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)
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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Statistics Korea. (September 27, 2024). Number of establishments in South Korea from 1993 to 2023 (in millions) [Graph]. In Statista. Retrieved January 26, 2025, from https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed
Statistics Korea. "Number of establishments in South Korea from 1993 to 2023 (in millions)." Chart. September 27, 2024. Statista. Accessed January 26, 2025. https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed
Statistics Korea. (2024). Number of establishments in South Korea from 1993 to 2023 (in millions). Statista. Statista Inc.. Accessed: January 26, 2025. https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed
Statistics Korea. "Number of Establishments in South Korea from 1993 to 2023 (in Millions)." Statista, Statista Inc., 27 Sep 2024, https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed
Statistics Korea, Number of establishments in South Korea from 1993 to 2023 (in millions) Statista, https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed (last visited January 26, 2025)
Number of establishments in South Korea from 1993 to 2023 (in millions) [Graph], Statistics Korea, September 27, 2024. [Online]. Available: https://www.statista.com/statistics/1125155/south-korea-number-of-businesses/?__sso_cookie_checker=failed
