Starting a business: Time - Women (days) in South Korea
South Korea: Starting a business: Time - Women was 8 days in 2019. ▼ Falling
Starting a business: Time - Women in South Korea, 2003–2019
Source: World Bank. Measured in days.
Analysis
South Korea recorded 8 days for starting a business: time - women 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 - women in South Korea peaked at 17 days in 2003 and was at its lowest, 8 days, in 2012.
That places South Korea 132nd out of 191 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Time - Women in South Korea, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 17 days | — |
| 2004 | 17 days | +0.0% |
| 2005 | 17 days | +0.0% |
| 2006 | 17 days | +0.0% |
| 2007 | 17 days | +0.0% |
| 2008 | 17 days | +0.0% |
| 2009 | 14 days | -17.6% |
| 2010 | 14 days | +0.0% |
| 2011 | 9 days | -35.7% |
| 2012 | 8 days | -11.1% |
| 2013 | 8 days | +0.0% |
| 2014 | 8 days | +0.0% |
| 2015 | 8 days | +0.0% |
| 2016 | 8 days | +0.0% |
| 2017 | 8 days | +0.0% |
| 2018 | 8 days | +0.0% |
| 2019 | 8 days | +0.0% |
South Korea compared with similar countries
- South Korea's 8 days is below the median for high income countries, which is 9.25 days, 86% of the median. (62 countries reporting)
- South Korea's 8 days is below the median for East Asia & Pacific, which is 12.82 days, 62% of the median. (28 countries reporting)
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 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 starting a business: time - women in South Korea?
- Starting a business: time - women in South Korea was 8 days in 2019, according to the World Bank.
- What is the highest starting a business: time - women recorded in South Korea?
- The highest recorded value was 17 days in 2003.
- What is the lowest starting a business: time - women recorded in South Korea?
- The lowest recorded value was 8 days in 2012.
- How does South Korea rank for starting a business: time - women?
- South Korea ranks 132nd out of 191 countries with data for 2019.
- Is starting a business: time - women rising or falling in South Korea?
- Over the last ten years it is down 42.9%. 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 Starting a business: Time - Women (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 women captures the median duration that business incorporation experts indicate is necessary for five female 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.