According to a survey conducted among South Koreans in 2023, approximately 83 percent of respondents expressed their intention to build significant wealth by starting a business. About 28.3 percent stated that their motivation came from the scarcity of jobs in South Korea. Only 3.9 percent of respondents aimed to make a difference in the world by starting a business, which was the lowest figure among the 45 countries surveyed.
Motivation to start a business in South Korea in 2023
Characteristic
Share of respondents
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GEM. (February 13, 2024). Motivation to start a business in South Korea in 2023 [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/
GEM. "Motivation to start a business in South Korea in 2023." Chart. February 13, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/
GEM. (2024). Motivation to start a business in South Korea in 2023. Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/
GEM. "Motivation to Start a Business in South Korea in 2023." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/
GEM, Motivation to start a business in South Korea in 2023 Statista, https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/ (last visited August 25, 2024)
Motivation to start a business in South Korea in 2023 [Graph], GEM, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/1323696/south-korea-motivation-to-start-a-business/