KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩1,000 in South Korea in 1960 had the same purchasing power as ₩89,505.55 in 2024 — a cumulative inflation of 8,850.6% (7.27%/year average).
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 1960 | 1.48 | ₩1,000.00 | - |
| 1961 | 1.60 | ₩1,081.96 | +8.2% |
| 1962 | 1.70 | ₩1,153.56 | +6.6% |
| 1963 | 2.06 | ₩1,392.26 | +20.7% |
| 1964 | 2.66 | ₩1,802.45 | +29.5% |
| 1965 | 3.02 | ₩2,046.65 | +13.5% |
| 1966 | 3.36 | ₩2,277.13 | +11.3% |
| 1967 | 3.73 | ₩2,524.94 | +10.9% |
| 1968 | 4.13 | ₩2,796.92 | +10.8% |
| 1969 | 4.64 | ₩3,143.45 | +12.4% |
| 1970 | 5.38 | ₩3,644.84 | +16.0% |
| 1971 | 6.11 | ₩4,137.32 | +13.5% |
| 1972 | 6.82 | ₩4,620.93 | +11.7% |
| 1973 | 7.04 | ₩4,769.77 | +3.2% |
| 1974 | 8.76 | ₩5,929.03 | +24.3% |
| 1975 | 10.97 | ₩7,426.07 | +25.2% |
| 1976 | 12.65 | ₩8,564.28 | +15.3% |
| 1977 | 13.93 | ₩9,428.99 | +10.1% |
| 1978 | 15.94 | ₩10,792.45 | +14.5% |
| 1979 | 18.86 | ₩12,770.00 | +18.3% |
| 1980 | 24.27 | ₩16,434.69 | +28.7% |
| 1981 | 29.46 | ₩19,943.77 | +21.4% |
| 1982 | 31.57 | ₩21,377.89 | +7.2% |
| 1983 | 32.65 | ₩22,109.15 | +3.4% |
| 1984 | 33.40 | ₩22,611.90 | +2.3% |
| 1985 | 34.22 | ₩23,167.95 | +2.5% |
| 1986 | 35.16 | ₩23,805.06 | +2.7% |
| 1987 | 36.23 | ₩24,531.04 | +3.0% |
| 1988 | 38.82 | ₩26,284.05 | +7.1% |
| 1989 | 41.03 | ₩27,782.28 | +5.7% |
| 1990 | 44.55 | ₩30,164.13 | +8.6% |
| 1991 | 48.71 | ₩32,979.29 | +9.3% |
| 1992 | 51.74 | ₩35,028.39 | +6.2% |
| 1993 | 54.22 | ₩36,710.10 | +4.8% |
| 1994 | 57.62 | ₩39,010.30 | +6.3% |
| 1995 | 60.20 | ₩40,758.25 | +4.5% |
| 1996 | 63.16 | ₩42,765.41 | +4.9% |
| 1997 | 65.97 | ₩44,663.74 | +4.4% |
| 1998 | 70.92 | ₩48,019.58 | +7.5% |
| 1999 | 71.50 | ₩48,409.96 | +0.8% |
| 2000 | 73.11 | ₩49,503.62 | +2.3% |
| 2001 | 76.09 | ₩51,516.73 | +4.1% |
| 2002 | 78.19 | ₩52,939.75 | +2.8% |
| 2003 | 80.94 | ₩54,800.52 | +3.5% |
| 2004 | 83.84 | ₩56,768.22 | +3.6% |
| 2005 | 86.15 | ₩58,331.50 | +2.8% |
| 2006 | 88.08 | ₩59,639.49 | +2.2% |
| 2007 | 90.32 | ₩61,151.10 | +2.5% |
| 2008 | 94.54 | ₩64,009.23 | +4.7% |
| 2009 | 97.14 | ₩65,773.65 | +2.8% |
| 2010 | 100.00 | ₩67,706.92 | +2.9% |
| 2011 | 104.03 | ₩70,432.78 | +4.0% |
| 2012 | 106.30 | ₩71,973.20 | +2.2% |
| 2013 | 107.68 | ₩72,909.82 | +1.3% |
| 2014 | 109.06 | ₩73,839.25 | +1.3% |
| 2015 | 109.83 | ₩74,360.80 | +0.7% |
| 2016 | 110.89 | ₩75,083.36 | +1.0% |
| 2017 | 113.05 | ₩76,543.23 | +1.9% |
| 2018 | 114.72 | ₩77,672.88 | +1.5% |
| 2019 | 115.16 | ₩77,970.37 | +0.4% |
| 2020 | 105.77 | ₩71,610.48 | -8.2% |
| 2021 | 109.68 | ₩74,258.49 | +3.7% |
| 2022 | 115.20 | ₩77,998.54 | +5.0% |
| 2023 | 118.85 | ₩80,468.11 | +3.2% |
| 2024 | 132.20 | ₩89,505.55 | +11.2% |
Quick Reference Values
What 1960 amounts are worth in 2024 in South Korea:
| 1960 | 2024 |
|---|---|
| ₩1 | ₩89.51 |
| ₩10 | ₩895.06 |
| ₩100 | ₩8,950.56 |
| ₩1,000 | ₩89,505.55 |
| ₩10,000 | ₩895,055.50 |
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 29.5% in 1964; the calmest was -8.2% in 2020.
This equals a compound annual rate of 7.27% — about 9.6 years to double prices at that pace.
- In 1960, ₩1,000 in South Korea had the same buying power as ₩89,505.55 in 2024.
- In 1970, ₩1,000 in South Korea had the same buying power as ₩24,556.77 in 2024.
- In 1980, ₩1,000 in South Korea had the same buying power as ₩5,446.14 in 2024.
- In 1990, ₩1,000 in South Korea had the same buying power as ₩2,967.28 in 2024.
- In 2000, ₩1,000 in South Korea had the same buying power as ₩1,808.06 in 2024.
- In 2010, ₩1,000 in South Korea had the same buying power as ₩1,321.96 in 2024.
- In 2020, ₩1,000 in South Korea had the same buying power as ₩1,249.89 in 2024.
Frequently Asked Questions
How much is 1,000 KRW from 1960 worth in 2024?
₩1,000 from 1960 is worth about ₩89,505.55 in 2024 in South Korea, after 8850.55% cumulative inflation.
What was the average annual inflation rate in South Korea between 1960 and 2024?
The average annual (compound) inflation rate was 7.27% over 64 years.