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*Companies that exceed the scope of a small business as follows:

• Companies exceeding the size standard after the Enforcement Decree of the Framework Act on Small and Medium Enterprises [Appendix 1]
• Companies with total assets of 500 billion South Korean won or more
• Companies belonging to the group of companies subject to disclosure
• Companies that are subsidiaries of a corporation with total assets of 500 billion South Korean won or more

Small and medium-sized enterprises 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 business type, companies with three-year average sales of 40 billion South Korean won or less to 150 billion or less are defined as small and medium enterprises.

While small enterprises are companies with three-year average sales of one billion South Korean won or less to 12 billion or less, micro enterprises are small enterprises that employ up to four or nine wage and salary workers with an employment contract more than three months.