Resource information
This economy profile for Doing Business
2015 presents the 11 Doing Business indicators for Korea,
Rep. To allow for useful comparison, the profile also
provides data for other selected economies (comparator
economies) for each indicator. Doing Business 2015 is the
12th edition in a series of annual reports measuring the
regulations that enhance business activity and those that
constrain it. Economies are ranked on their ease of doing
business; for 2015 Korea, Rep ranks 5. A high ease of doing
business ranking means the regulatory environment is more
conducive to the starting and operation of a local firm.
Doing Business presents quantitative indicators on business
regulations and the protection of property rights that can
be compared across 189 economies from Afghanistan to
Zimbabwe and over time. Doing Business measures regulations
affecting 11 areas of the life of a business known as
indicators. Ten of these areas are included in this
year's ranking on the ease of doing business: starting
a business, dealing with construction permits, getting
electricity, registering property, getting credit,
protecting minority investors, paying taxes, trading across
borders, enforcing contracts, and resolving insolvency.
Doing Business also measures labor market regulation, which
is not included in this year's ranking. The data in
this report are current as of June 1, 2014 (except for the
paying taxes indicators, which cover the period from January
to December 2013).
