The annual “index of economic freedom” for 157 countries was released. The index measures ten variables, such as the ability to do business, property rights, corruption and labour freedom. The average score (0 equals repressed, 100 equals free) was 60.6%, down slightly from last year but the second-highest since the survey began. North Korea remained rooted at the bottom (several countries, including Iraq, were not ranked).
– The Economist

Hong Kong got the top score of 89.3%, US being the fourth, UK sixth, and Japan as 18th.

South Korea ranked 36th among 157 countries, 68.6% of “freedom score.”
(complete ranking: http://www.heritage.org/research/features/index/countries.cfm)

According to this report, South Korea has high levels of business freedom, fiscal freedom, freedom from government, investment freedom, monetary freedom, and property rights, while trade freedom, financial freedom, and labor freedom are rather weak.
(complete article: http://www.heritage.org/research/features/index/country.cfm?id=KoreaSouth)