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	80.00	74.00	points	May 2026
Capacity Utilization	104.80	104.90	points	Apr 2026
Car Production	329559.00	361926.00	Units	May 2026
Car Registrations	127315.00	151693.00	Units	May 2026
Changes in Inventories	2667.70	2945.00	KRW Billion	Mar 2026
Coincident Index	116.50	116.10	points	Apr 2026
Composite Leading Indicator	102.60	102.32	points	May 2026
Corruption Index	63.00	64.00	Points	Dec 2025
Corruption Rank	31.00	30.00		Dec 2025
Electricity Production	21900.18	21758.64	Gigawatt-hour	Apr 2026
Industrial Production YoY	1.50	3.90	percent	Apr 2026
Industrial Production MoM	-0.70	0.60	percent	Apr 2026
Leading Economic Index	127.50	126.40	points	Apr 2026
Manufacturing Production YoY	1.60	4.20	percent	Apr 2026
Mining Production	-4.10	1.50	percent	Apr 2026
New Orders	16148073.00	14987688.00	KRW Million	Apr 2026
Steel Production	5200.00	5400.00	Thousand Tonnes	Apr 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.