Scope of Small and Medium Enterprises
Article 3 of the Enforcement Decree of the Framework Act on Small and Medium Enterprises
- 1. Size classification by business type : The three-year average sales of a company's main business should meet the following criteria
- 2. Upper limit : Total assets of an SME shall not exceed KRW 500 billion regardless of business type
Scope of Small and Medium Enterprises table
| Main Businesses | Code | Small and Medium Enterprises (Average Sales) |
Small Enterprise (Average Sales) |
|
|---|---|---|---|---|
| Manufacturing (6 business types) |
Manufacturing of clothing, clothing accessories, and fur products | C14 | KRW 150 billion or less | KRW 12 billion or less |
| Manufacturing of leather, bags, and shoes | C15 | |||
| Manufacturing of pulp, paper, and paper products | C17 | KRW 12 billion or less | ||
| Primary metal manufacturing | C24 | KRW 8 billion or less | ||
| Electrical equipment manufacturing | C28 | |||
| Furniture manufacturing | C32 | |||
| Agriculture, forestry, and fisheries | A | KRW 100 billion or less | KRW 8 billion or less | |
| Mining | B | |||
| Manufacturing (12 business types) |
Food manufacturing | C10 | KRW 12 billion or less | |
| Tobacco manufacturing | C12 | KRW 8 billion or less | ||
| Textile product manufacturing (excluding clothing manufacturing) | C13 | |||
| Timber and wood product manufacturing (excluding furniture manufacturing) | C16 | |||
| Manufacturing of coke, briquettes, and refined petroleum products | C19 | KRW 12 billion or less | ||
| Chemicals and chemical product manufacturing (excluding medicine manufacturing) | C20 | |||
| Rubber and plastic product manufacturing | C22 | KRW 8 billion or less | ||
| Metalwork product manufacturing (excluding machine and furniture manufacturing) | C25 | KRW 12 billion or less | ||
| Manufacturing of electronic parts, computers, video, audio, and communications equipment | C26 | |||
| Manufacturing of other machines and equipment | C29 | |||
| Automobile and trailer manufacturing | C30 | |||
| Manufacturing of other transportation equipment | C31 | KRW 8 billion or less | ||
| Supply of electricity, gas, steam, and air conditioning | D | KRW 12 billion or less | ||
| Waterworks | E36 | |||
| Construction | F | KRW 8 billion or less | ||
| Wholesale and retail businesses | G | KRW 5 billion or less | ||
| Manufacturing(6 business types) | Beverage manufacturing | C11 | KRW 80 billion or less | KRW 12 billion or less |
| Printing and recording media duplication | C18 | KRW 8 billion or less | ||
| Manufacturing of medical materials and pharmaceuticals | C21 | KRW 12 billion or less | ||
| Manufacturing of nonmetallic mineral products | C23 | |||
| Manufacturing of medical, precision, optics and clocks | C27 | KRW 8 billion or less | ||
| Manufacturing of other products | C33 | |||
| Water, sewage, and waste disposal, raw material recycling (excluding waterworks) | E(excluding E36) | KRW 3 billion or less | ||
| Transportation and warehousing | H | KRW 8 billion or less | ||
| Information and communications | J | KRW 5 billion or less | ||
| Repair of industrial machinery and equipment | C34 | KRW 60 billion or less | KRW 1 billion or less | |
| Professional, scientific, and technical services | M | KRW 3 billion or less | ||
| Business facility management, business support, and rental services (excluding rental businesses) | N(excluding N76) | KRW 3 billion or less | ||
| Health and social welfare services | Q | KRW 1 billion or less | ||
| Arts, sports and leisure services | R | KRW 3 billion or less | ||
| Repair and other personal services | S | KRW 1 billion or less | ||
| Accommodations and restaurants | I | KRW 40 billion or less | KRW 1 billion or less | |
| Finance and insurance | K | KRW 8 billion or less | ||
| Real estate businesses | L | KRW 3 billion or less | ||
| Leasing businesses | N76 | KRW 3 billion or less | ||
| Education services | P | KRW 1 billion or less | ||
| Note: The below businesses follow the same standard as before the amendment according to the Korean Standard Industrial Classification (As of 2023) |
||||
| Manufacturing of new seats for automobiles | C30393 | Average sales less than KRW 150 billion | Average sales less than KRW 12 billion | |
| Manufacturing of rail vehicle seats among manufacturers of rail vehicle parts and related devices | C31202 | |||
| Manufacturing of aircraft seats among aircraft part manufacturers | C31322 | |||