign money counting system is much harder than my writing challenge. I wish my friends and other visitors reading this article could get to the point easy and joyably as soon as possible. In your little journey, hopefully my trivial tricks could be helping... Bye.

 

Oh my god, I can't believe you've got through this challenge! 

 

 


Ah.. I forgot about this peach boy by the way... Did he go home? ;)

 

 

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