Global BusinessSouth Korea
South Korea
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MULTIMEDIA
GLOBAL BUSINESS
The Business of Mud
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Bangkok, The Capital of Gridlock
A megacity tries to unravel the world's worst traffic jams. Photographs by Philip Blenkinsop / NOOR for TIME
Risk and Execution
Media tycoon Jean-Marie Messier talks about dealing with attention in the media, the differences between France and the US and Nicolas Sarkozy
COUNTRY NAVIGATOR
- South Korea
- Capital: Seoul
- GCI Rank: 11 What's This?
Developed for the World Economic Forum by Professor Xavier Sala-i-Martin, the Global Competitiveness Index (GCI) measures the competitiveness of nations using economic statistics and extensive polling of international business leaders.
FEATURED STORIES
South Korea
Risky Business.
Investing in North Korea might seem like a crazy idea, but some are betting that stronger commercial links could push the Hermit Kingdom toward reform
Hyundai Grows Up
No more snide jokes. With its reliable vehicles, the South Korean car maker is a serious contender
DOING BUSINESS IN SOUTH KOREA
Problematic Factors
- Access to financing
- Restrictive labor regulations
- Foreign currency regulations
- Inadequate supply of infrastructure
- Inefficient government bureaucracy
- Inadequately educated workforce
- Poor work ethic in national labor force
- Policy instability
- Government instability/coups
- Crime and theft
- Corruption
- Tax regulations
- Tax rates
- Inflation
- 0 10 20 30
- Percent of responses
Note: From a list of 14 factors, respondents were asked to select the five most problematic factors for doing business in their country/economy and to rank them between 1(most problematic) and 5. The bars in the figure show the responses weighted according to their ranking.
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