Enforcing contracts: Time in South Korea
South Korea: Enforcing contracts: Time was 290 days in 2019. ▲ Rising
Enforcing contracts: Time in South Korea, 2003–2019
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 182nd of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Enforcing contracts: Time in South Korea, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 230 days | — |
| 2004 | 230 days | +0.0% |
| 2005 | 230 days | +0.0% |
| 2006 | 230 days | +0.0% |
| 2007 | 230 days | +0.0% |
| 2008 | 230 days | +0.0% |
| 2009 | 230 days | +0.0% |
| 2010 | 230 days | +0.0% |
| 2011 | 230 days | +0.0% |
| 2012 | 290 days | +26.1% |
| 2013 | 290 days | +0.0% |
| 2014 | 290 days | +0.0% |
| 2015 | 290 days | +0.0% |
| 2016 | 290 days | +0.0% |
| 2017 | 290 days | +0.0% |
| 2018 | 290 days | +0.0% |
| 2019 | 290 days | +0.0% |
South Korea compared with similar countries
- South Korea's 290 days is below the median for high income countries, which is 554.5 days, 52% of the median. (62 countries reporting)
- South Korea's 290 days is below the median for East Asia & Pacific, which is 442.5 days, 66% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 230 days | 230 days | 230 days | 7 |
| 2010s | 278 days | 230 days | 290 days | 10 |
Countries ranked near South Korea
- 180 Luxembourg 321 days compare
- 181 Guinea 311 days compare
- 183 Georgia 285 days compare
- 184 Azerbaijan 277 days compare
- 185 Belarus 275 days compare
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: 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 182nd out of 191 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
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.