South Korea: Regulatory quality index (-2.5 weak; 2.5 strong)
For that indicator, we provide data for South Korea from 1996 to 2018. The average value for South Korea during that period was 0.85 points with a minimum of 0.28 points in 1998 and a maximum of 1.11 points in 2014.
The latest value from 2018 is 1.09 points. For comparison, the world average in 2018 based on 193
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.