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.
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SeanHayes@ipglegal.com
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