Number of establishments South Korea 1993-2023

Published by L. Yoon, Oct 11, 2024

In 2023, there were approximately 6.24 million establishments in South Korea. Since the collection of data in 1993, the number of registered establishments has shown consistent growth over the years. The decrease in 1997 to 1999 was due to the Asian Financial Crisis (also known as the "IMF Crisis" in South Korea) and its aftermath.

Number of establishments in South Korea from 1993 to 2023 (in millions)

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Release date

September 2024

Region

South Korea

Survey time period

1993 to 2023

Supplementary notes

*Provisional figures.

Values have been rounded.

Before 2020, the survey selected establishments that could be interviewed on-site, such as factories, stores, and offices. Since 2020, the survey also included establishments that could not be visited on-site, such as e-commerce businesses and freelancers.

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