Starting a business: Time - Men in Korea, Rep.
Korea, Rep.: Starting a business: Time - Men was 8 days in 2019. ▼ Falling
Starting a business: Time - Men in Korea, Rep., 2003–2019
Source: World Bank. Measured in days.
Analysis
The most recent figure for starting a business: time - men in Korea, Rep. is 8 days, measured in 2019. That is the lowest value across all 17 years on record.
The figure is down 42.9% over ten years.
Over the whole period, starting a business: time - men in Korea, Rep. peaked at 17 days in 2003 and was at its lowest, 8 days, in 2012.
Korea, Rep. ranks 127th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.57 days | 14 days | 17 days | 7 |
| 2010s | 8.7 days | 8 days | 14 days | 10 |
Countries ranked near Korea, Rep.
- 126 Mexico 8.41 days compare
- 127 Afghanistan 8 days compare
- 127 Bahrain 8 days compare
- 127 Benin 8 days compare
- 127 Gambia, The 8 days compare
- 127 Germany 8 days compare
- 127 Guinea-Bissau 8 days compare
- 127 Madagascar 8 days compare
- 127 Sierra Leone 8 days compare
- 127 Slovenia 8 days compare
- 127 Sri Lanka 8 days compare
More private sector data for Korea, Rep.
- 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)
- Commercial service exports 149.31 billion current US$ (2025)
- Transport services 19.5% (2025)
- Computer, communications and other services 57.4% (2025)
Frequently asked questions
- What is starting a business: time - men in Korea, Rep.?
- Starting a business: time - men in Korea, Rep. was 8 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Korea, Rep.?
- The highest recorded value was 17 days in 2003.
- What is the lowest starting a business: time - men recorded in Korea, Rep.?
- The lowest recorded value was 8 days in 2012.
- How does Korea, Rep. rank for starting a business: time - men?
- Korea, Rep. ranks 127th out of 188 countries with data for 2019.
- Is starting a business: time - men rising or falling in Korea, Rep.?
- Over the last ten years it is down 42.9%. The long-run trend across the full record is falling.
- Where does this Korea, Rep. data come from?
- The figures come from the World Bank, published as part of Starting a business: Time - Men (days). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.