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🇰🇷 Silver Price Today in South Korea | ₩98,388
Live silver price in South Korean Won (KRW) — updated every minute
Last updated: May 4, 2026, 01:52 PM ET
Per Gram (KRW)
₩3,163.2453
Per Troy Oz (KRW)
₩98,388.00
Per Kg (KRW)
₩3,163,245
USD/Silver Spot
$72.88/oz
USD/KRW Rate
1 USD = 1350 KRW
Gold/Silver Ratio
62.1:1
Silver Market in South Korea
South Korea has a sophisticated financial market with silver trading on the Korea Exchange (KRX) silver market, launched in 2014. The Bank of Korea holds approximately 104 tonnes in silver reserves. South Korean consumers are strong buyers of silver jewellery, particularly for hwangap (60th birthday) celebrations and wedding traditions.
Why do people in South Korea invest in silver?
South Korean investors are increasingly turning to silver for diversification alongside the country's dominant equity markets. KRX silver is exempt from capital gains tax if held in a real-name investment account — a significant benefit. Cultural demand for 24K silver jewellery and gifts drives significant retail demand.
Frequently Asked Questions — Silver in South Korea
What is the silver price in South Korea today in won?
Korean silver prices in KRW are published by the Korea Exchange (KRX) and major dealers. Prices track international USD spot converted at the USD/KRW rate set by the Bank of Korea.
What is the KRX silver market?
The Korea Exchange (KRX) launched a silver spot market in 2014, allowing retail investors to buy and sell physical silver in 1g lots with VAT exemption. It is the most transparent and cost-efficient way to invest in physical silver in Korea.
Is VAT charged on silver in South Korea?
silver purchases outside the KRX silver market are subject to 10% VAT. silver purchased through the KRX silver market is VAT-exempt and also exempt from capital gains tax, making the exchange the preferred investment vehicle.
Is silver popular as a gift in South Korea?
Yes. 24K silver rings (돌반지) are a traditional gift at a baby's first birthday (doljanchi). Pure silver bars are given for major milestones like 60th birthdays, weddings, and New Year. Donggwi jewellery shops specialising in silver rings are common throughout the country.