Economy

South Korea

Currency: Won (KRW)

Exchange Rate: 1 USD ≈ 1,300-1,400 KRW

North Korea

Currency: Won (KPW)

Exchange Rate: 1 USD ≈ 8,000-10,000 KPW

But, the North Korean won is not used in international markets.So if we change the value of North Korea to South Korea, 1 North Korean won is equivalent to 8 South Korean won.

GDP(=gross domestic product): South Korea has a high GDP, while North Korea’s GDP is low.Because of North Korea’s economic structure and limited industries.South Korea is highly developed in electronics, automotive, and chemicals.On the other hand North Korea primarily focuses on coal, steel, and military production.