Enforcing contracts: Time in South Korea

South Korea: Enforcing contracts: Time was 290 days in 2019. ▲ Rising

Latest (2019)
290 days
Change on year
unchanged
World rank
179th
of 188 countries
All-time high
290 days
in 2012
All-time low
230 days
in 2003
Years of data
17
2003–2019

Enforcing contracts: Time in South Korea, 2003–2019

01002003002003201120192003: 230 days2004: 230 days2005: 230 days2006: 230 days2007: 230 days2008: 230 days2009: 230 days2010: 230 days2011: 230 days2012: 290 days2013: 290 days2014: 290 days2015: 290 days2016: 290 days2017: 290 days2018: 290 days2019: 290 days

Source: World Bank. Measured in days.

Analysis

South Korea recorded 290 days for enforcing contracts: time in 2019. That is the highest value across all 17 years on record.

Compared with earlier readings it is up 26.1% over ten years.

Over the whole period, enforcing contracts: time in South Korea peaked at 290 days in 2012 and was at its lowest, 230 days, in 2003.

South Korea ranks 179th of 188 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 230 days 230 days 230 days 7
2010s 278 days 230 days 290 days 10

Countries ranked near South Korea

  1. 176 Russia 337 days compare
  2. 177 Luxembourg 321 days compare
  3. 178 Guinea 311 days compare
  4. 180 Georgia 285 days compare
  5. 181 Azerbaijan 277 days compare
  6. 182 Belarus 275 days compare

See the full ranking of 190 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is enforcing contracts: time in South Korea?
Enforcing contracts: time in South Korea was 290 days in 2019, according to the World Bank.
What is the highest enforcing contracts: time recorded in South Korea?
The highest recorded value was 290 days in 2012.
What is the lowest enforcing contracts: time recorded in South Korea?
The lowest recorded value was 230 days in 2003.
How does South Korea rank for enforcing contracts: time?
South Korea ranks 179th out of 188 countries with data for 2019.
Is enforcing contracts: time rising or falling in South Korea?
Over the last ten years it is up 26.1%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from the World Bank, published as part of Enforcing contracts: Time (days). 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

Indicator
Enforcing contracts: Time (days)
Unit
days
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The time to enforce contracts is recorded in calendar days, counted from the moment plaintiff decides to file the lawsuit in court until payment. The average duration of the following three different stages of dispute resolution is recorded: (i) filing and service, (ii) trial and judgment, and (iii) enforcement.