Seoul re­mains in 5th spot in busi­ness en­vi­ron­ment

The Korea Times - - FINANCE -

Korea has re­mained un­changed in fifth place out of 190 coun­tries in this year’s rank­ing on the ease of do­ing busi­ness, a re­port showed Thurs­day.

It marked the sixth straight year that Korea made the top five in the an­nual “Do­ing Busi­ness” re­port by the World Bank.

The ease of do­ing busi­ness rank­ing mea­sures 10 ar­eas of busi­ness reg­u­la­tion — start­ing a busi­ness, deal­ing with con­struc­tion per­mits, get­ting elec­tric­ity, reg­is­ter­ing prop­erty, get­ting credit, pro­tect­ing mi­nor­ity in­vestors, pay­ing taxes, trad­ing across bor­ders, en­forc­ing con­tracts and re­solv­ing in­sol­vency.

New Zea­land stood at the top for pro­vid­ing the best over­all busi­ness en­vi­ron­ment, fol­lowed by Sin­ga­pore and Hong Kong. Den­mark fin­ished fourth this year, while the United States and Bri­tain placed sixth and eighth, re­spec­tively.

Korea came in sec­ond in the cat­e­gory of get­ting elec­tric­ity and en­forc­ing con­tracts in 2019, re­spec­tively, both un­changed from a year ear­lier.

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