In 2022, the revenue of small and medium-sized enterprises (SMEs) operating in the South Korean province of Gyeonggi amounted to around 940 trillion South Korean won. The capital Seoul followed with around 823 trillion South Korean won. The total revenue generated by SMEs in South Korea stood at around 3,309 trillion South Korean won that year.
Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by province
(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 province (in trillion South Korean won) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/
Ministry of SMEs and Startups. "Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by province (in trillion South Korean won)." Chart. August 29, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/
Ministry of SMEs and Startups. (2024). Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by province (in trillion South Korean won). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/
Ministry of SMEs and Startups. "Total Revenue of Small and Medium-sized Enterprises (Smes) in South Korea in 2022, by Province (in Trillion South Korean Won)." Statista, Statista Inc., 29 Aug 2024, https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/
Ministry of SMEs and Startups, Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by province (in trillion South Korean won) Statista, https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/ (last visited December 30, 2024)
Total revenue of small and medium-sized enterprises (SMEs) in South Korea in 2022, by province (in trillion South Korean won) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: https://www.statista.com/statistics/1333469/south-korea-revenue-of-smes-by-province/
