Enforcing contracts: Cost in South Korea
South Korea: Enforcing contracts: Cost was 12.7% in 2019. ▬ Flat
Enforcing contracts: Cost in South Korea, 2003–2019
Source: World Bank. Measured in % of claim.
Analysis
South Korea recorded 12.7% for enforcing contracts: cost in 2019. That is the highest value across all 17 years on record.
That represents a change of unchanged over ten years.
Over the whole period, enforcing contracts: cost in South Korea peaked at 12.7% in 2003 and was at its lowest, 12.7%, in 2003.
That places South Korea 187th out of 191 countries with data for 2019, putting it in the bottom quarter.
Enforcing contracts: Cost in South Korea, year by year
| Year | % of claim | Change |
|---|---|---|
| 2003 | 12.7% | — |
| 2004 | 12.7% | +0.0% |
| 2005 | 12.7% | +0.0% |
| 2006 | 12.7% | +0.0% |
| 2007 | 12.7% | +0.0% |
| 2008 | 12.7% | +0.0% |
| 2009 | 12.7% | +0.0% |
| 2010 | 12.7% | +0.0% |
| 2011 | 12.7% | +0.0% |
| 2012 | 12.7% | +0.0% |
| 2013 | 12.7% | +0.0% |
| 2014 | 12.7% | +0.0% |
| 2015 | 12.7% | +0.0% |
| 2016 | 12.7% | +0.0% |
| 2017 | 12.7% | +0.0% |
| 2018 | 12.7% | +0.0% |
| 2019 | 12.7% | +0.0% |
South Korea compared with similar countries
- South Korea's 12.7% is below the median for high income countries, which is 22.8%, 56% of the median. (62 countries reporting)
- South Korea's 12.7% is below the median for East Asia & Pacific, which is 31.3%, 41% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.7% | 12.7% | 12.7% | 7 |
| 2010s | 12.7% | 12.7% | 12.7% | 10 |
Countries ranked near South Korea
More reference data data for South Korea
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.9281 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.55 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.2074 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.55 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 3.23 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 4.37 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 5.17 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 19.85 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (2050)
Frequently asked questions
- What is enforcing contracts: cost in South Korea?
- Enforcing contracts: cost in South Korea was 12.7% in 2019, according to the World Bank.
- What is the highest enforcing contracts: cost recorded in South Korea?
- The highest recorded value was 12.7% in 2003.
- What is the lowest enforcing contracts: cost recorded in South Korea?
- The lowest recorded value was 12.7% in 2003.
- How does South Korea rank for enforcing contracts: cost?
- South Korea ranks 187th out of 191 countries with data for 2019.
- Is enforcing contracts: cost rising or falling in South Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Enforcing contracts: Cost (% of claim). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account.