South Korea

Economic Freedom Rating, 5-Yr Change - South Korea Compared to Continent

Footnote

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North Korea	-66.25%
Turkmenistan	-15.54%
Myanmar	-11.95%
Cambodia	-11.81%
Bangladesh	-8.96%
Philippines	-7.31%
Sri Lanka	-6.72%
Thailand	-3.54%
Indonesia	-3.39%
Singapore	-0.90%
Taiwan	-0.87%
South Korea	-0.60%
China	0.42%
Hong Kong	0.50%
Azerbaijan	2.22%
Pakistan	3.34%
Armenia	4.48%
Malaysia	5.65%
India	5.81%
Nepal	6.11%
Japan	7.13%
Kyrgyztan	7.74%
Vietnam	7.85%
Mongolia	8.81%
Kazakhstan	15.78%
Tajikistan	17.02%
Georgia	18.21%
Laos	20.00%
Uzbekistan	36.51%

South Korea: Economic freedom index, 5-year change

Increased economic freedom is strongly associated with high GDP growth, and therefore with rises in residential property prices. Changes in a country’s score on the Heritage Foundation’s freedom index are calculated by the Global Property Guide to produce a 5-point rating:

• Greatly Improved
• Improved
• Nuetral
• Worse
• Much Worse

Source: Calculated using figures from The Heritage Foundation and the Wall Street Journal

South Korea has good house price statistics. The Kookmin Bank releases a monthly house price index. Good sources of economics statistics are the Korea National Statistical Office (KNSO) and the Bank of Korea.