South Korea: used car market small enterprises revenue 2017

In 2017, small enterprises in the used car market in South Korea recorded revenue of over three trillion South Korean won. According to the source, the annual growth rate of revenue for small enterprises in the used car market was on average 16.8 percent. In 2013, the used car market was designated as a "SME suited sector" by the South Korean government, which blocked larger corporations from entering or expanding in the market.

Revenue of small enterprises in the used car market in South Korea from 2013 to 2017 (in trillion South Korean won)

Characteristic	Revenue of small enterprises in trillion South Korean won
2017	3.34
2016	2.53
2015	2.12
2014	1.88
2013	1.8

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Release date

December 2019

More information

Region

South Korea

Survey time period

2013 to 2017

Supplementary notes

Not to be confused with small medium enterprises (SMEs), which cover businesses of a larger scale.

Values have been rounded.

1,000 South Korean won equals 0.84 U.S. dollars or 0.74 euros (as of July 2020).

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