Value of 1982 South Korean Won today

₩100 in 1982
₩418.92 in 2024

The inflation rate in South Korea between 1982 and today has been 318.92%, which translates into a total increase of ₩318.92. This means that 100 won in 1982 are equivalent to 418.92 won in 2024. In other words, the purchasing power of ₩100 in 1982 equals ₩418.92 today. The average annual inflation rate between these periods has been 3.47%.

Inflation timeline in South Korea (1982 - 2024)

The following chart depicts the equivalence of ₩100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (KRW) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1982-2023 309.16%
Cumulative inflation 1982-today 318.92%
Avg. Annual inflation 1982-2023 3.5%
CPI 1982 28.75
CPI 2023 117.63
CPI 2024-04 (latest official data) 120.17
CPI today 120.43

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1982 and 2023, use the corresponding CPI values:

Value2023
=Value1982 ×
CPI2023/CPI1982
=₩ 100 ×
117.63/28.75
₩409.16

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.43:

Valuetoday
=Value1982 ×
CPItoday/CPI1982
=₩ 100 ×
120.43/28.75
₩418.92

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are ₩100 worth today. There are 41 years between 1982 and 2023 and the average inflation rate was 3.4962%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=₩100 × (1 + 0.034962)41
₩409.16

South Korea inflation - Conversion table

Initial Value Equivalent value
₩1 won in 1982 ₩4.09 won in 2023
₩5 won in 1982 ₩20.46 won in 2023
₩10 won in 1982 ₩40.92 won in 2023
₩50 won in 1982 ₩204.58 won in 2023
₩100 won in 1982 ₩409.16 won in 2023
₩500 won in 1982 ₩2,045.82 won in 2023
₩1,000 won in 1982 ₩4,091.64 won in 2023
₩5,000 won in 1982 ₩20,458.21 won in 2023
₩10,000 won in 1982 ₩40,916.43 won in 2023
₩50,000 won in 1982 ₩204,582.13 won in 2023
₩100,000 won in 1982 ₩409,164.26 won in 2023
₩500,000 won in 1982 ₩2,045,821.28 won in 2023
₩1,000,000 won in 1982 ₩4,091,642.56 won in 2023
Cumulative inflation From 1982 318.92%
Avg. annual inflation From 1982 3.47%
CPI 1982 28.75
CPI today 120.43

Value of Won over time (by year)

Period Value
1982 100
1983 103.42
1984 105.77
1985 108.37
1986 111.35
1987 114.75
1988 122.95
1989 129.96
1990 141.1
1991 154.27
1992 163.85
1993 171.72
1994 182.48
1995 190.66
1996 200.05
1997 208.92
1998 224.62
1999 226.45
2000 231.56
2001 240.98
2002 247.64
2003 256.34
2004 265.55
2005 272.86
2006 278.98
2007 286.05
2008 299.42
2009 307.67
2010 316.71
2011 329.47
2012 336.67
2013 341.05
2014 345.4
2015 347.84
2016 351.22
2017 358.05
2018 363.33
2019 364.72
2020 366.68
2021 375.85
2022 394.97
2023 409.16
2024-04 417.98
Today 418.92

All available years

Today's value of south korean won by year:

1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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