In 2021, there were around 7.7 million small and medium-sized enterprises (SMEs) and almost ten thousand large enterprises in South Korea. Small and medium-sized enterprises accounted for about 99.9 percent of all enterprises in South Korea that year.
Number of enterprises in South Korea in 2021, by size of enterprise
Characteristic
Number of enterprises
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Small and medium-sized enterprises 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 business type, companies with three-year average sales of 40 billion South Korean won or less to 150 billion or less are defined as small and medium enterprises.
While small enterprises are companies with three-year average sales of one billion South Korean won or less to 12 billion or less, micro enterprises are small enterprises that employ up to four or nine wage and salary workers with an employment contract more than three months.
Large enterprises are companies that are not small and medium-sized enterprises, such as large business groups that are subject to cross-shareholding restrictions.
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KOSIS. (September 12, 2023). Number of enterprises in South Korea in 2021, by size of enterprise [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/
KOSIS. "Number of enterprises in South Korea in 2021, by size of enterprise." Chart. September 12, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/
KOSIS. (2023). Number of enterprises in South Korea in 2021, by size of enterprise. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/
KOSIS. "Number of Enterprises in South Korea in 2021, by Size of Enterprise." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/
KOSIS, Number of enterprises in South Korea in 2021, by size of enterprise Statista, https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/ (last visited September 01, 2024)
Number of enterprises in South Korea in 2021, by size of enterprise [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/1314592/south-korea-number-of-enterprises-by-size/