South Korea: job vacancy rate in manufacturing SMEs 2020

In 2020, the job vacancy rate in small and medium-sized enterprises (SMEs) operating in the manufacturing industry stood at about 2.07 percent, up from about 1.4 percent in the previous year. The job vacancy rate was highest among manual workers.

Job vacancy rate in small and medium-sized enterprises (SMEs) operating in the manufacturing sector in South Korea from 2018 to 2020

Characteristic	Job vacancy rate
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Release date

June 2022

More information

Region

South Korea

Survey time period

2018 to 2020

Number of respondents

7,500 manufacturing SMEs

Method of interview

Face-to-face interview, online survey

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.

The job vacancy rate refers to the percentage of total demand for labor at the time of the survey and is calculated as (number of vacancies) / (number of employees + number of vacancies) x 100.

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