South Korea: Regulatory quality index (-2.5 weak; 2.5 strong), 1996 - 2020:
For that indicator, we provide data for South Korea from 1996 to 2020. The average value for South Korea during that period was 0.87 points with a minimum of 0.28 points in 1998 and a maximum of 1.11 points in 2014.
The latest value from 2020 is 1.03 points. For comparison, the world average in 2020 based on 192
countries is -0.02 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: The index of Regulatory Quality captures perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.