24Peaks / Asia / South Korea / Number of New Business Registrations and Bankruptcies

South Korea - Number of New Business Registrations and Bankruptcies 128,455

World Bank WDI · updated 2026-10-15 · 183 economies tracked

Latest value

128,455 (2023)

Global rank

#n/a of 183 economies

vs global median

12.2×

Growth since 2006

1.98×

Ranking Race — Number of New Business Registrations and Bankruptcies

1 = global #1 · higher value ranks higher

#1#3#5#7#9#11#1320062011201620212024#13#132011 overtook India2019 overtook Hong Kong
South KoreaBrazilUnited KingdomSouth AfricaAustralia

Real annual global ranks, 2006 - 2024. South Korea climbed from #13 to #13 (overtook India). Gaps in a lane = missing data that year.

Key events for South Korea ↓

Key Events — South Korea

Auto-detected from rank data + curated milestones

2009
Global crisis slowdown curated

Export slump hits growth before a fast recovery.

2011
Overtook India in global rank auto
2019
Overtook Hong Kong in global rank auto
2020
COVID-19 management curated

Economy contracts slightly while exports stay resilient.

Number of New Business Registrations and Bankruptcies, 2006-2023

World Bank WDI · Number · linear scale · ranking in the race above
2006201120162021202365,01696,546128,076159,606

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