In 2023, a total of 189 businesses declared insolvency in South Korea. Business insolvencies in the country have been trending downwards over the last decade, first falling below one thousand in 2014.
Total number of business insolvencies in South Korea from 1990 to 2023
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Statistics Korea. (May 30, 2024). Total number of business insolvencies in South Korea from 1990 to 2023 [Graph]. In Statista. Retrieved February 15, 2025, from https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed
Statistics Korea. "Total number of business insolvencies in South Korea from 1990 to 2023." Chart. May 30, 2024. Statista. Accessed February 15, 2025. https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed
Statistics Korea. (2024). Total number of business insolvencies in South Korea from 1990 to 2023. Statista. Statista Inc.. Accessed: February 15, 2025. https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed
Statistics Korea. "Total Number of Business Insolvencies in South Korea from 1990 to 2023." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed
Statistics Korea, Total number of business insolvencies in South Korea from 1990 to 2023 Statista, https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed (last visited February 15, 2025)
Total number of business insolvencies in South Korea from 1990 to 2023 [Graph], Statistics Korea, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/1116793/number-business-insolvencies-south-korea/?__sso_cookie_checker=failed