KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩100 in South Korea in 2014 had the same purchasing power as ₩121.22 in 2024 — a cumulative inflation of 21.2% (1.94%/year average).
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 2014 | 109.06 | ₩100.00 | - |
| 2015 | 109.83 | ₩100.71 | +0.7% |
| 2016 | 110.89 | ₩101.68 | +1.0% |
| 2017 | 113.05 | ₩103.66 | +1.9% |
| 2018 | 114.72 | ₩105.19 | +1.5% |
| 2019 | 115.16 | ₩105.59 | +0.4% |
| 2020 | 105.77 | ₩96.98 | -8.2% |
| 2021 | 109.68 | ₩100.57 | +3.7% |
| 2022 | 115.20 | ₩105.63 | +5.0% |
| 2023 | 118.85 | ₩108.98 | +3.2% |
| 2024 | 132.20 | ₩121.22 | +11.2% |
Quick Reference Values
What 2014 amounts are worth in 2024 in South Korea:
| 2014 | 2024 |
|---|---|
| ₩1 | ₩1.21 |
| ₩10 | ₩12.12 |
| ₩100 | ₩121.22 |
| ₩1,000 | ₩1,212.20 |
| ₩10,000 | ₩12,122.00 |
Inflation by Decade in South Korea
| Decade | Cumulative Inflation | Annual Rate |
|---|---|---|
| 1960–1969 | +214.4% | 13.57% |
| 1970–1979 | +250.4% | 14.95% |
| 1980–1989 | +69.1% | 6.01% |
| 1990–1999 | +60.5% | 5.40% |
| 2000–2009 | +32.9% | 3.21% |
| 2010–2019 | +15.2% | 1.58% |
| 2020–2024 | +25.0% | 5.73% |
The steepest single-year rise in this period was 11.2% in 2024; the calmest was -8.2% in 2020.
This equals a compound annual rate of 1.94% — about 36.1 years to double prices at that pace.
- In 2014, ₩100 in South Korea had the same buying power as ₩121.22 in 2024.
- In 2020, ₩100 in South Korea had the same buying power as ₩124.99 in 2024.
Frequently Asked Questions
How much is 100 KRW from 2014 worth in 2024?
₩100 from 2014 is worth about ₩121.22 in 2024 in South Korea, after 21.22% cumulative inflation.
What was the average annual inflation rate in South Korea between 2014 and 2024?
The average annual (compound) inflation rate was 1.94% over 10 years.