In 2021, there were about 7.34 million micro-enterprises in South Korea, up from about 6.92 million in the previous year. That year, there were around 7.7 million small and medium-sized enterprises in the country.
Number of micro-enterprises in South Korea from 2019 to 2021
(in 1,000s)
Characteristic
Number of micro-enterprises in thousands
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Micro enterprises are small enterprises that employ up to four or nine wage and salary workers with an employment contract more than three months.
Small enterprises are SMEs with three-year average sales of one billion South Korean won or less to 12 billion or less.
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 or less are defined as SMEs.
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KOSIS. (September 12, 2023). Number of micro-enterprises in South Korea from 2019 to 2021 (in 1,000s) [Graph]. In Statista. Retrieved July 05, 2024, from https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
KOSIS. "Number of micro-enterprises in South Korea from 2019 to 2021 (in 1,000s)." Chart. September 12, 2023. Statista. Accessed July 05, 2024. https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
KOSIS. (2023). Number of micro-enterprises in South Korea from 2019 to 2021 (in 1,000s). Statista. Statista Inc.. Accessed: July 05, 2024. https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
KOSIS. "Number of Micro-enterprises in South Korea from 2019 to 2021 (in 1,000s)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/
KOSIS, Number of micro-enterprises in South Korea from 2019 to 2021 (in 1,000s) Statista, https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/ (last visited July 05, 2024)
Number of micro-enterprises in South Korea from 2019 to 2021 (in 1,000s) [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/1333064/south-korea-number-of-micro-enterprises/