South Korea
Compared with Belgium, using real observed prices.
Baseline: 
Belgium = 1×
South Korea
vs
Belgium
Overall verdict
South Korea is about 0.64× Belgium.
Average across 4 categories, 7 items with data
The shape of prices (vs Belgium = 1×)
How to read this
The centre line is Belgium. A bar running right means South Korea is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Belgium
Belgium = 1×
South Korea is pricier →
Belgium
Belgium = 1×
South Korea is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In South Korea, Natural gas 1kWh (household) costs 0.8× what it does in Belgium — but Electricity 1kWh (household) costs only 0.3×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Natural gas 1kWh (household) 1 kWh ×0.84South Korea
€0.06
USD 0.073Belgium
€0.07
USD 0.087
-
iPhone (base model, base storage) 1 unit ×0.80South Korea
€774.97
KRW 1,290,000Belgium
€969.00
EUR 969
-
Gasoline 1L 1 L ×0.67South Korea
€1.25
USD 1.427Belgium
€1.87
USD 2.123
-
PC game (Cyberpunk 2077) 1 game ×0.66South Korea
€39.65
KRW 66,000Belgium
€59.99
EUR 59.99
-
Diesel 1L 1 L ×0.60South Korea
€1.24
USD 1.415Belgium
€2.07
USD 2.36
-
Electricity 1kWh (household) 1 kWh ×0.31South Korea
€0.11
USD 0.127Belgium
€0.35
USD 0.406
See what really changed
Big Mac, 2021 → 2026At the timeUsing the exchange rate of each date
+20%
in KRW
4600 → 5500
4600 → 5500
vs
At today's rateUsing today's exchange rate
-5%
in EUR
It rose 20% in local currency, but -5% in yours. Most of what you feel is the exchange rate, not South Korea's inflation.
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