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Time to Start New Business in South Korea

Source: World Bank
Last Updated: February 1, 2023

Time to start new business reached 8.00 days in 2019 in South Korea, according to the National Statistical Office. This is 0% more than in the previous year.

Historically, time to start new business in South Korea reached an all time high of 17.0 days in 2003 and an all time low of 8.00 days in 2019.

South Korea has been ranked 117th within the group of 172 countries we follow in terms of time to start new business.

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