In 2020, small and medium-sized enterprises (SMEs) accounted for about 99.9 percent of all enterprises in South Korea. Large companies, such as business conglomerates, accounted for about 0.1 percent of all enterprises.
Share of small and medium-sized enterprises (SMEs) in South Korea in 2020
Small and medium-sized enterprises (SMEs) are for-profit businesses whose total assets do not exceed 500 billion South Korean won and which meet the criterion of independence (not a subsidiary of a large enterprise). Depending on the type of business, companies with average three-year sales of 40 billion South Korean won or less to 150 billion South Korean won or less are defined as SMEs.
Large enterprises are companies that are not small and medium-sized enterprises, such as large business groups that are subject to cross-shareholding restrictions.
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Ministry of SMEs and Startups. (July 28, 2022). Share of small and medium-sized enterprises (SMEs) in South Korea in 2020 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/
Ministry of SMEs and Startups. "Share of small and medium-sized enterprises (SMEs) in South Korea in 2020." Chart. July 28, 2022. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/
Ministry of SMEs and Startups. (2022). Share of small and medium-sized enterprises (SMEs) in South Korea in 2020. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/
Ministry of SMEs and Startups. "Share of Small and Medium-sized Enterprises (Smes) in South Korea in 2020." Statista, Statista Inc., 28 Jul 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/
Ministry of SMEs and Startups, Share of small and medium-sized enterprises (SMEs) in South Korea in 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/ (last visited September 20, 2024)
Share of small and medium-sized enterprises (SMEs) in South Korea in 2020 [Graph], Ministry of SMEs and Startups, July 28, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1314603/south-korea-share-of-smes/