South Korea: Property rights

* indicates monthly or quarterly data series
 South Korea

Property rights index (0-100)

 Latest value 89
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 79
 Min - Max 70 - 91
 Source The Heritage Foundation
For that indicator, we provide data for South Korea from 1995 to 2023. The average value for South Korea during that period was 79 points with a minimum of 70 points in 2003 and a maximum of 91 points in 2022. The latest value from 2023 is 89 points. For comparison, the world average in 2023 based on 180 countries is 54 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - Property rights - recent values

Historical chart
South Korea - Property rights - historical chart - 1995-2023

The property rights index for South Korea from The Heritage Foundation reflects the ability of individuals to accumulate private property, secured by clear laws that are fully enforced by the state. It also measures the likelihood of expropriation in South Korea as well as the extent of corruption in the judiciary and the enforcement of contracts.
Definition: The property rights index measures the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws. It also assesses the likelihood that private property will be expropriated and analyzes the independence of the judiciary, the existence of corruption within the judiciary, and the ability of individuals and businesses to enforce contracts. Higher index values denote more certain legal protection of property.

 Related indicators Latest value Reference Measure
 Property rights 89 2023 points
 Freedom from corruption 69 2023 points
 Fiscal freedom 94 2023 points
 Business freedom 85 2023 points
 Labor freedom 56 2023 points
 Monetary freedom 81.40 2023 points
 Trade freedom 72 2023 points
 Investment freedom 60 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 74 2023 index points
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