Etymology of the Korean currencies
The won is the currency of both North and South Korea. "Won" is a cognate of the Chinese currency unit, the yuan (//), and the Japanese currency unit, the yen (; ¥), meaning "round object". The won is subdivided into 100 jeon ().
2017–18 North Korea crisis
Since North Korea's first nuclear test in 2006, the UN Security Council had passed a number of resolutions that imposed various sanctions on the DPRK, including restrictions on economic activity. Nevertheless, North Korea's gross domestic product grew by an estimated 3.9 percent in 2016, to about $28.5 billion, the fastest pace in 17 years; the progress was largely attributed to continued trade with China, which accounted for more than 90% of North Korea's international trade.