Dealing with construction: Liability and insurance in South Korea
South Korea: Dealing with construction: Liability and insurance 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 South Korea, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
In 2019, dealing with construction permits: liability and insurance regimes in South 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.
South Korea ranks 42nd of 186 countries on this measure, in the top quarter.
Dealing with construction: Liability and insurance in South 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% |
South Korea compared with similar countries
- South Korea's 1 DB16-20 methodology is above the median for high income countries, which is 1 DB16-20 methodology, 1.0× the median. (62 countries reporting)
- South Korea's 1 DB16-20 methodology is above the median for East Asia & Pacific, which is 0.75 DB16-20 methodology, 1.3× the median. (28 countries reporting)
Countries ranked near South Korea
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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: liability and insurance regimes in South Korea?
- Dealing with construction permits: liability and insurance regimes in South 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 South 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 South Korea?
- The lowest recorded value was 1 DB16-20 methodology in 2014.
- How does South Korea rank for dealing with construction permits: liability and insurance regimes?
- South Korea ranks 42nd out of 186 countries with data for 2019.
- Is dealing with construction permits: liability and insurance regimes 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: Liability and insurance regimes index (0-2) (DB16-20 methodology). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.