South Korea: labor productivity gap between firms in the service sector

In 2019, the labor productivity for small and medium-sized enterprises (SMEs) operating in the service sector in South Korea was about 49.7 percent the level of large enterprises. The labor productivity of large enterprises in the service sector was about 60 million South Korean won, while that of small and medium-sized enterprises (SMEs) was around 30 million South Korean won that year.

Difference in labor productivity between large enterprises and small and medium-sized enterprises (SMEs) in the service 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 here 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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