In 2023, approximately 450,000 new companies were founded in the wholesale and retail trade sector, making it the most prominent industry for startups in South Korea. The accommodation and food services sectors followed with almost 170,000 new startups established.
Number of new companies in South Korea in 2023, by business sector
(in 1,000s)
A start-up or new company here refers to a for-profit business (including individual and corporate businesses) that has completed business registration with the National Tax Service. The figures also include the conversion of a sole proprietorship into a corporation, the merger or demerger of an existing business, and the resumption of the same company after closure.
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Ministry of SMEs and Startups. (May 30, 2024). Number of new companies in South Korea in 2023, by business sector (in 1,000s) [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of new companies in South Korea in 2023, by business sector (in 1,000s)." Chart. May 30, 2024. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. (2024). Number of new companies in South Korea in 2023, by business sector (in 1,000s). Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of New Companies in South Korea in 2023, by Business Sector (in 1,000s)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups, Number of new companies in South Korea in 2023, by business sector (in 1,000s) Statista, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/ (last visited December 03, 2024)
Number of new companies in South Korea in 2023, by business sector (in 1,000s) [Graph], Ministry of SMEs and Startups, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/