In 2021, there were around 6.1 million establishments in South Korea. Since the National Business Investigation study started collecting data in 1993, the number of registered establishments showed overarching steady growth as the years passed. The dip in 1997 to 1999 was due to the occurrence and aftermath of the Asian Financial Crisis (also known as "IMF Crisis" in South Korea).
Number of establishments in South Korea from 1993 to 2021 (in millions)
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KOSIS. (March 31, 2023). Number of establishments in South Korea from 1993 to 2021 (in millions) [Graph]. In Statista. Retrieved June 02, 2024, from https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/
KOSIS. "Number of establishments in South Korea from 1993 to 2021 (in millions)." Chart. March 31, 2023. Statista. Accessed June 02, 2024. https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/
KOSIS. (2023). Number of establishments in South Korea from 1993 to 2021 (in millions). Statista. Statista Inc.. Accessed: June 02, 2024. https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/
KOSIS. "Number of Establishments in South Korea from 1993 to 2021 (in Millions)." Statista, Statista Inc., 31 Mar 2023, https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/
KOSIS, Number of establishments in South Korea from 1993 to 2021 (in millions) Statista, https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/ (last visited June 02, 2024)
Number of establishments in South Korea from 1993 to 2021 (in millions) [Graph], KOSIS, March 31, 2023. [Online]. Available: https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/