Labor market, S1 - Redress measures in Republic of Korea

Republic of Korea: Labor market, S1 - Redress measures was 0.3985 in 2014. β–Ό Falling

Latest (2014)
0.3985
Change on year
unchanged
World rank
78th
of 90 countries
All-time high
1
in 1973
All-time low
0.3985
in 2008
Years of data
42
1973–2014

Labor market, S1 - Redress measures in Republic of Korea, 1973–2014

00.20.40.60.811973199320141973: 11974: 11975: 11976: 11977: 11978: 11979: 11980: 11981: 11982: 11983: 11984: 11985: 11986: 11987: 11988: 11989: 11990: 11991: 11992: 11993: 11994: 11995: 11996: 11997: 0.5321998: 0.5321999: 0.5322000: 0.5322001: 0.5322002: 0.5322003: 0.5322004: 0.5322005: 0.5322006: 0.5322007: 0.5322008: 0.3992009: 0.3992010: 0.3992011: 0.3992012: 0.3992013: 0.3992014: 0.399

Source: International Monetary Fund.

Analysis

In 2014, labor market, s1 - redress measures in Republic of Korea stood at 0.3985. That is the lowest value across all 42 years on record.

Compared with earlier readings it is down 25.1% over ten years.

Over the whole period, labor market, s1 - redress measures in Republic of Korea peaked at 1 in 1973 and was at its lowest, 0.3985, in 2008.

That places Republic of Korea 78th out of 90 countries with data for 2014, putting it in the bottom quarter.

The long-run direction has been consistently falling across the 42 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1970s 1 1 1 7
1980s 1 1 1 10
1990s 0.8597 0.5322 1 10
2000s 0.5055 0.3985 0.5322 10
2010s 0.3985 0.3985 0.3985 5

Countries ranked near Republic of Korea

  1. 75 Malaysia 0.4208 compare
  2. 75 Paraguay 0.4208 compare
  3. 77 Sweden 0.4135 compare
  4. 78 Japan 0.3985 compare
  5. 80 Bangladesh 0.3762 compare
  6. 80 Algeria 0.3762 compare

See the full ranking of 90 places β†’

More work & labour data for Republic of Korea

All data for Republic of Korea β†’

Frequently asked questions

What is labor market, s1 - redress measures in Republic of Korea?
Labor market, s1 - redress measures in Republic of Korea was 0.3985 in 2014, according to International Monetary Fund.
What is the highest labor market, s1 - redress measures recorded in Republic of Korea?
The highest recorded value was 1 in 1973.
What is the lowest labor market, s1 - redress measures recorded in Republic of Korea?
The lowest recorded value was 0.3985 in 2008.
How does Republic of Korea rank for labor market, s1 - redress measures?
Republic of Korea ranks 78th out of 90 countries with data for 2014.
Is labor market, s1 - redress measures rising or falling in Republic of Korea?
Over the last ten years it is down 25.1%. The long-run trend across the full record is falling.
Where does this Republic of Korea data come from?
The figures come from International Monetary Fund, published as part of Labor market, S1 - Redress measures. Statizoid updates them automatically from the source API.

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Labor market, S1 - Redress measures in Republic of Korea. Statizoid, drawing on International Monetary Fund. Retrieved 20 August 2026, from https://labour.statizoid.com/stat/labor-market-s1-redress-measures/korea-rep/

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About this data

Indicator
Labor market, S1 - Redress measures
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
90 places, 3,515 data points, 1973–2014
Last refreshed

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.