Labor market, S1 - Firing costs in Korea
Korea: Labor market, S1 - Firing costs was 0.8765 in 2014. β² Rising
Labor market, S1 - Firing costs in Korea, 1973β2014
Source: International Monetary Fund.
Analysis
Korea recorded 0.8765 for labor market, s1 - firing costs in 2014. That is the highest value across all 42 years on record.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, labor market, s1 - firing costs in Korea peaked at 0.8765 in 1997 and was at its lowest, 0.8148, in 1973.
Korea ranks 12th of 90 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.8148 | 0.8148 | 0.8148 | 7 |
| 1980s | 0.8148 | 0.8148 | 0.8148 | 10 |
| 1990s | 0.8333 | 0.8148 | 0.8765 | 10 |
| 2000s | 0.8765 | 0.8765 | 0.8765 | 10 |
| 2010s | 0.8765 | 0.8765 | 0.8765 | 5 |
Countries ranked near Korea
- 9 Netherlands 0.8912 compare
- 10 Burkina Faso 0.8833 compare
- 11 South Africa 0.8788 compare
- 12 Jordan 0.8765 compare
- 14 Romania 0.8759 compare
- 15 Italy 0.8743 compare
More work & labour data for Korea
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Legislation on sexual harassment in employment 1 (2023)
- Criminal penalties or civil remedies sexual harassment in employment 1 (2023)
- Women can take the same jobs as men 1 (2023)
- Labor force participation rate, total (% of total population ages 15+) 64.4% (2025)
- Labor force participation rate, male (% of male population ages 15+) 72.0% (2025)
- Ratio of female to male labor force participation rate (%) 78.9% (2025)
- Labor force participation rate, female (% of female population ages) 56.8% (2025)
- Labor force participation rate, total (% of total population ages) 71.2% (2025)
Frequently asked questions
- What is labor market, s1 - firing costs in Korea?
- Labor market, s1 - firing costs in Korea was 0.8765 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - firing costs recorded in Korea?
- The highest recorded value was 0.8765 in 1997.
- What is the lowest labor market, s1 - firing costs recorded in Korea?
- The lowest recorded value was 0.8148 in 1973.
- How does Korea rank for labor market, s1 - firing costs?
- Korea ranks 12th out of 90 countries with data for 2014.
- Is labor market, s1 - firing costs rising or falling in Korea?
- Over the last ten years it is unchanged. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Labor market, S1 - Firing costs. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.