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	71.00	72.00	points	Mar 2026
Capacity Utilization	104.70	105.70	points	Jan 2026
Car Production	278128.00	360500.00	Units	Feb 2026
Car Registrations	123289.00	120787.00	Units	Feb 2026
Changes in Inventories	2945.00	1685.00	KRW Billion	Dec 2025
Coincident Index	114.60	114.50	points	Jan 2026
Composite Leading Indicator	102.15	101.89	points	Feb 2026
Corruption Index	63.00	64.00	Points	Dec 2025
Corruption Rank	31.00	30.00		Dec 2025
Electricity Production	23305.51	22501.10	Gigawatt-hour	Jan 2026
Industrial Production YoY	7.10	1.40	percent	Jan 2026
Industrial Production MoM	-1.90	1.50	percent	Jan 2026
Leading Economic Index	124.20	123.10	points	Jan 2026
Manufacturing Production YoY	7.20	1.40	percent	Jan 2026
Mining Production	-1.90	0.10	percent	Jan 2026
New Orders	13971611.00	13968822.00	KRW Million	Jan 2026
Steel Production	4800.00	5600.00	Thousand Tonnes	Feb 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.