South Korea has been recognized on the global stage for its favorable conditions for starting and running a business.<br />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.<br />And it was the highest ranked country in the G20.<br />Korea was recognized for its easier contract system and ease of getting electricity.<br />It also showed some improvement on taxation,... but scores for starting a business fell from last year due to increased regulations.<br />New Zealand, Singapore, Hong Kong and Denmark made up the rest of the top 5.<br />
