In 2022, there were about 7.66 million micro-enterprises in South Korea, accounting for the biggest share of all enterprises in the country. The total number of SMEs in South Korea stood at over eight million that year.
Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, 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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Ministry of SMEs and Startups. (August 29, 2024). Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, by enterprise size (in 1,000s) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/
Ministry of SMEs and Startups. "Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, by enterprise size (in 1,000s)." Chart. August 29, 2024. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/
Ministry of SMEs and Startups. (2024). Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, by enterprise size (in 1,000s). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/
Ministry of SMEs and Startups. "Number of Small and Medium-sized Enterprises (Smes) in South Korea in 2022, by Enterprise Size (in 1,000s)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/
Ministry of SMEs and Startups, Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, by enterprise size (in 1,000s) Statista, https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/ (last visited November 03, 2024)
Number of small and medium-sized enterprises (SMEs) in South Korea in 2022, by enterprise size (in 1,000s) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: https://www.statista.com/statistics/1333049/south-korea-number-of-smes-by-size/
