Number of venture companies South Korea 1999-2022

Published by L. Yoon, Feb 26, 2024

In 2022, there were about 32.2 thousand venture businesses in South Korea, down from about 37.7 thousand two years before. The number of venture companies had previously increased sharply over the past two decades.

Number of venture businesses in South Korea from 1999 to 2022 (in 1,000s)

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Release date

January 2024

Region

South Korea

Survey time period

1999 to 2022

Supplementary notes

A venture business is a technology-intensive small and medium-sized enterprise (SME) that develops cutting-edge technology and ideas for its business and meets the requirements of Article 2-2 of the South Korean Act on Special Measures for the Promotion of Venture Businesses.

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