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
