Number of people employed by SMEs South Korea 2021, by size

Number of people employed by small and medium-sized enterprises (SMEs) in South Korea in 2021, by enterprise size

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Release date

September 2023


South Korea

Survey time period


Supplementary notes

*Micro-enterprises excluded

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.

Medium-sized enterprises are small and medium-sized enterprises (SMEs) that are not classified as small enterprises.

Small enterprises are SMEs 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 whose employment contract has a term of three months or more.

Figures have been rounded.

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