South Korea: entrepreneurial attitudes and perception 2019

This statistic displays the results of a survey asking South Korean adults on their attitudes and perceptions toward entrepreneurship in 2019. During the survey period, 60.4 percent of population stated that they rarely see business opportunities, whereas 52 percent reported that they do not really act on it even when they spot a profitable opportunity.

Attitudes and perceptions toward entrepreneurship in South Korea in 2019

Characteristic	Share of population
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Release date

February 2020

More information

Region

South Korea

Survey time period

2019

Number of respondents

2,000+ adults

Age group

18-64 years

Special properties

Based on 2019 GEM adult population survey

Method of interview

Questionnaire

Supplementary notes

Definitions of the listed indicators according to the source
- Perceived opportunities:
percentage of the population aged 18–64 years who see good opportunities to start a business in the area where they live.
- Perceived capabilities:
percentage of the population aged 18–64 years who believe they have the required skills and knowledge to start a business.
- Fear of failure:
the percentage of the population aged 18-64 years perceiving good opportunities who indicate that fear of failure would prevent them from starting up a business.
- Entrepreneurial intention:
percentage of the population aged 18–64 years (individuals involved in any stage of entrepreneurial activity excluded) who are latent entrepreneurs and intend to start a business within three years.

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