5 Asian Countries with the Best Quality of Life

3. South Korea

Human Development Index (2021): 0.925

Government Effectiveness (2022): 90.09

Economic Freedom Index (2023): 73.70

Insider Monkey Rating: 81.895 out of 100

South Korea is ranked 3rd on our list, reporting an HDI of 0.925 as of 2021. According to the World Bank, South Korea reported a Government Effectiveness rating of 90.09%. The Economic Freedom Index rating of the county is 73.70 as of 2023.