South Korea: labor productivity gap between large and small manufacturing firms

In 2019, the labor productivity for small and medium-sized enterprises (SMEs) in South Korea was about 32 percent the level of large enterprises, showing a slight increase from the previous year. The labor productivity gap between South Korean large manufacturing companies and SMEs is one of the largest among member countries of the Organization for Economic Cooperation and Development (OECD).

Difference in labor productivity between large enterprises and small and medium-sized enterprises (SMEs) in the manufacturing sector in South Korea from 2007 to 2019

Characteristic	Difference in labor productivity
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Release date

June 2022

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Region

South Korea

Survey time period

2007 to 2019

Supplementary notes

Labor productivity is measured by real value added in relation to the total number of employees.

The difference is calculated as: (labor productivity of SMEs/labor productivity of large enterprises) * 100

The source did not provide a date of publication. The release date used here is the access date.

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