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.


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Ease of Doing Business in South Korea

Actual Previous Highest Lowest Dates Unit Frequency
5.00 5.00 23.00 4.00 2008 - 2019 Yearly

Ease of Doing Business in South Korea
The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses.

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 74.00 74.00 119.00 35.00 points [+]
Manufacturing PMI 50.10 49.40 52.60 45.70 points [+]
Industrial Production -0.30 -2.10 38.90 -25.30 percent [+]
Industrial Production Mom -0.50 -1.60 11.00 -11.00 percent [+]
Manufacturing Production -0.10 -2.00 41.60 -26.70 percent [+]
Capacity Utilization 103.20 101.80 104.60 3.80 points [+]
New Orders 5863845.00 7711018.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 2431.20 4865.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 30.00 25.00 3377.00 22.00 Companies [+]
Car Registrations 139411.00 140404.00 155971.00 49944.00 [+]
Leading Economic Index 116.90 116.00 116.90 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -5.50 -10.80 43.10 -36.00 percent [+]
Steel Production 5894.65 5983.07 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22770.94 22680.86 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.50 111.40 111.50 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]