Biz-friendly Environment
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Korea, World's 15th on "Economic Freedom Index"
Ranking | 15 | 25 | 28 | 31 |
---|---|---|---|---|
Country | Korea | US | UK | Japan |
Favorable Business Infrastructure
The result highlights that electricity is supplied through a fast and simple process at an affordable price
International Energy Agency (IEA) said Korea’s average cost of utilities per person (tax included: 8.28 pence/ KWh) is the 2nd lowest of 28 OECD members as of 2020.
Energy price in Korea remains merely half of the OECD average and 25% of that in Denmark (tax included: 33.06 pence/ KWh) which tops in the global energy price index.
Ranking | 1 | 2 | 3 | 4 | 5 |
---|---|---|---|---|---|
Country | UAE | Korea | Hong Kong | Malaysia | Germany |
Korea’s water supply bill is 44.7% of that of the overall average of major countries around the world. For example, the water supply bill of UK is 4.1 times, US is 3.0 times, Japan is 1.6 times, and China is 0.6 times than that of Korea, amounting to 42.3% of the average bill of major overseas countries.
Country | Korea | Italy | Japan | US | France | UK | Germany | Denmark |
---|---|---|---|---|---|---|---|---|
Bill | 719 | 993 | 1,174 | 2,178 | 2,460 | 2,957 | 3,431 | 4,108 |
※ Source: Global Water Intelligence (Global water survey firm)
Active Application for Intellectual Property Rights
Ranking |
PCT International Patent Applications from Major Countries (2021, Unit: case) |
Hague International Design Application from Major Countries (2022, Unit: case) |
Resident patent applications filed per GDP (2021, Unit: case) |
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1 | China | 69,604 | Germany | 4,909 | Korea | 8,159 |
2 | US | 59,405 | US | 2,558 | China | 5,738 |
3 | Japan | 50,275 | Italy | 2,414 | Japan | 4,341 |
4 | Korea | 20,723 | US | 2,412 | Switzerland | 1,581 |
5 | Germany | 17,267 | Switzerland | 2,178 | Germany | 1,494 |
6 | Korea | 1,346 |