In 2021, there were approximately 1.67 million small and medium-sized enterprises (SMEs) in South Korea that were more than one year and less than three years old. The majority of SMEs in South Korea had been in operation for no more than seven years. The total number of SMEs in South Korea amounted to about 7.7 million in 2021.
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation
(in 1,000s)
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.
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KOSIS. (September 12, 2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation (in 1,000s) [Graph]. In Statista. Retrieved September 19, 2024, from https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/
KOSIS. "Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation (in 1,000s)." Chart. September 12, 2023. Statista. Accessed September 19, 2024. https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/
KOSIS. (2023). Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation (in 1,000s). Statista. Statista Inc.. Accessed: September 19, 2024. https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/
KOSIS. "Number of Small and Medium-sized Enterprises (Smes) in South Korea in 2021, by Years of Operation (in 1,000s)." Statista, Statista Inc., 12 Sep 2023, https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/
KOSIS, Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation (in 1,000s) Statista, https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/ (last visited September 19, 2024)
Number of small and medium-sized enterprises (SMEs) in South Korea in 2021, by years of operation (in 1,000s) [Graph], KOSIS, September 12, 2023. [Online]. Available: https://www.statista.com/statistics/1333391/south-korea-number-of-smes-by-age/