| Event: | Women's 500 metres |
| Games: | 1999 Asian Winter Games |
| Venue: | Chuncheon Outdoor Ice Rink |
| Dates: | 2–3 February 1999 |
| Competitors: | 11 |
| Nations: | 3 |
| Gold: | Xue Ruihong |
| Goldnoc: | CHN |
| Silver: | Yang Chunyuan |
| Silvernoc: | CHN |
| Bronze: | Wang Manli |
| Bronzenoc: | CHN |
| Prev: | 1996 |
| Next: | 2003 |
See main article: Speed skating at the 1999 Asian Winter Games. The women's 500 metres at the 1999 Asian Winter Games was held on 2 and 3 February 1999 in Chuncheon, South Korea.
All times are Korea Standard Time
| width=220 | Date | width=50 | Time | width=100 | Event |
|---|---|---|---|---|---|
| Tuesday, 2 February 1999 | 12:55 | 1st race | |||
| Wednesday, 3 February 1999 | 10:00 | 2nd race |
| width=40 rowspan=2 | Rank | width=250 rowspan=2 | Athlete | 1st race | 2nd race | width=80 rowspan=2 | Total | width=50 rowspan=2 | Notes | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| width=40 | Pair | width=80 | Time | width=40 | Pair | width=80 | Time | ||||
| 6 | 39.29 | 6 | 40.84 | 1:20.13 | |||||||
| 5 | 40.61 | 5 | 40.92 | 1:21.53 | |||||||
| 4 | 41.60 | 4 | 40.93 | 1:22.53 | |||||||
| 4 | 6 | 40.84 | 6 | 41.71 | 1:22.55 | ||||||
| 5 | 3 | 41.62 | 4 | 41.38 | 1:23.00 | ||||||
| 6 | 5 | 41.51 | 5 | 41.87 | 1:23.38 | ||||||
| 7 | 4 | 42.18 | 3 | 41.29 | 1:23.47 | ||||||
| 8 | 3 | 42.22 | 3 | 41.70 | 1:23.92 | ||||||
| 9 | 1 | 42.26 | 2 | 42.35 | 1:24.61 | ||||||
| 10 | 2 | 43.14 | 2 | 43.14 | 1:26.28 | ||||||
| 11 | 2 | 44.31 | 1 | 43.67 | 1:27.98 | ||||||