Of the approximately 7.7 million small and medium-sized enterprises (SMEs) in South Korea, around 1.97 million were established since 2020. The share of SMEs from recent decades is higher, while those that had been founded in the mid-20th century are gradually disappearing.
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment
(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.
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KOSIS. (September 12, 2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment (in 1,000s) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/
KOSIS. "Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment (in 1,000s)." Chart. September 12, 2023. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/
KOSIS. (2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment (in 1,000s). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/
KOSIS. "Number of Small and Medium-sized Enterprises (Smes) in South Korea in 2021, by Year of Establishment (in 1,000s)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/
KOSIS, Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment (in 1,000s) Statista, https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/ (last visited December 30, 2024)
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by year of establishment (in 1,000s) [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/1333381/south-korea-number-of-smes-by-establishment/
