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5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020
5-year survival rate of startups South Korea 2020
In 2020, only **** percent of newly established businesses in South Korea managed to remain operational after five years, while the average five-year survival rate for new businesses in OECD countries was notably higher at **** percent. This means that roughly ** percent of startups in South Korea ceased operations within the first five years of establishment.
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* For commercial use only
Basic Account
For single users
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Access limited to Free Statistics. Premium Statistics are not included.
- Free Statistics
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Starter Account
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$199 USD
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Professional Account
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1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
Yonhap. (October 3, 2023). 5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/1471334/south-korea-5-year-survival-rate-of-startups/
Yonhap. "5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020." Chart. October 3, 2023. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/1471334/south-korea-5-year-survival-rate-of-startups/
Yonhap. (2023). 5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/1471334/south-korea-5-year-survival-rate-of-startups/
Yonhap. "5-year Survival Rate of New Businesses in South Korea Compared to Other Oecd Nations in 2020." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 3 Oct 2023, /statistics/1471334/south-korea-5-year-survival-rate-of-startups/
Yonhap, 5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020 ÌÇÐÄÆƽâ°æ, /statistics/1471334/south-korea-5-year-survival-rate-of-startups/ (last visited July 31, 2026)
5-year survival rate of new businesses in South Korea compared to other OECD nations in 2020 [Graph], Yonhap, October 3, 2023. [Online]. Available: /statistics/1471334/south-korea-5-year-survival-rate-of-startups/
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