KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩1,000 in South Korea in 1990 had the same purchasing power as ₩2,967.28 in 2024 — a cumulative inflation of 196.7% (3.25%/year average).
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 1990 | 44.55 | ₩1,000.00 | - |
| 1991 | 48.71 | ₩1,093.33 | +9.3% |
| 1992 | 51.74 | ₩1,161.26 | +6.2% |
| 1993 | 54.22 | ₩1,217.01 | +4.8% |
| 1994 | 57.62 | ₩1,293.27 | +6.3% |
| 1995 | 60.20 | ₩1,351.22 | +4.5% |
| 1996 | 63.16 | ₩1,417.76 | +4.9% |
| 1997 | 65.97 | ₩1,480.69 | +4.4% |
| 1998 | 70.92 | ₩1,591.94 | +7.5% |
| 1999 | 71.50 | ₩1,604.88 | +0.8% |
| 2000 | 73.11 | ₩1,641.14 | +2.3% |
| 2001 | 76.09 | ₩1,707.88 | +4.1% |
| 2002 | 78.19 | ₩1,755.06 | +2.8% |
| 2003 | 80.94 | ₩1,816.74 | +3.5% |
| 2004 | 83.84 | ₩1,881.98 | +3.6% |
| 2005 | 86.15 | ₩1,933.80 | +2.8% |
| 2006 | 88.08 | ₩1,977.17 | +2.2% |
| 2007 | 90.32 | ₩2,027.28 | +2.5% |
| 2008 | 94.54 | ₩2,122.03 | +4.7% |
| 2009 | 97.14 | ₩2,180.52 | +2.8% |
| 2010 | 100.00 | ₩2,244.62 | +2.9% |
| 2011 | 104.03 | ₩2,334.98 | +4.0% |
| 2012 | 106.30 | ₩2,386.05 | +2.2% |
| 2013 | 107.68 | ₩2,417.10 | +1.3% |
| 2014 | 109.06 | ₩2,447.92 | +1.3% |
| 2015 | 109.83 | ₩2,465.21 | +0.7% |
| 2016 | 110.89 | ₩2,489.16 | +1.0% |
| 2017 | 113.05 | ₩2,537.56 | +1.9% |
| 2018 | 114.72 | ₩2,575.01 | +1.5% |
| 2019 | 115.16 | ₩2,584.87 | +0.4% |
| 2020 | 105.77 | ₩2,374.03 | -8.2% |
| 2021 | 109.68 | ₩2,461.81 | +3.7% |
| 2022 | 115.20 | ₩2,585.80 | +5.0% |
| 2023 | 118.85 | ₩2,667.67 | +3.2% |
| 2024 | 132.20 | ₩2,967.28 | +11.2% |
Quick Reference Values
What 1990 amounts are worth in 2024 in South Korea:
| 1990 | 2024 |
|---|---|
| ₩1 | ₩2.97 |
| ₩10 | ₩29.67 |
| ₩100 | ₩296.73 |
| ₩1,000 | ₩2,967.28 |
| ₩10,000 | ₩29,672.80 |
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 3.25% — about 21.5 years to double prices at that pace.
- 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 1990 worth in 2024?
₩1,000 from 1990 is worth about ₩2,967.28 in 2024 in South Korea, after 196.73% cumulative inflation.
What was the average annual inflation rate in South Korea between 1990 and 2024?
The average annual (compound) inflation rate was 3.25% over 34 years.