Survival rate of businesses compared to OECD nations South Korea 2019, by age

Published by L. Yoon, Jan 22, 2024
In 2019, the share of new businesses still in operation after five years in South Korea was about 29 percent, while the survival rate of new businesses in OECD countries averaged nearly 41 percent. About two-thirds of South Korean startups closed their businesses after five years.

Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation

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Release date

March 2021

Region

South Korea

Survey time period

2019

Supplementary notes

*Organization for Economic Co-operation and Development.

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Statistics on " Startups in South Korea "

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