South Korea: Property rights
(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
South Korea: Property rights 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 78 points with a minumum of 70 points in 2003 and a maximum of 90 points in 1995. See the global rankings for that indicator or use the country comparator to compare trends over time.
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.