In 2019, the total revenue of large enterprises such as business conglomerates accounted for more than 50 percent of the total revenue of all enterprises in South Korea. Small and medium-sized enterprises (SMEs), which made up about 99.9 percent of all enterprises in South Korea, had a revenue share of about 48.7 percent.
Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise
Small and medium-sized enterprises 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 business type, companies with three-year average sales of 40 billion South Korean won or less to 150 billion or less are defined as small and medium enterprises.
While small enterprises are companies 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 with an employment contract more than three months.
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. (October 28, 2021). Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/
Ministry of SMEs and Startups. "Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise." Chart. October 28, 2021. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/
Ministry of SMEs and Startups. (2021). Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise. Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/
Ministry of SMEs and Startups. "Distribution of Revenue Generated by Enterprises in South Korea in 2019, by Size of Enterprise." Statista, Statista Inc., 28 Oct 2021, https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/
Ministry of SMEs and Startups, Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise Statista, https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/ (last visited November 05, 2024)
Distribution of revenue generated by enterprises in South Korea in 2019, by size of enterprise [Graph], Ministry of SMEs and Startups, October 28, 2021. [Online]. Available: https://www.statista.com/statistics/1314614/south-korea-revenue-distribution-of-enterprises-by-size/
