Dealing with construction permits: Cost (% of Warehouse value) in South Korea
South Korea: Dealing with construction permits: Cost (% of Warehouse value) was 4.4% in 2019. ▬ Flat
Dealing with construction permits: Cost in South Korea, 2005–2019
Source: World Bank. Measured in % of Warehouse value.
Analysis
In 2019, dealing with construction permits: cost in South Korea stood at 4.4%.
The figure is unchanged over ten years.
Over the whole period, dealing with construction permits: cost in South Korea peaked at 4.5% in 2005 and was at its lowest, 4.3%, in 2011.
South Korea ranks 63rd of 188 countries on this measure, in the middle of the range.
Dealing with construction permits: Cost (% of Warehouse value) in South Korea, year by year
| Year | % of Warehouse value | Change |
|---|---|---|
| 2005 | 4.5% | — |
| 2006 | 4.5% | +0.0% |
| 2007 | 4.4% | -2.2% |
| 2008 | 4.4% | +0.0% |
| 2009 | 4.4% | +0.0% |
| 2010 | 4.4% | +0.0% |
| 2011 | 4.3% | -2.3% |
| 2012 | 4.3% | +0.0% |
| 2013 | 4.3% | +0.0% |
| 2014 | 4.3% | +0.0% |
| 2015 | 4.3% | +0.0% |
| 2016 | 4.3% | +0.0% |
| 2017 | 4.4% | +2.3% |
| 2018 | 4.4% | +0.0% |
| 2019 | 4.4% | +0.0% |
South Korea compared with similar countries
- South Korea's 4.4% is above the median for high income countries, which is 1.1%, 3.8× the median. (62 countries reporting)
- South Korea's 4.4% is above the median for East Asia & Pacific, which is 2.2%, 2.0× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.4% | 4.4% | 4.5% | 5 |
| 2010s | 4.3% | 4.3% | 4.4% | 10 |
Countries ranked near South Korea
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.5% (2025)
- Manufactures imports 62.1% (2025)
- Merchandise imports 631.89 billion current US$ (2025)
- Commercial service imports 183.44 billion current US$ (2025)
- Food exports 1.7% (2025)
- Manufactures exports 88.0% (2025)
- Merchandise exports 709.33 billion current US$ (2025)
- Commercial service exports 149.31 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
Frequently asked questions
- What is dealing with construction permits: cost in South Korea?
- Dealing with construction permits: cost in South Korea was 4.4% in 2019, according to the World Bank.
- What is the highest dealing with construction permits: cost recorded in South Korea?
- The highest recorded value was 4.5% in 2005.
- What is the lowest dealing with construction permits: cost recorded in South Korea?
- The lowest recorded value was 4.3% in 2011.
- How does South Korea rank for dealing with construction permits: cost?
- South Korea ranks 63rd out of 188 countries with data for 2019.
- Is dealing with construction permits: cost rising or falling in South Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Dealing with construction permits: Cost (% of Warehouse value). Statizoid updates them automatically from the source API.
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About this data
The cost records all official costs associated with completing the procedures to legally build a warehouse, including the costs associated with obtaining land use approvals and preconstruction design clearances; receiving inspections before, during and after construction; obtaining utility connections; and registering the warehouse at the property registry. It is calculated as a percentage of the warehouse value. Nonrecurring taxes required for the completion of the warehouse project are also recorded. Sales taxes (such as value added tax) or capital gains taxes are not recorded. Nor are deposits that must be paid up front and are later refunded.