Starting a business: Minimum capital (% of income per capita) in South Korea
South Korea: Starting a business: Minimum capital (% of income per capita) was 0.0% in 2019. ◆ Volatile
Starting a business: Minimum capital in South Korea, 2003–2019
Source: World Bank. Measured in % of income per capita.
Analysis
In 2019, starting a business: minimum capital in South Korea stood at 0.0%. That is the lowest value across all 17 years on record.
Over the whole period, starting a business: minimum capital in South Korea peaked at 347.7% in 2003 and was at its lowest, 0.0%, in 2009.
That places South Korea 57th out of 191 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Starting a business: Minimum capital (% of income per capita) in South Korea, year by year
| Year | % of income per capita | Change |
|---|---|---|
| 2003 | 347.7% | — |
| 2004 | 332.0% | -4.5% |
| 2005 | 308.8% | -7.0% |
| 2006 | 299.7% | -2.9% |
| 2007 | 296.0% | -1.2% |
| 2008 | 268.9% | -9.2% |
| 2009 | 0.0% | -100.0% |
| 2010 | 0.0% | — |
| 2011 | 0.0% | — |
| 2012 | 0.0% | — |
| 2013 | 0.0% | — |
| 2014 | 0.0% | — |
| 2015 | 0.0% | — |
| 2016 | 0.0% | — |
| 2017 | 0.0% | — |
| 2018 | 0.0% | — |
| 2019 | 0.0% | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 264.7% | 0.0% | 347.7% | 7 |
| 2010s | 0.0% | 0.0% | 0.0% | 10 |
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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 starting a business: minimum capital in South Korea?
- Starting a business: minimum capital in South Korea was 0.0% in 2019, according to the World Bank.
- What is the highest starting a business: minimum capital recorded in South Korea?
- The highest recorded value was 347.7% in 2003.
- What is the lowest starting a business: minimum capital recorded in South Korea?
- The lowest recorded value was 0.0% in 2009.
- How does South Korea rank for starting a business: minimum capital?
- South Korea ranks 57th out of 191 countries with data for 2019.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Starting a business: Minimum capital (% of income per capita). Statizoid updates them automatically from the source API.
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About this data
The paid-in minimum capital requirement re?ects the amount that the entrepreneur needs to deposit in a bank or with a third-party before registration or up to three months after incorporation. It is calculated as percentage of income per capita. Any legal limitation of the company’s operations or decisions related to the payment of the minimum capital requirement is recorded. In case the legal minimum capital is provided per share, it is assumed 5 shareholders own the company and the legal minimum capital is multiplied by 5 shares. If an economy requires a minimum capital but allows businesses to pay only a part of it before registration, only this part is recorded.