South Korea: Property rights

* indicates monthly or quarterly data series
 South Korea

Property rights index (0-100)

 Latest value 88
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 79
 Min - Max 70 - 91
 Source The Heritage Foundation
The latest value from 2024 is 88 points, a decline from 89 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for South Korea from 1995 to 2024 is 79 points. The minimum value, 70 points, was reached in 2003 while the maximum of 91 points was recorded in 2022. 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 data
South Korea - Property rights - Recent values chart

Historical series
South Korea - Property rights - historical chart - 1995-2024




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.

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 Related indicators Latest Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 69 2024 points
 Fiscal freedom 92 2024 points
 Business freedom 85 2024 points
 Labor freedom 57 2024 points
 Monetary freedom 77.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 60 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 73 2024 index points
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