• South Korea: motivations for early stage entrepreneurial activity by gender 2019

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This statistic displays the results of a survey asking South Korean entrepreneurs about their motivation for early-stage entrepreneurial activity in 2019. About 72.4 percent of the male early-stage entrepreneuers and 58.9 percent of female early-stage entrepreneurs stated that they are starting or running a new business to build great wealth or very high income.

Motivation for early-stage entrepreneurial activity in South Korea in 2019, by gender

	Male	Female
-	-	-
-	-	-
-	-	-
-	-	-

Source

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Source

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 listed indicators according to the source >
- Necessity-driven:
percentage of the population aged 18–64 years who have started a business out of necessity because they had no other option.
- Opportunity-driven:
percentage of the population aged 18–64 years who have started a business out of an opportunity.

The survey data shows that 13 percent of the total respondents reported to be involved in early stage of entrepreneurial activity, either in the process of starting a business or already started a business which is less than 42 months old.