* indicates monthly or quarterly data series
South Korea: Financial freedom index (0-100): For that indicator, The Heritage Foundation provides data for South Korea from 1995 to 2019. The average value for South Korea during that period was 63 points with a minumum of 50 points in 1999 and a maximum of 80 points in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Financial Freedom index for South Korea from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.