South Korea is ranked 5 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of South Korea remained unchanged at 5 in 2019 from 5 in 2018.
Ease of Doing Business in South Korea averaged 8.75 from 2008 until 2019, reaching an all time high of 23 in 2008 and a record low of 4 in 2014. This page includes a chart with historical data for Ease of Doing Business in South Korea. source: World Bank
Ease of Doing Business in South Korea is expected to be 4.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ease of Doing Business in South Korea is projected to trend around 3.00 in 2020, according to our econometric models.