Registering property: Time (days) in South Korea
South Korea: Registering property: Time was 5.5 days in 2019. ▼ Falling
Registering property: Time in South Korea, 2004–2019
Source: World Bank. Measured in days.
Analysis
The most recent figure for registering property: time in South Korea is 5.5 days, measured in 2019. That is the lowest value across all 16 years on record.
The figure is down 38.9% over ten years.
Over the whole period, registering property: time in South Korea peaked at 10 days in 2004 and was at its lowest, 5.5 days, in 2016.
That places South Korea 166th out of 187 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 16 years of available data.
Registering property: Time in South Korea, year by year
| Year | days | Change |
|---|---|---|
| 2004 | 10 days | — |
| 2005 | 10 days | +0.0% |
| 2006 | 9.5 days | -5.0% |
| 2007 | 9.5 days | +0.0% |
| 2008 | 9.5 days | +0.0% |
| 2009 | 9 days | -5.3% |
| 2010 | 9 days | +0.0% |
| 2011 | 9 days | +0.0% |
| 2012 | 9 days | +0.0% |
| 2013 | 9 days | +0.0% |
| 2014 | 7 days | -22.2% |
| 2015 | 6.5 days | -7.1% |
| 2016 | 5.5 days | -15.4% |
| 2017 | 5.5 days | +0.0% |
| 2018 | 5.5 days | +0.0% |
| 2019 | 5.5 days | +0.0% |
South Korea compared with similar countries
- South Korea's 5.5 days is below the median for high income countries, which is 17.5 days, 31% of the median. (62 countries reporting)
- South Korea's 5.5 days is below the median for East Asia & Pacific, which is 28 days, 20% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.58 days | 9 days | 10 days | 6 |
| 2010s | 7.15 days | 5.5 days | 9 days | 10 |
Countries ranked near South Korea
More private sector data for South 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 registering property: time in South Korea?
- Registering property: time in South Korea was 5.5 days in 2019, according to the World Bank.
- What is the highest registering property: time recorded in South Korea?
- The highest recorded value was 10 days in 2004.
- What is the lowest registering property: time recorded in South Korea?
- The lowest recorded value was 5.5 days in 2016.
- How does South Korea rank for registering property: time?
- South Korea ranks 166th out of 187 countries with data for 2019.
- Is registering property: time rising or falling in South Korea?
- Over the last ten years it is down 38.9%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Registering property: Time (days). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 16 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of procedures records all the procedures necessary for a business (the buyer) to purchase a property from another business (the seller) and to transfer the property title to the buyer’s name so that the buyer can use the property for expanding its business, use the property as collateral in taking new loans or, if necessary, sell the property to another business. A procedure is defined as any interaction that is legally or in practice required between the buyer, the seller or their agents (if required) and external parties, including government agencies, inspectors, notaries and lawyers.