South Korea: Cost of starting a business
(measure: percent of Gross National Income per capita; source: The World Bank)
South Korea: The cost of starting a business, % of income per capita: For that indicator, The World Bank provides data for South Korea from 2003 to 2017. The average value for South Korea during that period was 15.56 percent of Gross National Income per capita with a minumum of 14.5 percent of Gross National Income per capita in 2014 and a maximum of 18.4 percent of Gross National Income per capita in 2003. 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.