Small enterprises are SMEs with three-year average sales of one billion South Korean won or less to 12 billion or less.
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 or less are defined as SMEs.
In 2022, there were about *** thousand small enterprises in South Korea, down about **** thousand to the previous year. The total number of small and medium-sized enterprises (SMEs) in South Korea stood at over million that year.
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Ministry of SMEs and Startups. (August 29, 2024). Number of small enterprises in South Korea from 2019 to 2022 (in 1,000s) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 29, 2026, from /statistics/1333099/south-korea-number-of-small-enterprises/
Ministry of SMEs and Startups. "Number of small enterprises in South Korea from 2019 to 2022 (in 1,000s)." Chart. August 29, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 29, 2026. /statistics/1333099/south-korea-number-of-small-enterprises/
Ministry of SMEs and Startups. (2024). Number of small enterprises in South Korea from 2019 to 2022 (in 1,000s). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 29, 2026. /statistics/1333099/south-korea-number-of-small-enterprises/
Ministry of SMEs and Startups. "Number of Small Enterprises in South Korea from 2019 to 2022 (in 1,000s)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Aug 2024, /statistics/1333099/south-korea-number-of-small-enterprises/
Ministry of SMEs and Startups, Number of small enterprises in South Korea from 2019 to 2022 (in 1,000s) ÌÇÐÄÆƽâ°æ, /statistics/1333099/south-korea-number-of-small-enterprises/ (last visited July 29, 2026)
Number of small enterprises in South Korea from 2019 to 2022 (in 1,000s) [Graph], Ministry of SMEs and Startups, August 29, 2024. [Online]. Available: /statistics/1333099/south-korea-number-of-small-enterprises/
