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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:

32

DB 2016 Rank:

32

Change in Rank:

0

DB 2017 DTF (% points):

92.52

DB 2016 DTF (% points):

92.52

Change in DTF (% points):

0.00

Indicator Korea, Rep OECD high income
Time to export: Border compliance (hours) info_outline 13 12
Cost to export: Border compliance (USD) info_outline 185 150
Time to export: Documentary compliance (hours) info_outline 1 3
Cost to export: Documentary compliance (USD) info_outline 11 36
Time to import: Border compliance (hours) info_outline 6 9
Cost to import: Border compliance (USD) info_outline 315 115
Time to import: Documentary compliance (hours) info_outline 1 4
Cost to import: Documentary compliance (USD) info_outline 27 26
Characteristics Export Import
Product HS 85 : Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles HS 8708: Parts and accessories of motor vehicles
Trade partner China Japan
Border Incheon port Busan port
Distance (km) 34 401
Domestic transport time (hours) 1 7
Domestic transport cost (USD) 216 568
Export documents
Bill of lading
Packing list
Customs export declaration
Import documents
Bill of lading
Delivery Order
Customs import declaration