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Economy Year Perceived Opportunities(1) Perceived Capabilities (2)

2008 14.76 30.08


2009 12.78 52.77
2010 13.01 28.96
South Korea

2011 11.24 26.72


2012 12.52 26.93
2013 12.73 28.10
2015 14.39 27.41
2016 35.32 45.09

Definitions
1: Percentage of 18-64 population who see good opportunities to start a firm in the area where they live.
2: Percentage of 18-64 population who believe they have the required skills and knowledge to start a business
3: Percentage of 18-64 perceiving good opportunities to start a business who indicate that fear of failure would prevent the
4: Percentage of 18-64 population (individuals involved in any stage of entrepreneurial activity excluded) who are latent en

Important for research !!

1= Kayleigh
2= Saloni
3= Aubid
4= Jair
Fear of failure rate (3) Entrepreneurial intentions rate (4)

32.93 17.21
23.30 11.39
32.47 10.09
45.08 15.74
43.01 12.98
42.29 12.07
38.11 6.62
31.54 27.47

where they live.


e to start a business
fear of failure would prevent them from setting up a business
tivity excluded) who are latent entrepreneurs and who intend to start a business within three years
Graph 1.1
Economy Year Perceived Opportunities
60.00
55.00
50.00
2008 14.76
45.00
2009 12.78
40.00
2010 13.01
South Korea

35.00
2011 11.24
30.00
2012 12.52
25.00
2013 12.73
20.00
2015 14.39
15.00
2016 35.32
10.00
5.00
0.00
2008 2009 2
Graph 1.1 Perceived Opportunities (2008-2016)
60.00
55.00
50.00
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2008 2009 2010 2011 2012 2013 2015 2016
Economy Year Perceived Capabilities

2008 30.08
2009 52.77
2010 28.96
South Korea

2011 26.72
2012 26.93
2013 28.10
2015 27.41
2016 45.09
Graph 1.2 Perceived Capabilities (2008-2016)
60.00
55.00
50.00
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2008 2009 2010 2011 2012 2013 2015 2016
Economy Year Fear of failure rate

2008 32.93
2009 23.30
2010 32.47
South Korea

2011 45.08
2012 43.01
2013 42.29
2015 38.11
2016 31.54
Graph 1.3 Fear of failure rate (2008-2016)
60.00
55.00
50.00
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2008 2009 2010 2011 2012 2013 2015 2016
Economy Year Entrepreneurial intentions rate

2008 17.21
2009 11.39
2010 10.09
South Korea

2011 15.74
2012 12.98
2013 12.07
2015 6.62
2016 27.47
Graph 1.4 Entrepreneurial intentions rate (2008-2016)
60.00
55.00
50.00
45.00
40.00
35.00
30.00
25.00
20.00
15.00
10.00
5.00
0.00
2008 2009 2010 2011 2012 2013 2015 2016

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