Resolving insolvency: Strength of insolvency framework index in Korea

Korea: Resolving insolvency: Strength of insolvency framework index was 12 0-16 in 2019. ▬ Flat

Latest (2019)
12 0-16
Change on year
unchanged
World rank
30th
of 190 countries
All-time high
12 0-16
in 2003
All-time low
12 0-16
in 2003
Years of data
17
2003–2019

Resolving insolvency: Strength of insolvency framework index in Korea, 2003–2019

02.557.51012.52003201120192003: 12 0-162004: 12 0-162005: 12 0-162006: 12 0-162007: 12 0-162008: 12 0-162009: 12 0-162010: 12 0-162011: 12 0-162012: 12 0-162013: 12 0-162014: 12 0-162015: 12 0-162016: 12 0-162017: 12 0-162018: 12 0-162019: 12 0-16

Source: World Bank. Measured in 0-16.

Analysis

In 2019, resolving insolvency: strength of insolvency framework index in Korea stood at 12 0-16. That is the highest value across all 17 years on record.

Compared with earlier readings it is unchanged over ten years.

Over the whole period, resolving insolvency: strength of insolvency framework index in Korea peaked at 12 0-16 in 2003 and was at its lowest, 12 0-16, in 2003.

That places Korea 30th out of 190 countries with data for 2019, putting it in the top quarter.

Averages by decade

DecadeAverage LowestHighest Years
2000s 12 0-16 12 0-16 12 0-16 7
2010s 12 0-16 12 0-16 12 0-16 10

Countries ranked near Korea

  1. 27 Israel 12.5 0-16 compare
  2. 27 Montenegro 12.5 0-16 compare
  3. 27 Thailand 12.5 0-16 compare
  4. 30 Afghanistan, Islamic Republic of 12 0-16 compare
  5. 30 Bulgaria 12 0-16 compare
  6. 30 Chile 12 0-16 compare
  7. 30 Croatia 12 0-16 compare
  8. 30 Denmark 12 0-16 compare
  9. 30 Latvia 12 0-16 compare
  10. 30 Mauritius 12 0-16 compare
  11. 30 Moldova 12 0-16 compare
  12. 30 Morocco 12 0-16 compare
  13. 30 Spain 12 0-16 compare
  14. 30 Sweden 12 0-16 compare
  15. 30 Switzerland 12 0-16 compare

See the full ranking of 190 places →

More reference data data for Korea

All data for Korea →

Frequently asked questions

What is resolving insolvency: strength of insolvency framework index in Korea?
Resolving insolvency: strength of insolvency framework index in Korea was 12 0-16 in 2019, according to the World Bank.
What is the highest resolving insolvency: strength of insolvency framework index recorded in Korea?
The highest recorded value was 12 0-16 in 2003.
What is the lowest resolving insolvency: strength of insolvency framework index recorded in Korea?
The lowest recorded value was 12 0-16 in 2003.
How does Korea rank for resolving insolvency: strength of insolvency framework index?
Korea ranks 30th out of 190 countries with data for 2019.
Is resolving insolvency: strength of insolvency framework index rising or falling in Korea?
Over the last ten years it is unchanged. The long-run trend across the full record is flat.
Where does this Korea data come from?
The figures come from the World Bank, published as part of Resolving insolvency: Strength of insolvency framework index (0-16). Statizoid updates them automatically from the source API.

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Resolving insolvency: Strength of insolvency framework index in Korea. Statizoid. Retrieved 19 August 2026, from https://reference.statizoid.com/stat/resolving-insolvency-strength-of-insolvency-framework-index-0-16/korea-rep/

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About this data

Indicator
Resolving insolvency: Strength of insolvency framework index (0-16)
Unit
0-16
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,230 data points, 2003–2019
Last refreshed

The strength of insolvency framework index measures the legal framework applicable to judicial liquidation and reorganization proceedings and the extent to which best insolvency practices have been implemented in each economy covered by the Doing Business. This index ranges has four components, the commencement of proceedings index, management of debtor’s assets index, reorganization proceedings index and creditor participation index.