Given the following information:

$365$ days Interest rates in the US: $9\mathrm{.}5\%$

$365$ days Interest rates in S$.$ Korea: $16\%$

Spot rates $($direct quotes in the US$)$: $0\mathrm{.}00084$ $$/$Won

$365-$day forward rates $($direct quotes in the US$)$: $0\mathrm{.}000704$ $$/$Won

Does IRPT hold? Show explicit calculations for full credit. Use only the exact formula.