South Korea: Regulatory quality

For that indicator, we provide data for South Korea from 1996 to 2021. The average value for South Korea during that period was 0.88 points with a minimum of 0.32 points in 1998 and a maximum of 1.13 points in 2014. The latest value from 2021 is 1.1 points. For comparison, the world average in 2021 based on 192 countries is -0.03 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.