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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Gyeonggi Northern Chamber of Commerce and Industry. (March 2, 2021). Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/
Gyeonggi Northern Chamber of Commerce and Industry. "Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation." Chart. March 2, 2021. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/
Gyeonggi Northern Chamber of Commerce and Industry. (2021). Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation. Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/
Gyeonggi Northern Chamber of Commerce and Industry. "Survival Rate of New Businesses in South Korea Compared to Other Oecd Nations in 2019, by Years of Operation." Statista, Statista Inc., 2 Mar 2021, https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/
Gyeonggi Northern Chamber of Commerce and Industry, Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation Statista, https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/ (last visited December 19, 2024)
Survival rate of new businesses in South Korea compared to other OECD nations in 2019, by years of operation [Graph], Gyeonggi Northern Chamber of Commerce and Industry, March 2, 2021. [Online]. Available: https://www.statista.com/statistics/1323672/south-korea-survival-rate-of-businesses-compared-to-oecd-by-age/
