KRW Value Calculator: South Korea
Try another amount, currency or period
According to World Bank CPI data (FP.CPI.TOTL), ₩10,000 in South Korea in 1960 had the same purchasing power as ₩895,055.48 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 | ₩10,000.00 | - |
| 1961 | 1.60 | ₩10,819.57 | +8.2% |
| 1962 | 1.70 | ₩11,535.64 | +6.6% |
| 1963 | 2.06 | ₩13,922.55 | +20.7% |
| 1964 | 2.66 | ₩18,024.53 | +29.5% |
| 1965 | 3.02 | ₩20,466.53 | +13.5% |
| 1966 | 3.36 | ₩22,771.34 | +11.3% |
| 1967 | 3.73 | ₩25,249.42 | +10.9% |
| 1968 | 4.13 | ₩27,969.24 | +10.8% |
| 1969 | 4.64 | ₩31,434.51 | +12.4% |
| 1970 | 5.38 | ₩36,448.42 | +16.0% |
| 1971 | 6.11 | ₩41,373.22 | +13.5% |
| 1972 | 6.82 | ₩46,209.33 | +11.7% |
| 1973 | 7.04 | ₩47,697.75 | +3.2% |
| 1974 | 8.76 | ₩59,290.31 | +24.3% |
| 1975 | 10.97 | ₩74,260.67 | +25.2% |
| 1976 | 12.65 | ₩85,642.84 | +15.3% |
| 1977 | 13.93 | ₩94,289.91 | +10.1% |
| 1978 | 15.94 | ₩107,924.50 | +14.5% |
| 1979 | 18.86 | ₩127,700.04 | +18.3% |
| 1980 | 24.27 | ₩164,346.90 | +28.7% |
| 1981 | 29.46 | ₩199,437.65 | +21.4% |
| 1982 | 31.57 | ₩213,778.91 | +7.2% |
| 1983 | 32.65 | ₩221,091.46 | +3.4% |
| 1984 | 33.40 | ₩226,118.99 | +2.3% |
| 1985 | 34.22 | ₩231,679.50 | +2.5% |
| 1986 | 35.16 | ₩238,050.64 | +2.7% |
| 1987 | 36.23 | ₩245,310.38 | +3.0% |
| 1988 | 38.82 | ₩262,840.50 | +7.1% |
| 1989 | 41.03 | ₩277,822.84 | +5.7% |
| 1990 | 44.55 | ₩301,641.35 | +8.6% |
| 1991 | 48.71 | ₩329,792.90 | +9.3% |
| 1992 | 51.74 | ₩350,283.86 | +6.2% |
| 1993 | 54.22 | ₩367,100.98 | +4.8% |
| 1994 | 57.62 | ₩390,103.01 | +6.3% |
| 1995 | 60.20 | ₩407,582.52 | +4.5% |
| 1996 | 63.16 | ₩427,654.10 | +4.9% |
| 1997 | 65.97 | ₩446,637.37 | +4.4% |
| 1998 | 70.92 | ₩480,195.83 | +7.5% |
| 1999 | 71.50 | ₩484,099.61 | +0.8% |
| 2000 | 73.11 | ₩495,036.23 | +2.3% |
| 2001 | 76.09 | ₩515,167.25 | +4.1% |
| 2002 | 78.19 | ₩529,397.52 | +2.8% |
| 2003 | 80.94 | ₩548,005.18 | +3.5% |
| 2004 | 83.84 | ₩567,682.20 | +3.6% |
| 2005 | 86.15 | ₩583,314.98 | +2.8% |
| 2006 | 88.08 | ₩596,394.89 | +2.2% |
| 2007 | 90.32 | ₩611,510.96 | +2.5% |
| 2008 | 94.54 | ₩640,092.35 | +4.7% |
| 2009 | 97.14 | ₩657,736.47 | +2.8% |
| 2010 | 100.00 | ₩677,069.23 | +2.9% |
| 2011 | 104.03 | ₩704,327.80 | +4.0% |
| 2012 | 106.30 | ₩719,731.95 | +2.2% |
| 2013 | 107.68 | ₩729,098.16 | +1.3% |
| 2014 | 109.06 | ₩738,392.52 | +1.3% |
| 2015 | 109.83 | ₩743,608.02 | +0.7% |
| 2016 | 110.89 | ₩750,833.56 | +1.0% |
| 2017 | 113.05 | ₩765,432.26 | +1.9% |
| 2018 | 114.72 | ₩776,728.81 | +1.5% |
| 2019 | 115.16 | ₩779,703.68 | +0.4% |
| 2020 | 105.77 | ₩716,104.78 | -8.2% |
| 2021 | 109.68 | ₩742,584.88 | +3.7% |
| 2022 | 115.20 | ₩779,985.35 | +5.0% |
| 2023 | 118.85 | ₩804,681.08 | +3.2% |
| 2024 | 132.20 | ₩895,055.48 | +11.2% |
Quick Reference Values
What 1960 amounts are worth in 2024 in South Korea:
| 1960 | 2024 |
|---|---|
| ₩1 | ₩89.51 |
| ₩10 | ₩895.06 |
| ₩100 | ₩8,950.55 |
| ₩1,000 | ₩89,505.55 |
| ₩10,000 | ₩895,055.48 |
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, ₩10,000 in South Korea had the same buying power as ₩895,055.48 in 2024.
- In 1970, ₩10,000 in South Korea had the same buying power as ₩245,567.70 in 2024.
- In 1980, ₩10,000 in South Korea had the same buying power as ₩54,461.36 in 2024.
- In 1990, ₩10,000 in South Korea had the same buying power as ₩29,672.84 in 2024.
- In 2000, ₩10,000 in South Korea had the same buying power as ₩18,080.61 in 2024.
- In 2010, ₩10,000 in South Korea had the same buying power as ₩13,219.56 in 2024.
- In 2020, ₩10,000 in South Korea had the same buying power as ₩12,498.95 in 2024.
Frequently Asked Questions
How much is 10,000 KRW from 1960 worth in 2024?
₩10,000 from 1960 is worth about ₩895,055.48 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.