South Korea has ranked a mediocre 69.9 (moderately free) behind major regional allies and behind nearly 30 countries that are “free” or “mostly free.” Korea ranks, rightfully, very low in the categories “freedom from corruption” and “labor freedom.”
Korea has an excellent ranking in business freedom and a mediocre ranking in all other major categories. There has been no major change in Korea’s ranking for many years.
Regional Ranking
rank country overall score change from previous
1 Hong Kong 89.9 0.2
2 Singapore 87.5 0.3
3 Australia 83.1 0.6
4 New Zealand 82.1 -0.2
5 Taiwan 71.9 1.1
6 Macau 71.8 -1.3
7 Japan 71.6 -1.2
8 South Korea 69.9 0.1
9 Malaysia 66.4 0.1
10 Thailand 64.9 0.2
The complete report can be found at the Heritage Foundation.
__________
SeanHayes@ipglegal.com
Similar Posts:
- Korea Needs a Rugby Team: Sports as a Driving Force for Economic Growth in Advanced Economies like Korea by Daniel Gardner
- Opportunities for Australian and New Zealand Business in Korea
- Global Innovation Index: Korea Scores 14th in World
- Hanwha Korea Loses Battle in New York Court over Forum Non Conveniens Issue
- Koreans Doing Business in and with New Zealand
- Liquidated Damages Clauses Upheld by Korean Courts
- Exclusion of Japan from Export/Import White List
- The Korean Law Blog cited by the Washington Post on the Freedom of the Press in Korea
- Korean Economy Strong this Year According to Moody’s
- Korean Data Privacy: Korean National Assembly passes the Second Major Amendment to the Personal Information Protection Act of Korea
You must log in to post a comment.