Dealing with construction permits: Liability and insurance regimes in Republic of Korea
Republic of Korea: Dealing with construction permits: Liability and insurance regimes was 1 DB16-20 methodology in 2019. ▬ Flat
Latest (2019)
1 DB16-20 methodology
Change on year
unchanged
World rank
42nd
of 186 countries
All-time high
1 DB16-20 methodology
in 2014
All-time low
1 DB16-20 methodology
in 2014
Years of data
6
2014–2019
Dealing with construction permits: Liability and insurance regimes in Republic of Korea, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
In 2019, dealing with construction permits: liability and insurance regimes in Republic of Korea stood at 1 DB16-20 methodology. That is the highest value across all 6 years on record.
The figure is unchanged over ten years.
Republic of Korea ranks 42nd of 186 countries on this measure, in the top quarter.
Dealing with construction permits: Liability and insurance regimes in Republic of Korea, year by year
| Year | DB16-20 methodology | Change |
|---|---|---|
| 2014 | 1 DB16-20 methodology | — |
| 2015 | 1 DB16-20 methodology | +0.0% |
| 2016 | 1 DB16-20 methodology | +0.0% |
| 2017 | 1 DB16-20 methodology | +0.0% |
| 2018 | 1 DB16-20 methodology | +0.0% |
| 2019 | 1 DB16-20 methodology | +0.0% |
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More private sector data for Republic of Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is dealing with construction permits: liability and insurance regimes in Republic of Korea?
- Dealing with construction permits: liability and insurance regimes in Republic of Korea was 1 DB16-20 methodology in 2019, according to the World Bank.
- What is the highest dealing with construction permits: liability and insurance regimes recorded in Republic of Korea?
- The highest recorded value was 1 DB16-20 methodology in 2014.
- What is the lowest dealing with construction permits: liability and insurance regimes recorded in Republic of Korea?
- The lowest recorded value was 1 DB16-20 methodology in 2014.
- How does Republic of Korea rank for dealing with construction permits: liability and insurance regimes?
- Republic of Korea ranks 42nd out of 186 countries with data for 2019.
- Is dealing with construction permits: liability and insurance regimes rising or falling in Republic of Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from the World Bank, published as part of Dealing with construction permits: Liability and insurance regimes index (0-2) (DB16-20 methodology). Statizoid updates them automatically from the source API.
Download this data
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About this data
The liability and insurance regimes index evaluates the stringency of latent defect liability and insurance regimes. It has two components: (i) whether any parties involved in the construction process are held legally liable for latent defects such as structural flaws or problems in the building once it is in use; (ii) whether any party involved in the construction process is legally required to obtain a latent defect liability or decennial (10 years) liability insurance policy to cover possible structural flaws or problems in the building once it is in use. The index is computed based on the methodology in the DB16-20 studies.