# South Korea Inflation Calculator

Result: ₩100 in 1952 → ₩52,055.64 in 2024

## The South Korean Won has lost 99.808% of its value since 1952

Updated: August 14, 2024

₩100 in 1952 is equivalent in purchasing power to about ₩52,055.64 today, an increase of ₩51,955.64 over 72 years. The won had an average inflation rate of 9.08% per year between 1952 and today, producing a cumulative price increase of 51,955.64%.

This means that today's prices are 520.56 times as high as average prices since 1952, according to the OECD and the World Bank consumer price index for South Korea. A won today only buys 0.192% of what it could buy back then.

The inflation rate in 1952 was 95.06%. The current inflation rate compared to the end of last year is now 4.21%. If this number holds, ₩100 today will be equivalent in buying power to ₩104.21 next year.

 Cumulative price change 51,955.64% Average inflation rate 9.08% Converted amount₩100 base ₩52,055.64 Price difference₩100 base ₩51,955.64 CPI in 1952 0.235 CPI in 2024 122.165 Inflation in 1952 95.06% Inflation in 2024 4.21% ₩100 in 1952 ₩52,055.64 in 2024

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

## 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 ₩52,055.64 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When ₩100 is equivalent to ₩52,055.64 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 72 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: 1952-2024
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₩48,384.235.09%
2023₩50,387.634.14%
2024₩52,055.643.31%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 66 more rows

This conversion table shows various other 1952 amounts in today's won, based on the 51,955.64% change in prices:

Conversion: 1952 won today
Initial valueEquivalent value
₩1 won in 1952₩520.56 won today
₩5 won in 1952₩2,602.78 won today
₩10 won in 1952₩5,205.56 won today
₩50 won in 1952₩26,027.82 won today
₩100 won in 1952₩52,055.64 won today
₩500 won in 1952₩260,278.21 won today
₩1,000 won in 1952₩520,556.41 won today
₩5,000 won in 1952₩2,602,782.07 won today
₩10,000 won in 1952₩5,205,564.13 won today
₩50,000 won in 1952₩26,027,820.66 won today
₩100,000 won in 1952₩52,055,641.31 won today
₩500,000 won in 1952₩260,278,206.57 won today
₩1,000,000 won in 1952₩520,556,413.13 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 0.2346812 in the year 1952 and 122.16480370129565 in 2024:

122.164803701295650.2346812
×
₩100
=
₩52,055.64

₩100 in 1952 has the same "purchasing power" or "buying power" as ₩52,055.64 in 2024.

To get the total inflation rate for the 72 years between 1952 and 2024, we use the following formula:

CPI in 2024 - CPI in 1952CPI in 1952
×
100
=
Cumulative inflation rate (72 years)

Plugging in the values to this equation, we get:

122.16480370129565 - 0.23468120.2346812
×
100
=
51,956%

## Data source & citation

You may use the following MLA citation for this page: “South Korea Inflation Calculator: World Bank data, 1952-2024 (KRW).” Official Inflation Data, Alioth Finance, 15 Aug. 2024, https://www.officialdata.org/south-korea/inflation.

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