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Korea, Rep.—Average Firm Age (years)

Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #1 of 116Updated April 2026
Latest Value
193 years
2024
Global Rank
#1
of 116 countries

Korea, Rep.'s average firm age (years) was 193 years in 2024, ranking #1 out of 116 countries. Data sourced from the World Bank World Development Indicators.

Historical Data

YearValueChange
2024193 years

Top Countries — Average Firm Age (years)

#CountryValueYear
1Korea, Rep.193 years2024
2Uruguay167 years2024
3Belgium146 years2024
4Germany122 years2021
5Peru118 years2023
6Tunisia111 years2024
7France110 years2021
8Austria96 years2021
9Benin78 years2024
10Czechia74 years2024
View all 116 countries →

About This Indicator

Definition

The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.

Methodology

Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.

Source: World Bank - World Development IndicatorsCoverage: 2003–2025View original source →

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United States vs South Korea →South Korea vs Japan →South Korea vs Australia →

Korea, Rep. Data

Korea, Rep. — All Indicators →Korea, Rep. GDP →Korea, Rep. Population →