South Korea Business Environment
Korea Business Extent of Disclosure Index
KR: Business Extent of Disclosure Index data was reported at 7.000 NA in 2017. This stayed constant from the previous number of 7.000 NA for 2016. KR: Business Extent of Disclosure Index data is updated yearly, averaging 7.000 NA from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 7.000 NA in 2017 and a record low of 7.000 NA in 2017. KR: Business Extent of Disclosure Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Business Environment. Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 7.00 2017 | yearly | 2005 - 2017 |
View South Korea's Korea Business Extent of Disclosure Index from 2005 to 2017 in the chart:
Korea Depth of Credit Information Index: 0=Low To 8=High
KR: Depth of Credit Information Index: 0=Low To 8=High data was reported at 8.000 NA in 2017. This stayed constant from the previous number of 8.000 NA for 2016. KR: Depth of Credit Information Index: 0=Low To 8=High data is updated yearly, averaging 8.000 NA from Dec 2013 to 2017, with 5 observations. The data reached an all-time high of 8.000 NA in 2017 and a record low of 8.000 NA in 2017. KR: Depth of Credit Information Index: 0=Low To 8=High data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Business Environment. Depth of credit information index measures rules affecting the scope, accessibility, and quality of credit information available through public or private credit registries. The index ranges from 0 to 8, with higher values indicating the availability of more credit information, from either a public registry or a private bureau, to facilitate lending decisions.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 8.00 2017 | yearly | 2013 - 2017 |
View South Korea's Korea Depth of Credit Information Index: 0=Low To 8=High from 2013 to 2017 in the chart:
Korea Distance to Frontier Score: 0=Lowest Performance To 100=Frontier
KR: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data was reported at 83.920 NA in 2017. This stayed constant from the previous number of 83.920 NA for 2016. KR: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data is updated yearly, averaging 83.920 NA from Dec 2015 to 2017, with 3 observations. The data reached an all-time high of 83.920 NA in 2017 and a record low of 83.710 NA in 2015. KR: Distance to Frontier Score: 0=Lowest Performance To 100=Frontier data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Distance to frontier score illustrates the distance of an economy to the 'frontier,' which represents the best performance observed on each Doing Business topic across all economies and years included since 2005. An economy's distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. For example, a score of 75 in 2012 means an economy was 25 percentage points away from the frontier constructed from the best performances across all economies and across time. A score of 80 in 2013 would indicate the economy is improving.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 83.92 2017 | yearly | 2015 - 2017 |
View South Korea's Korea Distance to Frontier Score: 0=Lowest Performance To 100=Frontier from 2015 to 2017 in the chart:
Korea Ease of Doing Business Index: 1=Most Business-friendly Regulations
KR: Ease of Doing Business Index: 1=Most Business-friendly Regulations data was reported at 4.000 NA in 2017. KR: Ease of Doing Business Index: 1=Most Business-friendly Regulations data is updated yearly, averaging 4.000 NA from Dec 2017 to 2017, with 1 observations. KR: Ease of Doing Business Index: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 4.00 2017 | yearly | 2017 - 2017 |
View South Korea's Korea Ease of Doing Business Index: 1=Most Business-friendly Regulations from 2017 to 2017 in the chart:
Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance
KR: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data was reported at 84.001 NA in 2019. This records an increase from the previous number of 83.960 NA for 2018. KR: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data is updated yearly, averaging 83.965 NA from Dec 2015 to 2019, with 5 observations. The data reached an all-time high of 84.001 NA in 2019 and a record low of 83.090 NA in 2015. KR: Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Business Environment. The ease of doing business scores benchmark economies with respect to regulatory best practice, showing the proximity to the best regulatory performance on each Doing Business indicator. An economy’s score is indicated on a scale from 0 to 100, where 0 represents the worst regulatory performance and 100 the best regulatory performance.; ; World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: https://bit.ly/3CLCbme; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 84.001 2019 | yearly | 2015 - 2019 |
View South Korea's Ease of Doing Business Score: 0=Lowest Performance To 100=Best Performance from 2015 to 2019 in the chart:
Korea Labour Tax and Contributions: % of Commercial Profits
KR: Labour Tax and Contributions: % of Commercial Profits data was reported at 13.500 % in 2017. This records a decrease from the previous number of 13.600 % for 2016. KR: Labour Tax and Contributions: % of Commercial Profits data is updated yearly, averaging 13.200 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 13.600 % in 2016 and a record low of 11.400 % in 2007. KR: Labour Tax and Contributions: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 13.50 2017 | yearly | 2005 - 2017 |
View South Korea's Korea Labour Tax and Contributions: % of Commercial Profits from 2005 to 2017 in the chart:
Korea Other Taxes Payable by Businesses: % of Commercial Profits
KR: Other Taxes Payable by Businesses: % of Commercial Profits data was reported at 1.400 % in 2017. This stayed constant from the previous number of 1.400 % for 2016. KR: Other Taxes Payable by Businesses: % of Commercial Profits data is updated yearly, averaging 1.700 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 2.300 % in 2008 and a record low of 1.400 % in 2017. KR: Other Taxes Payable by Businesses: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 1.40 2017 | yearly | 2005 - 2017 |
View South Korea's Korea Other Taxes Payable by Businesses: % of Commercial Profits from 2005 to 2017 in the chart:
Korea Profit Tax: % of Commercial Profits
KR: Profit Tax: % of Commercial Profits data was reported at 18.200 % in 2017. This stayed constant from the previous number of 18.200 % for 2016. KR: Profit Tax: % of Commercial Profits data is updated yearly, averaging 18.400 % from Dec 2005 to 2017, with 13 observations. The data reached an all-time high of 22.800 % in 2005 and a record low of 15.600 % in 2010. KR: Profit Tax: % of Commercial Profits data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Profit tax is the amount of taxes on profits paid by the business.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.
| Last | Frequency | Range |
|---|---|---|
| 18.20 2017 | yearly | 2005 - 2017 |
View South Korea's Korea Profit Tax: % of Commercial Profits from 2005 to 2017 in the chart:
Korea Strength of Legal Rights Index: 0=Weak To 12=Strong
KR: Strength of Legal Rights Index: 0=Weak To 12=Strong data was reported at 5.000 NA in 2017. This stayed constant from the previous number of 5.000 NA for 2016. KR: Strength of Legal Rights Index: 0=Weak To 12=Strong data is updated yearly, averaging 5.000 NA from Dec 2013 to 2017, with 5 observations. The data reached an all-time high of 5.000 NA in 2017 and a record low of 5.000 NA in 2017. KR: Strength of Legal Rights Index: 0=Weak To 12=Strong data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Business Environment. Strength of legal rights index measures the degree to which collateral and bankruptcy laws protect the rights of borrowers and lenders and thus facilitate lending. The index ranges from 0 to 12, with higher scores indicating that these laws are better designed to expand access to credit.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.
| Last | Frequency | Range |
|---|---|---|
| 5.00 2017 | yearly | 2013 - 2017 |