Job vacancy rate in service sector SMEs South Korea 2018-2021

Job vacancy rate in small and medium-sized enterprises (SMEs) operating in the service sector in South Korea from 2018 to 2021

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Release date

July 2023

Region

South Korea

Survey time period

2018 to 2021

Number of respondents

9,000 service sector SMEs*

Method of interview

Face-to-face interview, online survey

Supplementary notes

*number of SMEs surveyed in 2021.

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.

Total company counts per year are as follows:
2020: 397,427
2021: 535,726

Due to annual corrections and re-organizations, values prior to 2021 are of limited comparability.

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