Global BusinessSouth Korea

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GLOBAL BUSINESS

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In Canada's Alberta Province, Syncrude is mining black gold hand over fist

Photographs for TIME by Todd Korol / Aurora Select

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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

TV Anywhere, Anytime

Take-out TV may be exciting, but it sure isn't cheap


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
South Korea

How is this data measured?

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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