South Korea Inflation Calculator

Result: ₩100 in 1952 → ₩48,855.89 in 2022


The South Korean Won has lost 99.795% of its value since 1952

Updated: November 10, 2022

₩100 in 1952 is equivalent in purchasing power to about ₩48,855.89 today, an increase of ₩48,755.89 over 70 years. The won had an average inflation rate of 9.25% per year between 1952 and today, producing a cumulative price increase of 48,755.89%.

This means that today's prices are 488.56 times higher than average prices since 1952, according to the OECD and the World Bank consumer price index for South Korea. A won today only buys 0.205% of what it could buy back then.

The inflation rate in 1952 was 95.06%. The current inflation rate compared to last year is now 5.67%. If this number holds, ₩100 today will be equivalent in buying power to ₩105.67 next year.


Inflation from 1952 to 2022
Cumulative price change48,755.89%
Average inflation rate9.25%
Converted amount (₩100 base)₩48,855.89
Price difference (₩100 base)₩48,755.89
CPI in 19520.235
CPI in 2022114.656
Inflation in 195295.06%
Inflation in 20225.67%
₩100 in 1952₩48,855.89 in 2022

KRW inflation since 1952
Annual Rate, the OECD and the World Bank CPI
Download

Buying power of ₩100 in 1952

This chart shows a calculation of buying power equivalence for ₩100 in 1952 (price index tracking began in 1951).

For example, if you started with ₩100, you would need to end with ₩48,855.89 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₩100 is equivalent to ₩48,855.89 over time, that means that the "real value" of a single South Korean won decreases over time. In other words, a won will pay for fewer items at the store.

This effect explains how inflation erodes the value of a won over time. By calculating the value in 1952 dollars, the chart below shows how ₩100 is worth less over 70 years.

According to the OECD and the World Bank, each of these KRW amounts below is equal in terms of what it could buy at the time:

Won inflation: 1952-2022
YearWon ValueInflation Rate
1952₩100.0095.06%
1953₩152.5152.51%
1954₩209.1437.13%
1955₩351.9968.31%
1956₩432.9122.99%
1957₩532.9523.11%
1958₩514.40-3.48%
1959₩530.753.18%
1960₩573.037.97%
1961₩619.998.20%
1962₩661.036.62%
1963₩797.8020.69%
1964₩1,032.8629.46%
1965₩1,172.7913.55%
1966₩1,304.8711.26%
1967₩1,446.8710.88%
1968₩1,602.7210.77%
1969₩1,801.2912.39%
1970₩2,088.6115.95%
1971₩2,370.8113.51%
1972₩2,647.9411.69%
1973₩2,733.233.22%
1974₩3,397.5124.30%
1975₩4,255.3625.25%
1976₩4,907.5915.33%
1977₩5,403.1010.10%
1978₩6,184.4014.46%
1979₩7,317.6018.32%
1980₩9,417.5828.70%
1981₩11,428.3821.35%
1982₩12,250.187.19%
1983₩12,669.213.42%
1984₩12,957.312.27%
1985₩13,275.942.46%
1986₩13,641.022.75%
1987₩14,057.033.05%
1988₩15,061.567.15%
1989₩15,920.095.70%
1990₩17,284.968.57%
1991₩18,898.149.33%
1992₩20,072.336.21%
1993₩21,036.004.80%
1994₩22,354.096.27%
1995₩23,355.714.48%
1996₩24,505.884.92%
1997₩25,593.684.44%
1998₩27,516.687.51%
1999₩27,740.380.81%
2000₩28,367.082.26%
2001₩29,520.654.07%
2002₩30,336.092.76%
2003₩31,402.363.51%
2004₩32,529.913.59%
2005₩33,425.722.75%
2006₩34,175.242.24%
2007₩35,041.432.53%
2008₩36,679.244.67%
2009₩37,690.302.76%
2010₩38,798.122.94%
2011₩40,360.124.03%
2012₩41,242.832.19%
2013₩41,779.541.30%
2014₩42,312.131.27%
2015₩42,611.000.71%
2016₩43,025.050.97%
2017₩43,861.591.94%
2018₩44,508.931.48%
2019₩44,679.380.38%
2020₩44,919.450.54%
2021₩46,041.692.50%
2022₩48,855.896.11%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 64 more rows

This conversion table shows various other 1952 amounts in today's won, based on the 48,755.89% change in prices:

Conversion: 1952 won today
Initial valueEquivalent value
₩1 won in 1952₩488.56 won today
₩5 won in 1952₩2,442.79 won today
₩10 won in 1952₩4,885.59 won today
₩50 won in 1952₩24,427.95 won today
₩100 won in 1952₩48,855.89 won today
₩500 won in 1952₩244,279.47 won today
₩1,000 won in 1952₩488,558.95 won today
₩5,000 won in 1952₩2,442,794.74 won today
₩10,000 won in 1952₩4,885,589.47 won today
₩50,000 won in 1952₩24,427,947.36 won today
₩100,000 won in 1952₩48,855,894.72 won today
₩500,000 won in 1952₩244,279,473.60 won today
₩1,000,000 won in 1952₩488,558,947.20 won today

How to calculate inflation rate for ₩100 since 1952

Our calculations use the following inflation rate formula to calculate the change in value between 1952 and today:

CPI today CPI in 1952
×
1952 KRW value
=
Today's value

Then plug in historical CPI values. The South Korean CPI was 0.23468119999999998 in the year 1952 and 114.6556 in 2022:

114.65560.23468119999999998
×
₩100
=
₩48,855.89

₩100 in 1952 has the same "purchasing power" or "buying power" as ₩48,855.89 in 2022.

To get the total inflation rate for the 70 years between 1952 and 2022, we use the following formula:

CPI in 2022 - CPI in 1952CPI in 1952
×
100
=
Cumulative inflation rate (70 years)

Plugging in the values to this equation, we get:

114.6556 - 0.234681199999999980.23468119999999998
×
100
=
48,756%

Data source & citation

You may use the following MLA citation for this page: “South Korea Inflation Calculator: World Bank data, 1952-2022 (KRW).” Official Inflation Data, Alioth Finance, 7 Dec. 2022, https://www.officialdata.org/south-korea/inflation.

Special thanks to QuickChart for their chart image API, which is used for chart downloads.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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Inflation from 1952 to 2022
Cumulative price change48,755.89%
Average inflation rate9.25%
Converted amount (₩100 base)₩48,855.89
Price difference (₩100 base)₩48,755.89
CPI in 19520.235
CPI in 2022114.656
Inflation in 195295.06%
Inflation in 20225.67%
₩100 in 1952₩48,855.89 in 2022