Time required to start business in South Korea
South Korea: Time required to start business was 8 in 2019. ▼ Falling
Latest (2019)
8
Change on year
unchanged
World rank
131st
of 188 countries
All-time high
17
in 2003
All-time low
8
in 2012
Years of data
17
2003–2019
Time required to start business in South Korea, 2003–2019
Source: Our World in Data.
Analysis
South Korea recorded 8 for time required to start business in 2019. That is the lowest value across all 17 years on record.
The figure is down 42.9% over ten years.
Over the whole period, time required to start business in South Korea peaked at 17 in 2003 and was at its lowest, 8, in 2012.
That places South Korea 131st out of 188 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Time required to start business in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 17 | — |
| 2004 | 17 | +0.0% |
| 2005 | 17 | +0.0% |
| 2006 | 17 | +0.0% |
| 2007 | 17 | +0.0% |
| 2008 | 17 | +0.0% |
| 2009 | 14 | -17.6% |
| 2010 | 14 | +0.0% |
| 2011 | 9 | -35.7% |
| 2012 | 8 | -11.1% |
| 2013 | 8 | +0.0% |
| 2014 | 8 | +0.0% |
| 2015 | 8 | +0.0% |
| 2016 | 8 | +0.0% |
| 2017 | 8 | +0.0% |
| 2018 | 8 | +0.0% |
| 2019 | 8 | +0.0% |
South Korea compared with similar countries
- South Korea's 8 is below the median for high income countries, which is 8.5, 94% of the median. (62 countries reporting)
- South Korea's 8 is below the median for East Asia & Pacific, which is 12.8, 62% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.57 | 14 | 17 | 7 |
| 2010s | 8.7 | 8 | 14 | 10 |
Countries ranked near South Korea
More reference data data for South Korea
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Burning - Crop 31.73 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 880.21 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 12,007 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.13 (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 (CO2eq) from CH4 (AR5) - Enteric 6,875 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.9638 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure Management 2,038 (2050)
Frequently asked questions
- What is time required to start business in South Korea?
- Time required to start business in South Korea was 8 in 2019, according to Our World in Data.
- What is the highest time required to start business recorded in South Korea?
- The highest recorded value was 17 in 2003.
- What is the lowest time required to start business recorded in South Korea?
- The lowest recorded value was 8 in 2012.
- How does South Korea rank for time required to start business?
- South Korea ranks 131st out of 188 countries with data for 2019.
- Is time required to start business rising or falling in South Korea?
- Over the last ten years it is down 42.9%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Time required to start business. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).