In 2022, around 456.4 thousand new businesses were established in the wholesale and retail trade sector, making it the largest sector for startups in South Korea. This was followed by the real estate and accommodation and food services sectors, with about 205.8 thousand and 156.5 thousand new startups respectively.
Number of new businesses in South Korea in 2022, by business sector (in 1,000s)
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Statistics
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Ministry of SMEs and Startups. (March 3, 2023). Number of new businesses in South Korea in 2022, by business sector (in 1,000s) [Graph]. In Statista. Retrieved May 13, 2024, from https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of new businesses in South Korea in 2022, by business sector (in 1,000s)." Chart. March 3, 2023. Statista. Accessed May 13, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. (2023). Number of new businesses in South Korea in 2022, by business sector (in 1,000s). Statista. Statista Inc.. Accessed: May 13, 2024. https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups. "Number of New Businesses in South Korea in 2022, by Business Sector (in 1,000s)." Statista, Statista Inc., 3 Mar 2023, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/
Ministry of SMEs and Startups, Number of new businesses in South Korea in 2022, by business sector (in 1,000s) Statista, https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/ (last visited May 13, 2024)
Number of new businesses in South Korea in 2022, by business sector (in 1,000s) [Graph], Ministry of SMEs and Startups, March 3, 2023. [Online]. Available: https://www.statista.com/statistics/718097/south-korea-number-of-start-ups-by-business-area/