The SME Market in South Korea

What is a Small to Medium Enterprise in South Korea?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Small and medium-sized enterprises in Asia are businesses with no more than 500 employees.

  🇰🇷 KRW [1577.36 GBP]    Asia/Seoul
The  SME Market in South Korea
Image: Adobe Stock photo_HYANG #239147688

How big is the SME Market in South Korea?

Small and medium-size enterprises play a hugely important role in the economy of South Korea. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

South Korea has a population of over 51,418,097 people.

What help is available for SMEs in South Korea?

Help for small and medium enterprises (SMEs) in Asia includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we will have suitable people to help you whatever your language or time zone.