In 2021, there were about 7.34 million micro-enterprises in South Korea, accounting for a big share of all enterprises in the country. The total number of SMEs in South Korea stood at about 7.7 million that year.
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size
(in 1,000s)
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.
Medium-sized enterprises are small and medium-sized enterprises (SMEs) that are not classified as small enterprises.
Small enterprises are SMEs with three-year average sales of one billion South Korean won or less to 12 billion or less.
Micro enterprises are small enterprises that employ up to four or nine wage and salary workers whose employment contract has a term of three months or more.
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KOSIS. (September 12, 2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size (in 1,000s) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/
KOSIS. "Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size (in 1,000s)." Chart. September 12, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/
KOSIS. (2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size (in 1,000s). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/
KOSIS. "Number of Small and Medium-sized Enterprises (Smes) in South Korea in 2021, by Enterprise Size (in 1,000s)." Statista, Statista Inc., 12 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/
KOSIS, Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size (in 1,000s) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/ (last visited September 20, 2024)
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size (in 1,000s) [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1333049/south-korea-number-of-smes-by-size/