KRW Value Calculator: South Korea
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According to World Bank CPI data (FP.CPI.TOTL), ₩10,000 in South Korea in 1986 had the same purchasing power as ₩37,599.37 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 | ₩10,000.00 | - |
| 1987 | 36.23 | ₩10,304.97 | +3.0% |
| 1988 | 38.82 | ₩11,041.37 | +7.1% |
| 1989 | 41.03 | ₩11,670.75 | +5.7% |
| 1990 | 44.55 | ₩12,671.31 | +8.6% |
| 1991 | 48.71 | ₩13,853.90 | +9.3% |
| 1992 | 51.74 | ₩14,714.68 | +6.2% |
| 1993 | 54.22 | ₩15,421.13 | +4.8% |
| 1994 | 57.62 | ₩16,387.40 | +6.3% |
| 1995 | 60.20 | ₩17,121.67 | +4.5% |
| 1996 | 63.16 | ₩17,964.84 | +4.9% |
| 1997 | 65.97 | ₩18,762.28 | +4.4% |
| 1998 | 70.92 | ₩20,172.00 | +7.5% |
| 1999 | 71.50 | ₩20,335.99 | +0.8% |
| 2000 | 73.11 | ₩20,795.42 | +2.3% |
| 2001 | 76.09 | ₩21,641.08 | +4.1% |
| 2002 | 78.19 | ₩22,238.86 | +2.8% |
| 2003 | 80.94 | ₩23,020.53 | +3.5% |
| 2004 | 83.84 | ₩23,847.12 | +3.6% |
| 2005 | 86.15 | ₩24,503.82 | +2.8% |
| 2006 | 88.08 | ₩25,053.28 | +2.2% |
| 2007 | 90.32 | ₩25,688.27 | +2.5% |
| 2008 | 94.54 | ₩26,888.92 | +4.7% |
| 2009 | 97.14 | ₩27,630.11 | +2.8% |
| 2010 | 100.00 | ₩28,442.24 | +2.9% |
| 2011 | 104.03 | ₩29,587.31 | +4.0% |
| 2012 | 106.30 | ₩30,234.41 | +2.2% |
| 2013 | 107.68 | ₩30,627.86 | +1.3% |
| 2014 | 109.06 | ₩31,018.30 | +1.3% |
| 2015 | 109.83 | ₩31,237.39 | +0.7% |
| 2016 | 110.89 | ₩31,540.92 | +1.0% |
| 2017 | 113.05 | ₩32,154.18 | +1.9% |
| 2018 | 114.72 | ₩32,628.72 | +1.5% |
| 2019 | 115.16 | ₩32,753.69 | +0.4% |
| 2020 | 105.77 | ₩30,082.04 | -8.2% |
| 2021 | 109.68 | ₩31,194.41 | +3.7% |
| 2022 | 115.20 | ₩32,765.52 | +5.0% |
| 2023 | 118.85 | ₩33,802.94 | +3.2% |
| 2024 | 132.20 | ₩37,599.37 | +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 | ₩37,599.37 |
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, ₩10,000 in South Korea had the same buying power as ₩37,599.37 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 1986 worth in 2024?
₩10,000 from 1986 is worth about ₩37,599.37 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.