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Yearly Trends of SMEs

Unit : Number of Firms and Persons and %

infomation
2010 2011 2012 2013 2014
Number of
Firms
Total 3,125,457 3,234,687 3,354,320 3,418,993 3,545,473
SMEs 3,122,332 3,231,634 3,351,404 3,415,863 3,542,350
Ratio (99.9) (99.9) (99.9) (99.9) (99.9)
Number of
Employees
Total 14,135,234 14,534,230 14,891,162 15,344,860 15,962,745
SMEs 12,262,535 12,626,746 13,059,372 13,421,594 14,027,636
Ratio (86.8) (86.9) (87.7) (87.5) (87.9)

Source : National Statistics Office

In Korea, there are about 3.5 million small and medium-sized enterprises, which make up about 99.9 percent of the total number of Korean firms. As for the number of employees, Korean SMEs employ approximately 14 million, constituting nearly 88% of the workforce.

Contribution by Big Corporations and SMEs
in Manufacturing to Economic Development
infomation
2011 2012 2013 2014
Number of
Firms
SMEs
(Ratio,%)
114,020
(99.4)
115,500
(99.4)
117,969
(99.4)
123,661
(99.4)
LEs
(Ratio,%)
631
(0.6)
67
(0.6)
630
(0.6)
708
(0.6)
Number of Employees
(Number of persons)
SMEs
(Ratio,%)
2,323,439
(76.7)
2,363,961
(76.4)
2,418,584
(77.8)
2,529,673
(77.4)
LEs
(Ratio,%)
707,002
(23.3)
731,366
(23.6)
687,549
(22.2)
738,258
(22.6)
Production
(100 million won)
SMEs
(Ratio,%)
7,264,432
(46.6)
7,171,505
(45.7)
7,398,594
(47.6)
7,482,101
(48.3)
LEs
(Ratio,%)
8,336,483
(53.4)
8,510,041
(54.3)
8,139,750
(52.4)
8,001,532
(51.7)
Value added
(100 million won)
SMEs
(Ratio,%)
2,373,824
(47.3)
2,392,607
(47.6)
2,235,637
(46.8)
2,600,115
(51.2)
LEs
(Ratio,%)
2,641,683
(52.7)
2,628,982
(52.4)
2,531,657
(53.2)
2,480,735
(48.8)

Source : National Statistics Office

As for the contribution to the Korean economy, Korean SMEs account for less than 50% while Korea’s large companies make up more than 50% in terms of both production and added value.