Korea - Time required to start a business

Time required to start a business (days)

Time required to start a business (days) in Korea was 8.00 as of 2019. Its highest value over the past 16 years was 17.00 in 2008, while its lowest value was 8.00 in 2012.

Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2003 17.00
2004 17.00
2005 17.00
2006 17.00
2007 17.00
2008 17.00
2009 14.00
2010 14.00
2011 9.00
2012 8.00
2013 8.00
2014 8.00
2015 8.00
2016 8.00
2017 8.00
2018 8.00
2019 8.00

Time required to start a business, female (days)

The value for Time required to start a business, female (days) in Korea was 8.00 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 17.00 in 2008 and a minimum value of 8.00 in 2012.

Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2003 17.00
2004 17.00
2005 17.00
2006 17.00
2007 17.00
2008 17.00
2009 14.00
2010 14.00
2011 9.00
2012 8.00
2013 8.00
2014 8.00
2015 8.00
2016 8.00
2017 8.00
2018 8.00
2019 8.00

Time required to start a business, male (days)

The value for Time required to start a business, male (days) in Korea was 8.00 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 17.00 in 2008 and a minimum value of 8.00 in 2012.

Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2003 17.00
2004 17.00
2005 17.00
2006 17.00
2007 17.00
2008 17.00
2009 14.00
2010 14.00
2011 9.00
2012 8.00
2013 8.00
2014 8.00
2015 8.00
2016 8.00
2017 8.00
2018 8.00
2019 8.00

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment