KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩1,000 in South Korea in 1986 had the same purchasing power as ₩3,759.94 in 2024 — a cumulative inflation of 276.0% (3.55%/year average).
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 1986 | 35.16 | ₩1,000.00 | - |
| 1987 | 36.23 | ₩1,030.50 | +3.0% |
| 1988 | 38.82 | ₩1,104.14 | +7.1% |
| 1989 | 41.03 | ₩1,167.07 | +5.7% |
| 1990 | 44.55 | ₩1,267.13 | +8.6% |
| 1991 | 48.71 | ₩1,385.39 | +9.3% |
| 1992 | 51.74 | ₩1,471.47 | +6.2% |
| 1993 | 54.22 | ₩1,542.11 | +4.8% |
| 1994 | 57.62 | ₩1,638.74 | +6.3% |
| 1995 | 60.20 | ₩1,712.17 | +4.5% |
| 1996 | 63.16 | ₩1,796.48 | +4.9% |
| 1997 | 65.97 | ₩1,876.23 | +4.4% |
| 1998 | 70.92 | ₩2,017.20 | +7.5% |
| 1999 | 71.50 | ₩2,033.60 | +0.8% |
| 2000 | 73.11 | ₩2,079.54 | +2.3% |
| 2001 | 76.09 | ₩2,164.11 | +4.1% |
| 2002 | 78.19 | ₩2,223.89 | +2.8% |
| 2003 | 80.94 | ₩2,302.05 | +3.5% |
| 2004 | 83.84 | ₩2,384.71 | +3.6% |
| 2005 | 86.15 | ₩2,450.38 | +2.8% |
| 2006 | 88.08 | ₩2,505.33 | +2.2% |
| 2007 | 90.32 | ₩2,568.83 | +2.5% |
| 2008 | 94.54 | ₩2,688.89 | +4.7% |
| 2009 | 97.14 | ₩2,763.01 | +2.8% |
| 2010 | 100.00 | ₩2,844.22 | +2.9% |
| 2011 | 104.03 | ₩2,958.73 | +4.0% |
| 2012 | 106.30 | ₩3,023.44 | +2.2% |
| 2013 | 107.68 | ₩3,062.79 | +1.3% |
| 2014 | 109.06 | ₩3,101.83 | +1.3% |
| 2015 | 109.83 | ₩3,123.74 | +0.7% |
| 2016 | 110.89 | ₩3,154.09 | +1.0% |
| 2017 | 113.05 | ₩3,215.42 | +1.9% |
| 2018 | 114.72 | ₩3,262.87 | +1.5% |
| 2019 | 115.16 | ₩3,275.37 | +0.4% |
| 2020 | 105.77 | ₩3,008.20 | -8.2% |
| 2021 | 109.68 | ₩3,119.44 | +3.7% |
| 2022 | 115.20 | ₩3,276.55 | +5.0% |
| 2023 | 118.85 | ₩3,380.29 | +3.2% |
| 2024 | 132.20 | ₩3,759.94 | +11.2% |
Quick Reference Values
What 1986 amounts are worth in 2024 in South Korea:
| 1986 | 2024 |
|---|---|
| ₩1 | ₩3.76 |
| ₩10 | ₩37.60 |
| ₩100 | ₩375.99 |
| ₩1,000 | ₩3,759.94 |
| ₩10,000 | ₩37,599.40 |
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 3.55% — about 19.7 years to double prices at that pace.
- In 1986, ₩1,000 in South Korea had the same buying power as ₩3,759.94 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 1986 worth in 2024?
₩1,000 from 1986 is worth about ₩3,759.94 in 2024 in South Korea, after 275.99% cumulative inflation.
What was the average annual inflation rate in South Korea between 1986 and 2024?
The average annual (compound) inflation rate was 3.55% over 38 years.