Question

Why are things in South Korea sold in millions

Answer 1

In South Korea, prices for goods are often listed in millions of Korean won (KRW) due to the country's currency exchange rate. The Korean won is valued at a much lower rate compared to other major currencies such as the US dollar or Euro. As a result, prices for goods may appear to be high when listed in millions of won, but in reality, they are often equivalent to a much lower amount in US dollars or other currencies. Additionally, using millions as a unit of measurement can make it easier for consumers to quickly estimate the cost of goods and services without having to convert the price into a different currency.