North Korean won

E45214

fiat currency national currency

The North Korean won is the official fiat currency of North Korea, tightly controlled by the state and not freely convertible on international markets.

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All labels observed (3)

Label	Occurrences
North Korean won canonical	14
Chosŏn Minjujuŭi Inmin Konghwaguk won	1
North Korean won (early issues)	1

How this entity was disambiguated

This entity first appeared as the object of triple T356121 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: North Korean won
Context triple: [North Korea, currency, North Korean won]

A. Kim Man-il
Kim Man-il was the younger son of North Korean leader Kim Il Sung, who died in childhood and is remembered primarily within the context of the ruling Kim family’s history.
B. Kim Jong Un
Kim Jong Un is the authoritarian Supreme Leader of North Korea, known for his dynastic rule, nuclear weapons program, and strict control over the country’s political and social life.
C. Kim Yong-il
Kim Yong-il is a North Korean politician and technocrat who served as the country's Premier from 2007 to 2010.
D. Kim Pyong-il
Kim Pyong-il is a North Korean diplomat and politician, best known as a son of founding leader Kim Il Sung and a long-serving ambassador abroad.
E. Kang Pan-sok
Kang Pan-sok was a Korean woman best known as the mother of North Korea’s founding leader Kim Il Sung and is venerated in North Korean state mythology.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: North Korean won
Target entity description: The North Korean won is the official fiat currency of North Korea, tightly controlled by the state and not freely convertible on international markets.

A. Kim Man-il
Kim Man-il was the younger son of North Korean leader Kim Il Sung, who died in childhood and is remembered primarily within the context of the ruling Kim family’s history.
B. Kim Jong Un
Kim Jong Un is the authoritarian Supreme Leader of North Korea, known for his dynastic rule, nuclear weapons program, and strict control over the country’s political and social life.
C. Kim Yong-il
Kim Yong-il is a North Korean politician and technocrat who served as the country's Premier from 2007 to 2010.
D. Kim Pyong-il
Kim Pyong-il is a North Korean diplomat and politician, best known as a son of founding leader Kim Il Sung and a long-serving ambassador abroad.
E. Kang Pan-sok
Kang Pan-sok was a Korean woman best known as the mother of North Korea’s founding leader Kim Il Sung and is venerated in North Korean state mythology.
F. None of above. chosen

Statements (42)

Predicate	Object
instanceOf	fiat currency ⓘ national currency ⓘ
blackMarketExchangeRate	differs significantly from official rate ⓘ
capitalControls	strict ⓘ
centralBank	Central Bank of the Democratic People’s Republic of Korea ⓘ
circulationOutsideCountry	very limited ⓘ
controlledBy	Government of North Korea ⓘ linked to: North Korean government
convertibility	not freely convertible ⓘ
country	North Korea ⓘ
currencyFamily	won currencies of the Korean peninsula ⓘ
currencySign	₩ ⓘ
denominationType	banknotes ⓘ coins ⓘ
economicRole	medium of exchange in North Korea ⓘ store of value within North Korea’s controlled system ⓘ unit of account in North Korea ⓘ
exchangeRegime	state-controlled ⓘ
firstIntroducedInCentury	20th century ⓘ
foreignExchangeMarketStatus	highly restricted ⓘ
hasFeature	portraits and socialist imagery on banknotes ⓘ
hasRestriction	foreigners face limits on holding and using it ⓘ
IMFStatus	non-convertible currency ⓘ
inflationRisk	historically high ⓘ
introducedAs	successor to the Korean yen in the North ⓘ
ISO4217Code	KPW ⓘ
issuer	Central Bank of the Democratic People’s Republic of Korea ⓘ
legalTenderIn	North Korea ⓘ
monetaryAuthority	Central Bank of the Democratic People’s Republic of Korea ⓘ
monetaryPolicy	centrally planned ⓘ
monetarySystem	centrally administered ⓘ
officialCurrencyOf	North Korea ⓘ
peggedStatus	not freely traded on global forex markets ⓘ
regulatesUseOfForeignCurrency	Government of North Korea ⓘ linked to: North Korean government
relatedCurrency	South Korean won ⓘ
subunit	chon ⓘ
subunitToUnitRatio	100 chon = 1 won ⓘ
symbol	₩ ⓘ
usedAlongside	foreign currencies in informal markets ⓘ
usedFor	domestic transactions in North Korea ⓘ
usedIn	state rationing system ⓘ
usedPrimarilyBy	residents of North Korea ⓘ
writingSystem	Hangul ⓘ

How these facts were elicited

Referenced by (16)

Full triples — surface form annotated when it differs from this entity's canonical label.

North Korea → currency → North Korean won ⓘ

Soviet Civil Administration in Korea → usedCurrency → North Korean won (early issues) ⓘ

linked to: North Korean won

Pyongyang → usesCurrency → North Korean won ⓘ

KPW → represents → North Korean won ⓘ

KPW → currencyName → North Korean won ⓘ

KPW → introducedForCurrency → North Korean won ⓘ

Central Bank of the Democratic People’s Republic of Korea → currencyIssued → North Korean won ⓘ

Kim Chaek City → usesCurrency → North Korean won ⓘ

North Hwanghae Province → usesCurrency → North Korean won ⓘ

North Korean economy → currency → North Korean won ⓘ

Ministry of Foreign Trade of North Korea → usesCurrency → North Korean won ⓘ

Hamhung → usesCurrency → North Korean won ⓘ

Rason → usesCurrency → North Korean won ⓘ

subject linked to: Rason region of North Korea

North Korea → currency → North Korean won ⓘ

subject linked to: North Korea (across Han River estuary)

North Korean won → officialName → North Korean won ⓘ

subject linked to: won

North Korean won → localNameRomanization → Chosŏn Minjujuŭi Inmin Konghwaguk won ⓘ