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한상넷 로고한상넷

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Korea ranks 5th on World Bank’s ease of doing business report
Collected
2016.10.26
Distributed
2016.10.27
Source
Go Direct
South Korea is the fifth best place in the world to do business in terms of regulation and policy environment, according to a World Bank rank.

Korea ranked fifth among 190 countries in the 2016 “Ease of Doing Business Index” that measures business-friendly environment on simpler regulations and stronger protection for fair trade, a notch down from last year’s place.

It trailed New Zealand, Singapore, Denmark, and Hong Kong. Korea topped among the Group of 20 members, beating the U.K. (7th), the U.S. (8th) and Japan (34th).

By Na Hyun-joon

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