KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩1,000 in South Korea in 1970 had the same purchasing power as ₩24,556.77 in 2024 — a cumulative inflation of 2,355.7% (6.11%/year average).
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 1970 | 5.38 | ₩1,000.00 | - |
| 1971 | 6.11 | ₩1,135.12 | +13.5% |
| 1972 | 6.82 | ₩1,267.80 | +11.7% |
| 1973 | 7.04 | ₩1,308.64 | +3.2% |
| 1974 | 8.76 | ₩1,626.69 | +24.3% |
| 1975 | 10.97 | ₩2,037.42 | +25.2% |
| 1976 | 12.65 | ₩2,349.70 | +15.3% |
| 1977 | 13.93 | ₩2,586.94 | +10.1% |
| 1978 | 15.94 | ₩2,961.02 | +14.5% |
| 1979 | 18.86 | ₩3,503.58 | +18.3% |
| 1980 | 24.27 | ₩4,509.03 | +28.7% |
| 1981 | 29.46 | ₩5,471.78 | +21.4% |
| 1982 | 31.57 | ₩5,865.24 | +7.2% |
| 1983 | 32.65 | ₩6,065.87 | +3.4% |
| 1984 | 33.40 | ₩6,203.81 | +2.3% |
| 1985 | 34.22 | ₩6,356.37 | +2.5% |
| 1986 | 35.16 | ₩6,531.16 | +2.7% |
| 1987 | 36.23 | ₩6,730.34 | +3.0% |
| 1988 | 38.82 | ₩7,211.30 | +7.1% |
| 1989 | 41.03 | ₩7,622.36 | +5.7% |
| 1990 | 44.55 | ₩8,275.84 | +8.6% |
| 1991 | 48.71 | ₩9,048.21 | +9.3% |
| 1992 | 51.74 | ₩9,610.40 | +6.2% |
| 1993 | 54.22 | ₩10,071.79 | +4.8% |
| 1994 | 57.62 | ₩10,702.88 | +6.3% |
| 1995 | 60.20 | ₩11,182.45 | +4.5% |
| 1996 | 63.16 | ₩11,733.13 | +4.9% |
| 1997 | 65.97 | ₩12,253.96 | +4.4% |
| 1998 | 70.92 | ₩13,174.67 | +7.5% |
| 1999 | 71.50 | ₩13,281.77 | +0.8% |
| 2000 | 73.11 | ₩13,581.83 | +2.3% |
| 2001 | 76.09 | ₩14,134.14 | +4.1% |
| 2002 | 78.19 | ₩14,524.57 | +2.8% |
| 2003 | 80.94 | ₩15,035.09 | +3.5% |
| 2004 | 83.84 | ₩15,574.95 | +3.6% |
| 2005 | 86.15 | ₩16,003.85 | +2.8% |
| 2006 | 88.08 | ₩16,362.71 | +2.2% |
| 2007 | 90.32 | ₩16,777.43 | +2.5% |
| 2008 | 94.54 | ₩17,561.59 | +4.7% |
| 2009 | 97.14 | ₩18,045.68 | +2.8% |
| 2010 | 100.00 | ₩18,576.09 | +2.9% |
| 2011 | 104.03 | ₩19,323.96 | +4.0% |
| 2012 | 106.30 | ₩19,746.59 | +2.2% |
| 2013 | 107.68 | ₩20,003.56 | +1.3% |
| 2014 | 109.06 | ₩20,258.56 | +1.3% |
| 2015 | 109.83 | ₩20,401.65 | +0.7% |
| 2016 | 110.89 | ₩20,599.89 | +1.0% |
| 2017 | 113.05 | ₩21,000.42 | +1.9% |
| 2018 | 114.72 | ₩21,310.36 | +1.5% |
| 2019 | 115.16 | ₩21,391.97 | +0.4% |
| 2020 | 105.77 | ₩19,647.07 | -8.2% |
| 2021 | 109.68 | ₩20,373.58 | +3.7% |
| 2022 | 115.20 | ₩21,399.70 | +5.0% |
| 2023 | 118.85 | ₩22,077.26 | +3.2% |
| 2024 | 132.20 | ₩24,556.77 | +11.2% |
Quick Reference Values
What 1970 amounts are worth in 2024 in South Korea:
| 1970 | 2024 |
|---|---|
| ₩1 | ₩24.56 |
| ₩10 | ₩245.57 |
| ₩100 | ₩2,455.68 |
| ₩1,000 | ₩24,556.77 |
| ₩10,000 | ₩245,567.70 |
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 28.7% in 1980; the calmest was -8.2% in 2020.
This equals a compound annual rate of 6.11% — about 11.5 years to double prices at that pace.
- 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 1970 worth in 2024?
₩1,000 from 1970 is worth about ₩24,556.77 in 2024 in South Korea, after 2355.68% cumulative inflation.
What was the average annual inflation rate in South Korea between 1970 and 2024?
The average annual (compound) inflation rate was 6.11% over 54 years.