South Korea has been recognized on the global stage for its favorable conditions for starting and running a business.
According to the 'Doing Business 2020' rankings by the World Bank,... South Korea was placed fifth out of 190 countries,... remaining in the 'top 5' for the sixth year in a row.
And it was the highest ranked country in the G20.
Korea was recognized for its easier contract system and ease of getting electricity.
It also showed some improvement on taxation,... but scores for starting a business fell from last year due to increased regulations.
New Zealand, Singapore, Hong Kong and Denmark made up the rest of the top 5.
