Share of people who report having intentions to start business in South Korea

South Korea: Share of people who report having intentions to start business was 22.79 in 2017. ▲ Rising

Latest (2017)
22.79
Change on year
down 17.0%
World rank
22nd
of 66 countries
All-time high
27.47
in 2016
All-time low
6.62
in 2015
Years of data
10
2002–2017

Share of people who report having intentions to start business in South Korea, 2002–2017

5101520252002200920172002: 19.72008: 17.22009: 11.42010: 10.12011: 15.72012: 132013: 12.12015: 6.62016: 27.52017: 22.8

Source: Global Entrepreneurship Monitor (2018) – processed by Our World in Data.

Analysis

South Korea recorded 22.79 for share of people who report having intentions to start business in 2017.

That represents a change of down 17.0% on the previous year and up 32.4% over ten years.

Over the whole period, share of people who report having intentions to start business in South Korea peaked at 27.47 in 2016 and was at its lowest, 6.62, in 2015.

That places South Korea 22nd out of 66 countries with data for 2017, putting it in the middle of the range.

The long-run direction has been consistently rising across the 10 years of available data.

Share of people who report having intentions to start business in South Korea, year by year

Annual values for Share of people who report having intentions to start business in South Korea, 2002 to 2017.
Year Value Change
2002 19.73
2008 17.21 -12.8%
2009 11.39 -33.8%
2010 10.09 -11.4%
2011 15.74 +56.0%
2012 12.98 -17.5%
2013 12.07 -7.0%
2015 6.62 -45.2%
2016 27.47 +315.0%
2017 22.79 -17.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 16.11 11.39 19.73 3
2010s 15.39 6.62 27.47 7

Countries ranked near South Korea

  1. 19 Israel 26.42 compare
  2. 20 Taiwan 25.74 compare
  3. 21 North Macedonia 24.85 compare
  4. 23 Barbados 21.61 compare
  5. 24 Panama 20.8 compare
  6. 25 Venezuela 20.23 compare

See the full ranking of 66 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is share of people who report having intentions to start business in South Korea?
Share of people who report having intentions to start business in South Korea was 22.79 in 2017, according to Global Entrepreneurship Monitor (2018) – processed by Our World in Data.
What is the highest share of people who report having intentions to start business recorded in South Korea?
The highest recorded value was 27.47 in 2016.
What is the lowest share of people who report having intentions to start business recorded in South Korea?
The lowest recorded value was 6.62 in 2015.
How does South Korea rank for share of people who report having intentions to start business?
South Korea ranks 22nd out of 66 countries with data for 2017.
Is share of people who report having intentions to start business rising or falling in South Korea?
Over the last ten years it is up 32.4%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from Global Entrepreneurship Monitor (2018) – processed by Our World in Data, published as part of Share of people who report having intentions to start business. Statizoid updates them automatically from the source API.

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Share of people who report having intentions to start business in South Korea. Statizoid, drawing on Global Entrepreneurship Monitor (2018) – processed by Our World in Data. Retrieved 28 August 2026, from https://reference.statizoid.com/stat/share-of-people-who-report-having-intentions-to-start-business/korea-rep/

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About this data

Indicator
Share of people who report having intentions to start business
Source
Global Entrepreneurship Monitor (2018) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
66 places, 706 data points, 2002–2017
Last refreshed

Percentage of 18-64 population who intend to start a business within three years (individuals already involved in any stage of entrepreneurial activity excluded) plotted against GDP per capita, adjusted for inflation and differences in living costs between countries.