Starting a business: Minimum capital in Republic of Korea
Republic of Korea: Starting a business: Minimum capital was 0.0% in 2019. ◆ Volatile
Starting a business: Minimum capital in Republic of Korea, 2003–2019
Source: World Bank. Measured in % of income per capita.
Analysis
In 2019, starting a business: minimum capital in Republic of 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 Republic of Korea peaked at 347.7% in 2003 and was at its lowest, 0.0%, in 2009.
That places Republic of 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 in Republic of 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 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 starting a business: minimum capital in Republic of Korea?
- Starting a business: minimum capital in Republic of Korea was 0.0% in 2019, according to the World Bank.
- What is the highest starting a business: minimum capital recorded in Republic of Korea?
- The highest recorded value was 347.7% in 2003.
- What is the lowest starting a business: minimum capital recorded in Republic of Korea?
- The lowest recorded value was 0.0% in 2009.
- How does Republic of Korea rank for starting a business: minimum capital?
- Republic of Korea ranks 57th out of 191 countries with data for 2019.
- Where does this Republic of 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.