In 2020, there were about 17.5 million people employed by small and medium-sized enterprises (SMEs) in South Korea, slightly up from about 17.4 million in the previous year. SMEs were the largest employer in South Korea, with their workforce accounting for more than 80 percent of the country's total employment.
Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020
(in millions)
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.
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Ministry of SMEs and Startups. (October 6, 2022). Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020 (in millions) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1333116/south-korea-sme-employment/
Ministry of SMEs and Startups. "Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020 (in millions)." Chart. October 6, 2022. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1333116/south-korea-sme-employment/
Ministry of SMEs and Startups. (2022). Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020 (in millions). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1333116/south-korea-sme-employment/
Ministry of SMEs and Startups. "Number of People Employed by Small and Medium-sized Enterprises (Smes) in South Korea from 2017 to 2020 (in Millions)." Statista, Statista Inc., 6 Oct 2022, https://www.statista.com/statistics/1333116/south-korea-sme-employment/
Ministry of SMEs and Startups, Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020 (in millions) Statista, https://www.statista.com/statistics/1333116/south-korea-sme-employment/ (last visited October 02, 2024)
Number of people employed by small and medium-sized enterprises (SMEs) in South Korea from 2017 to 2020 (in millions) [Graph], Ministry of SMEs and Startups, October 6, 2022. [Online]. Available: https://www.statista.com/statistics/1333116/south-korea-sme-employment/
