Revenue of SMEs South Korea 2019-2021

Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2021

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Release date

September 2023

Region

South Korea

Survey time period

2019 to 2021

Supplementary notes

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.

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