In 2021, the total revenue of small and medium-sized enterprises (SMEs) operating in the service sector in South Korea amounted to about 1,287 trillion South Korean won, up from about 1,003 trillion South Korean won in the previous year. Most of the revenue was generated from the domestic market.
Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021
(in trillion South Korean won)
Characteristic
Revenue in trillion South Korean won
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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 0.70 euros as of September 2023.
Figures have been rounded.
Total company counts per year are as follows:
2020: 397,427
2021: 535,726
Due to annual corrections and re-organizations, values prior to 2021 are of limited comparability.
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KOSIS. (July 27, 2023). Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021 (in trillion South Korean won) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/
KOSIS. "Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021 (in trillion South Korean won)." Chart. July 27, 2023. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/
KOSIS. (2023). Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021 (in trillion South Korean won). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/
KOSIS. "Total Revenue of Small and Medium-sized Enterprises (Smes) in The Service Sector in South Korea from 2018 to 2021 (in Trillion South Korean Won)." Statista, Statista Inc., 27 Jul 2023, https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/
KOSIS, Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021 (in trillion South Korean won) Statista, https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/ (last visited August 25, 2024)
Total revenue of small and medium-sized enterprises (SMEs) in the service sector in South Korea from 2018 to 2021 (in trillion South Korean won) [Graph], KOSIS, July 27, 2023. [Online]. Available: https://www.statista.com/statistics/1333597/south-korea-revenue-of-service-sector-smes/
