Labor market, S1 - Additional requirements for collective dismissal in South Korea
South Korea: Labor market, S1 - Additional requirements for collective dismissal was 0.7792 in 2014. ▼ Falling
Labor market, S1 - Additional requirements for collective dismissal in South Korea, 1973–2014
Source: International Monetary Fund.
Analysis
In 2014, labor market, s1 - additional requirements for collective dismissal in South Korea stood at 0.7792. That is the lowest value across all 42 years on record.
The figure is down 10.1% over ten years.
Over the whole period, labor market, s1 - additional requirements for collective dismissal in South Korea peaked at 1 in 1973 and was at its lowest, 0.7792, in 2011.
That places South Korea 56th out of 90 countries with data for 2014, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Additional requirements for collective dismissal in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 1 | — |
| 1974 | 1 | +0.0% |
| 1975 | 1 | +0.0% |
| 1976 | 1 | +0.0% |
| 1977 | 1 | +0.0% |
| 1978 | 1 | +0.0% |
| 1979 | 1 | +0.0% |
| 1980 | 1 | +0.0% |
| 1981 | 1 | +0.0% |
| 1982 | 1 | +0.0% |
| 1983 | 1 | +0.0% |
| 1984 | 1 | +0.0% |
| 1985 | 1 | +0.0% |
| 1986 | 1 | +0.0% |
| 1987 | 1 | +0.0% |
| 1988 | 1 | +0.0% |
| 1989 | 1 | +0.0% |
| 1990 | 1 | +0.0% |
| 1991 | 1 | +0.0% |
| 1992 | 1 | +0.0% |
| 1993 | 1 | +0.0% |
| 1994 | 1 | +0.0% |
| 1995 | 1 | +0.0% |
| 1996 | 1 | +0.0% |
| 1997 | 1 | +0.0% |
| 1998 | 0.8667 | -13.3% |
| 1999 | 0.8667 | +0.0% |
| 2000 | 0.8667 | +0.0% |
| 2001 | 0.8667 | +0.0% |
| 2002 | 0.8667 | +0.0% |
| 2003 | 0.8667 | +0.0% |
| 2004 | 0.8667 | +0.0% |
| 2005 | 0.8667 | +0.0% |
| 2006 | 0.8667 | +0.0% |
| 2007 | 0.8667 | +0.0% |
| 2008 | 0.8042 | -7.2% |
| 2009 | 0.8042 | +0.0% |
| 2010 | 0.8042 | +0.0% |
| 2011 | 0.7792 | -3.1% |
| 2012 | 0.7792 | +0.0% |
| 2013 | 0.7792 | +0.0% |
| 2014 | 0.7792 | +0.0% |
South Korea compared with similar countries
- South Korea's 0.7792 is above the median for high income countries, which is 0.7682, 1.0× the median. (37 countries reporting)
- South Korea's 0.7792 is below the median for East Asia & Pacific, which is 1, 78% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1 | 1 | 1 | 7 |
| 1980s | 1 | 1 | 1 | 10 |
| 1990s | 0.9733 | 0.8667 | 1 | 10 |
| 2000s | 0.8542 | 0.8042 | 0.8667 | 10 |
| 2010s | 0.7842 | 0.7792 | 0.8042 | 5 |
Countries ranked near South Korea
More work & labour data for South Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Unemployment rate (ILO modelled estimates) 2.96 (2027)
- Labour dependency ratio 0.78 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 97,052 (2027)
- Output per worker, GDP constant 2015 US $ 65,686 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
Frequently asked questions
- What is labor market, s1 - additional requirements for collective dismissal in South Korea?
- Labor market, s1 - additional requirements for collective dismissal in South Korea was 0.7792 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - additional requirements for collective dismissal recorded in South Korea?
- The highest recorded value was 1 in 1973.
- What is the lowest labor market, s1 - additional requirements for collective dismissal recorded in South Korea?
- The lowest recorded value was 0.7792 in 2011.
- How does South Korea rank for labor market, s1 - additional requirements for collective dismissal?
- South Korea ranks 56th out of 90 countries with data for 2014.
- Is labor market, s1 - additional requirements for collective dismissal rising or falling in South Korea?
- Over the last ten years it is down 10.1%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Additional requirements for collective dismissal. Statizoid updates them automatically from the source API.
Download this data
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.