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 23.00 in 2008 and a record low of 4.00 in 2014. source: World Bank

Related	Last	Previous	Unit	Reference
Business Confidence	74.00	71.00	points	Apr 2026
Capacity Utilization	104.90	104.80	points	Feb 2026
Car Production	387227.00	278250.00	Units	Mar 2026
Car Registrations	164813.00	123275.00	Units	Mar 2026
Changes in Inventories	2667.70	2945.00	KRW Billion	Mar 2026
Coincident Index	115.70	114.70	points	Feb 2026
Composite Leading Indicator	102.50	102.28	points	Apr 2026
Corruption Index	63.00	64.00	Points	Dec 2025
Corruption Rank	31.00	30.00		Dec 2025
Electricity Production	21529.98	23305.51	Gigawatt-hour	Feb 2026
Industrial Production YoY	3.60	-2.30	percent	Mar 2026
Industrial Production MoM	0.30	5.30	percent	Mar 2026
Leading Economic Index	126.40	125.20	points	Mar 2026
Manufacturing Production YoY	4.00	-2.00	percent	Mar 2026
Mining Production	2.70	-12.50	percent	Mar 2026
New Orders	14453852.00	10250716.00	KRW Million	Mar 2026
Steel Production	5400.00	4800.00	Thousand Tonnes	Mar 2026

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.