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Korea Ranks 8th in Biz Environment: World Bank
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Date
2012.10.24
South Korea ranked eighth in terms of business environment this year partly
thanks to its efforts to streamline regulations related to protecting investor
rights and imposing taxes, the finance ministry said Tuesday.
The ranking
by the World Bank was unchanged from the previous year and marked the second
consecutive year South Korea was listed on the global top 10 list, according to
the ministry.
The Washington-based lender analyzed 185 countries' business
environments by breaking them down into 10 broad categories involving the
so-called business life cycle from start until closure.