Enforcing contracts: Procedures in South Korea

South Korea: Enforcing contracts: Procedures was 32 number in 2014. ▼ Falling

Latest (2014)
32 number
Change on year
unchanged
World rank
146th
of 181 countries
All-time high
34 number
in 2003
All-time low
32 number
in 2011
Years of data
12
2003–2014

Enforcing contracts: Procedures in South Korea, 2003–2014

01020302003200820142003: 34 number2004: 34 number2005: 34 number2006: 34 number2007: 34 number2008: 34 number2009: 34 number2010: 34 number2011: 32 number2012: 32 number2013: 32 number2014: 32 number

Source: World Bank. Measured in number.

Analysis

In 2014, enforcing contracts: procedures in South Korea stood at 32 number. That is the lowest value across all 12 years on record.

That represents a change of down 5.9% over ten years.

Over the whole period, enforcing contracts: procedures in South Korea peaked at 34 number in 2003 and was at its lowest, 32 number, in 2011.

South Korea ranks 146th of 181 countries on this measure, in the bottom quarter.

The long-run direction has been consistently falling across the 12 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 34 number 34 number 34 number 7
2010s 32.4 number 32 number 34 number 5

Countries ranked near South Korea

  1. 146 Japan 32 number compare
  2. 146 Cote d'Ivoire 32 number compare
  3. 146 Kiribati 32 number compare
  4. 146 Mongolia 32 number compare
  5. 146 Panama 32 number compare
  6. 146 Slovenia 32 number compare
  7. 146 Switzerland 32 number compare

See the full ranking of 183 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is enforcing contracts: procedures in South Korea?
Enforcing contracts: procedures in South Korea was 32 number in 2014, according to the World Bank.
What is the highest enforcing contracts: procedures recorded in South Korea?
The highest recorded value was 34 number in 2003.
What is the lowest enforcing contracts: procedures recorded in South Korea?
The lowest recorded value was 32 number in 2011.
How does South Korea rank for enforcing contracts: procedures?
South Korea ranks 146th out of 181 countries with data for 2014.
Is enforcing contracts: procedures rising or falling in South Korea?
Over the last ten years it is down 5.9%. The long-run trend across the full record is falling.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Procedures (number). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Enforcing contracts: Procedures (number)
Unit
number
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
183 places, 2,113 data points, 2003–2014
Last refreshed

The procedures to enforce contracts records the list of procedural steps compiled for each economy that traces the chronology of a commercial dispute before the relevant court. A procedure is defined as any interaction, required by law or commonly carried out in practice, between the parties or between them and the judge or court officer. The component indicator is computed based on the methodology in the DB04-15 studies.