In 2022, the revenue of small and medium-sized enterprises (SMEs) in South Korea amounted to around 3,309 trillion South Korean won, with SMEs in the wholesale and retail trade sector generating the highest revenue of around 1,120.5 trillion South Korean won. Manufacturing SMEs followed with a revenue of around 834.6 trillion South Korean won.
Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry
(in trillion South Korean won)
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.
1,000 South Korean won equals 0.76 U.S. dollars or 0.68 euros as of October 2024.Â
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Ministry of SMEs and Startups. (August 29, 2024). Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry (in trillion South Korean won) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/
Ministry of SMEs and Startups. "Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry (in trillion South Korean won)." Chart. August 29, 2024. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/
Ministry of SMEs and Startups. (2024). Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/
Ministry of SMEs and Startups. "Total Revenue of Small and Medium-sized Enterprises (Smes) in South Korea in 2022, by Industry (in Trillion South Korean Won)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/
Ministry of SMEs and Startups, Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry (in trillion South Korean won) Statista, https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/ (last visited December 23, 2024)
Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by industry (in trillion South Korean won) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: https://www.statista.com/statistics/1333464/south-korea-revenue-of-smes-by-industry/
