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.
1,000 South Korean won equals 0.76 U.S. dollars or 0.68 euros as of October 2024.Â
In 2022, the total revenue of small and medium-sized enterprises (SMEs) in South Korea amounted to about trillion South Korean won, up from about trillion South Korean won three years prior.
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Ministry of SMEs and Startups. (August 29, 2024). Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2022 (in trillion South Korean won) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 04, 2026, from /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/
Ministry of SMEs and Startups. "Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2022 (in trillion South Korean won)." Chart. August 29, 2024. ÌÇÐÄÆƽâ°æ. Accessed August 04, 2026. /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/
Ministry of SMEs and Startups. (2024). Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2022 (in trillion South Korean won). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 04, 2026. /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/
Ministry of SMEs and Startups. "Total Revenue of Small and Medium-sized Enterprises (Smes) in South Korea from 2019 to 2022 (in Trillion South Korean Won)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Aug 2024, /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/
Ministry of SMEs and Startups, Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2022 (in trillion South Korean won) ÌÇÐÄÆƽâ°æ, /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/ (last visited August 04, 2026)
Total revenue of small and medium-sized enterprises (SMEs) in South Korea from 2019 to 2022 (in trillion South Korean won) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: /statistics/1223240/south-korea-sales-revenue-of-small-and-medium-enterprises/
