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. source: World Bank

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 October of 2021.

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


South Korea Last Unit Reference Previous Highest Lowest
Ease of Doing Business 5.00 Dec/19 5.00 23.00 4.00


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.