The Chinese term **韩元** (Hányuán), meaning "South Korean won," is formed through a straightforward compound structure: the first character **韩** (Hán) is an abbreviation for **韩国** (Hánguó), meaning "South Korea," while the second character **元** (yuán) is the standard Chinese term for a primary monetary unit, equivalent to "dollar" or, in this context, "won." Thus, the word literally and functionally translates to "Korean currency unit," created by combining the national identifier with the generic denomination term, following a common pattern in Chinese for naming foreign currencies (e.g., 日元 for Japanese yen).