1 JPY to KRW - Convert Japanese Yen to South Korean Won

Looking at the 30-day window, the JPY/KRW pair traded in a range of 9.1273 to 9.7554. The monthly average was 9.4558 with 1.98% volatility. The relatively low volatility indicates stable trading conditions for the JPY/KRW currency pair.

The current mid-market exchange rate is 1 JPY = 9.5616 KRW, updated as of June 4, 2026, 2:23 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Japanese Yen to South Korean Won Exchange Rate

JPY/KRW is one of the most politically and economically charged currency pairs in East Asia. Japan and South Korea are Asia's second and fourth largest economies with over $80 billion in annual bilateral trade, but historical grievances from Japan's colonial occupation create periodic political friction that affects trade, tourism, and financial flows between yen and won.

The Complicated Neighbors

Japan and Korea's economic relationship is deep despite political tensions. Samsung and SK Hynix depend on Japanese semiconductor equipment and specialty chemicals. Japanese automakers compete with Hyundai and Kia in global markets. Korean tourists are among the largest visitor groups to Japan (and vice versa), with millions traveling between the two countries annually. The yen's dramatic weakness since 2022 has made Japan extraordinarily cheap for Korean tourists, triggering a surge in Korean visitors to Tokyo, Osaka, and Fukuoka. When political tensions flare (as during the 2019 trade dispute over wartime labor), Korean consumers boycott Japanese products and tourism drops sharply, creating sudden JPY/KRW volatility that pure economic analysis cannot predict. Both currencies are sensitive to semiconductor cycles: Korean memory chips and Japanese chip equipment rise and fall together with global tech demand. The pair also reflects monetary policy divergence, with the BOJ's ultra-loose stance weakening the yen while the BOK maintains conventional policy. For Korean shoppers timing their Tokyo trips and Japanese companies managing Korean operations, JPY/KRW determines whether the bilateral relationship feels economically complementary or competitively threatening at any given moment.

What Drives the JPY/KRW Rate

BOJ and BOK interest rate decisions, bilateral political relations, semiconductor cycle, tourism flows (sensitive to political climate), Chinese economic data, global tech sentiment, and the USD dynamics that affect both currencies are the main drivers.

What a Conversion Really Costs

Banks charge 1-2.5%. In Seoul, Myeongdong counters handle JPY at competitive rates. In Japan, Korean won is available at major exchange offices. Online services charge 0.5-1.5%. Direct JPY/KRW has reasonable liquidity due to massive bilateral trade and tourism volumes. The corridor is well-served despite political complications.

How to Get the Best JPY to KRW Rate

In Seoul, Myeongdong counters. In Japan, major city exchange offices. Compare the mid-market rate on this page. The yen's ongoing weakness makes this an especially active conversion corridor as Hong Kong tourists take advantage of historically favorable exchange rates for Japanese shopping, dining, and travel experiences. Multi-currency cards popular in Hong Kong eliminate the need for repeated manual exchange on frequent trips. Direct JPY/KRW conversion is often competitive versus USD routing due to the pair's relatively good bilateral liquidity from tourism and trade volumes. The weak yen has particularly boosted Korean tourism to Japan, making this one of Asia's most active conversion corridors in recent years.