Entrepreneurial activity participation in South Korea 2019, by business stage

This statistic shows the share of the population involved in entrepreneurial activities in South Korea in 2019, by business stage. That year, around 14.9 percent of South Korean respondents were involved in the early-stage entrepreneurial activity (TEA), business start-ups.

Share of South Koreans involved in entrepreneurial activities in 2019, by phase of business

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Source

Release date

February 2020

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 listed indicators according to the source > - Nascent entrepreneurship rate:
percentage of the population aged 18–64 years that have started a business that is less than 4 months old and that has not paid salaries or wages.
- New business ownership rate:
percentage of the population aged 18–64 years that have started a business that is between 4 and 42 months old and is paying salaries or wages.
- Total early-stage entrepreneurial activity (TEA) rate:
percentage of the population aged 18-64 years who are in the process of starting a business or already started a business (a nascent entrepreneur or owner-manager of a new business) which is less than 42 months old.
- Entrepreneurial employee activity (EEA) rate:
percentage of the population aged 18–64 years who as employees have been involved in entrepreneurial activities such as developing or launching new goods or services, or setting up a new business unit, a new establishment or subsidiary.
- Established business ownership rate (EB):
percentage of the population aged 18–64 years who are currently an owner manager of an established business, i.e. owning and managing a running business that has paid salaries, wages or any other payments to the owners for more than 42 months.
- Discontinuation of businesses rate:
percentage of the population aged 18–64 years that have discontinued a business in the past 12 months, either by selling, shutting down or otherwise discontinuing an owner/management relationship with the business.

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Statistics on "Startups in South Korea "

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