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. Ease of Doing Business in South Korea - values, historical data and charts - was last updated on July of 2020. source: World Bank

Ease of Doing Business in South Korea is expected to reach 3.00 by the end of 2020, 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 2021, 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

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 51.00 49.00 119.00 35.00 points [+]
Manufacturing PMI 43.40 41.30 52.60 41.30 points [+]
Industrial Production -9.60 -5.10 39.40 -25.40 percent [+]
Industrial Production Mom -6.70 -6.70 10.50 -10.60 percent [+]
Manufacturing Production -9.80 -4.70 40.80 -26.60 percent [+]
Capacity Utilization 103.70 103.90 104.60 3.80 points [+]
New Orders 5170605.00 5649390.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 5557.80 2431.20 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 23.00 24.00 3377.00 15.00 Companies [+]
Car Registrations 147121.00 140059.00 205595.00 49944.00 [+]
Leading Economic Index 118.40 118.40 119.10 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 1.50 5.30 26.40 -30.60 percent [+]
Steel Production 5386.91 5500.00 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 21881.82 23129.81 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 110.20 110.90 113.80 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 [+]


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.