The World Bank released its annual report titled “Doing Business 2012,” in which Korea was rated 8th place among 183 countries in terms of business environment. According to the report, Korea ranked 6th among OECD members, 3rd within the G20 countries and in East Asia. Korea previously ranked 27th in 2005, 23rd in 2008, 19th in 2009, and 16th in 2010. Korea moved up eight notches this year and ranked in the top 10 for the first time. In addition, the 2012 report includes a case study on Korea’s policy efforts to improve the business environment.
* Source : 『Monthly Economic Bulletin』 Vol.33 No.11 (Ministry of Strategy and Finance and Korea Development Institute)
