Motivation to start a business South Korea 2023

Published by L. Yoon, Jun 25, 2024

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

© Statista 2024
Download
Show detailed source information?
Register for free
Already a member?
Log in
Source

Use Ask Statista Research Service

Release date

February 2024

Region

South Korea

Survey time period

2023

Age group

18-64 years

Citation formats
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts

Statistics on " Startups in South Korea "

The most important statistics
The most important statistics
The most important statistics
The most important statistics
The most important statistics

Other statistics that may interest you Startups in South Korea

Startups and unicorns

5

Startup ecosystem

6

Venture capital

5

Crowdfunding

5

Startup founders

5

Further Content: You might find this interesting as well

Topics

Startups in South Korea Fintech in South KoreaKakao BankCoupang Inc. of South KoreaHYBE Corporation
Access all statistics starting from $2,388 USD yearly *

* For commercial use only

Basic Account

For single users
$0 USD
Always free
Access limited to Free Statistics. Premium Statistics are not included.
  • Free Statistics
Based on your interests

Starter Account

For single users
$199 USD
per month, billed annually 1
Buy now
  • Free Statistics
  • Premium Statistics

    • The statistic on this page is a Premium Statistic and is included in this account.

Professional Account

For teams of up to 5 people
$959 USD
per month, billed annually 1
Buy now
  • Free + Premium Statistics
  • Reports
  • Market Insights

1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.

Compare accounts
Learn more about how Statista can support your business.