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Scope of SME

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



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 8 billion or less
Primary metal manufacturing C24 KRW 12 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 (revised in July 2017)
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