In 2023, approximately 450,000 new companies were founded in the wholesale and retail trade sector, making it the most prominent industry for startups in South Korea. The accommodation and food services sectors followed with almost 170,000 new startups established.
Number of new companies in South Korea in 2023, by business sector
(in 1,000s)
A start-up or new company here refers to a for-profit business (including individual and corporate businesses) that has completed business registration with the National Tax Service. The figures also include the conversion of a sole proprietorship into a corporation, the merger or demerger of an existing business, and the resumption of the same company after closure.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Ministry of SMEs and Startups. (May 30, 2024). Number of new companies in South Korea in 2023, by business sector (in 1,000s) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of new companies in South Korea in 2023, by business sector (in 1,000s)." Chart. May 30, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. (2024). Number of new companies in South Korea in 2023, by business sector (in 1,000s). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of New Companies in South Korea in 2023, by Business Sector (in 1,000s)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups, Number of new companies in South Korea in 2023, by business sector (in 1,000s) Statista, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/ (last visited December 21, 2024)
Number of new companies in South Korea in 2023, by business sector (in 1,000s) [Graph], Ministry of SMEs and Startups, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
