South Korea: SME employment by industry 2020

In 2020, there were about 3.35 million people employed in small and medium-sized enterprises (SMEs) operating in the wholesale and retail trade sector in South Korea. The total number of employees in SMEs amounted to about 17.5 million that year.

Number of people employed by small and medium-sized enterprises (SMEs) in South Korea in 2020, by industry (in 1,000s)

Characteristic	Number of persons employed in thousands
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Release date

August 2022

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Region

South Korea

Survey time period

2020

Supplementary notes

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.

Figures have been rounded.

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