#

Ease of Doing Business in

Korea, Rep

Korea, Rep Download Profile (1771.7KB, pdf)
Region OECD high income
Income Category High income
Population 50,617,045
GNI Per Capita (US$) 27,440
City covered Seoul

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 5 4 down
1
84.07 83.86 down
0.21
Starting a Business 11 17 up
6
95.83 94.36 up
1.47
Dealing with Construction Permits 31 28 down
3
77.84 77.83 up
0.01
Getting Electricity 1 1
-
99.88 99.88
-
Registering Property 39 41 up
2
76.34 76.22 up
0.12
Getting Credit 44 42 down
2
65.00 65.00
-
Protecting Minority Investors 13 10 down
3
73.33 73.33
-
Paying Taxes 23 25 up
2
86.56 86.54 up
0.02
Trading across Borders 32 32
-
92.52 92.52
-
Enforcing Contracts 1 1
-
84.15 84.15
-
Resolving Insolvency 4 6 up
2
89.22 88.75 up
0.47

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

1

DB 2016 Rank:

1

Change in Rank:

0

DB 2017 DTF (% points):

99.88

DB 2016 DTF (% points):

99.88

Change in DTF (% points):

0.00

STANDARDIZED CONNECTION
Price of electricity (US cents per kWh) 9.0
Name of utility Korea Electric Power Corp (KEPCO)
City Seoul
Indicator Korea, Rep OECD high income
Procedures (number) info_outline 3 4.8
Time (days) info_outline 18 76.2
Cost (% of income per capita) info_outline 38.3 62.5
Reliability of supply and transparency of tariff index (0-8) info_outline 8 7.5
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Request and receive internal wiring inspection

    Agency: Korea Electrical Safety Corporation (KESCO)

    The customer has to hire a licensed electrician or an electrical contractor to design and install the internal facilities. The customer should submit the application with the license number and the certification stamp of the hired electrician attached for the internal inspection to KESCO (Korea Electrical Safety Corporation). According to The Electricity Enterprises Act #62, #63 and The Enforcement Regulations of Electricity Enterprises Act #31, facilities over 75kVA shall be inspected by KESCO.

    5 calendar days KRW 148,740
    2

    Submit application to KEPCO and sign contract

    Agency: Korea Electric Power Corporation (KEPCO)

    As soon as KEPCO receives the electricity application, it charges the customer for a standard connection fee, and the customer signs a contract with KEPCO.

    1 calendar day KRW 11,690,523.48
    3

    Receive external works, meter installation and electricity flow

    Agency: Korea Electric Power Corporation (KEPCO)

    On signing the contract with the customer, KEPCO begins designing the external wiring works, securing materials, and making a contract with the electricity contractors. These activities are not related to the customer, but KEPCO's internal procedures.
    Generally, warehouses are connected with overhead distribution lines in Seoul (90% of network is overhead).

    12 calendar days KRW 0

  • Measure of quality
    Answer
    Reliability of supply and transparency of tariff index (0-8) 8.0
    Total duration and frequency of outages per customer a year (0-3) 3.0
    System average interruption duration index (SAIDI) 0.1
    System average interruption frequency index (SAIFI) 0.08
    Mechanisms for monitoring outages (0-1) 1.0
    Does the distribution utility use automated tools to monitor outages? Yes
    Mechanisms for restoring service (0-1) 1.0
    Does the distribution utility use automated tools to restore service? Yes
    Regulatory monitoring (0-1) 1.0
    Does a regulator—that is, an entity separate from the utility—monitor the utility’s performance on reliability of supply? Yes
    Financial deterrents aimed at limiting outages (0-1) 1.0
    Does the utility either pay compensation to customers or face fines by the regulator (or both) if outages exceed a certain cap? Yes
    Communication of tariffs and tariff changes (0-1) 1.0
    Are effective tariffs available online? Yes
    Link to the website, if available online http://home.kepco.co.kr/kepco/EN/F/htmlView/ENFBHP003.do?menuCd=EN060203
    Are customers notified of a change in tariff ahead of the billing cycle? Yes
    Answer
    Price of electricity (US cents per kWh) 9.0

    Note:

    If the duration and frequency of outages is 100 or less, the economy is eligible to score on the Reliability of supply and transparency of tariff index.

    If the duration and frequency of outages is not available, or is over 100, the economy is not eligible to score on the index.