KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩1,000 in South Korea in 2020 had the same purchasing power as ₩1,249.89 in 2024 — a cumulative inflation of 25.0% (5.73%/year average).
You requested data up to 2025, but the latest available year is 2024. Figures below reflect 2024.
Value Over Time
Year-by-Year Historical Data
| Year | CPI | Equivalent Value | Annual Change |
|---|---|---|---|
| 2020 | 105.77 | ₩1,000.00 | - |
| 2021 | 109.68 | ₩1,036.98 | +3.7% |
| 2022 | 115.20 | ₩1,089.21 | +5.0% |
| 2023 | 118.85 | ₩1,123.69 | +3.2% |
| 2024 | 132.20 | ₩1,249.89 | +11.2% |
Quick Reference Values
What 2020 amounts are worth in 2024 in South Korea:
| 2020 | 2024 |
|---|---|
| ₩1 | ₩1.25 |
| ₩10 | ₩12.50 |
| ₩100 | ₩124.99 |
| ₩1,000 | ₩1,249.89 |
| ₩10,000 | ₩12,498.90 |
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 3.2% in 2023.
This equals a compound annual rate of 5.73% — about 12.2 years to double prices at that pace.
- 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 2020 worth in 2025?
₩1,000 from 2020 is worth about ₩1,249.89 in 2025 in South Korea, after 24.99% cumulative inflation.
What was the average annual inflation rate in South Korea between 2020 and 2025?
The average annual (compound) inflation rate was 5.73% over 4 years.