South Korea: Cost of starting a business

For that indicator, we provide data for South Korea from 2003 to 2019. The average value for South Korea during that period was 15.45 percent of per capita GNI with a minimum of 14.5 percent of per capita GNI in 2014 and a maximum of 18.4 percent of per capita GNI in 2003. The latest value from 2019 is 14.6 percent of per capita GNI. For comparison, the world average in 2019 based on 185 countries is 19.87 percent of per capita GNI. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The indicator includes all official fees and fees for legal or professional services if such services are required by law. The company law, the commercial code, and specific regulations and fee schedules are used as sources for calculating costs. The indicator excludes bribes.