Table 1. Expert ratings of Korea’s entrepreneurial framework conditions

Entrepreneurial framework conditions Ratings Rank (out of 45)
Social and cultural norms 5.2 18
Access to entrepreneurial finance 5.6 8
Government policy: support and relevance 6.2 5
Government policy: taxes and bureaucracy 5.1 12
Government entrepreneurship programs 5.8 13
Entrepreneurial education at school 3.9 12
Entrepreneurial education at post-school 4.6 22
Research and development transfer 4.5 18
Commercial and professional infrastructure 4.8 29
Ease of entry: market dynamics 7.9 1
Ease of entry: market burdens and regulations 4.5 21
Physical infrastructure 7.8 6
Note. Rating 0 = very inadequate insufficient status, 10 = very adequate sufficient status.
Adapted from “2020/2021 global report,” by Bosma et al., 2021. Copyright 2021 by Global Entrepreneurship Research Association. Reprinted with permission.