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Table 4 Annual sales and their proportion of SMEs for the chosen subclasses (2010)

From: Study for selection of industrial areas suitable to small and medium-sized enterprises (SMEs) in Korea

KSIC code Subclass in the manufacturing sector of KSIC Annual sales (Million won) Proportion of SMEs (%)
24121 Manufacture of hot rolled, drawn, and extruded iron or steel products 6,425,208 23
24132 Manufacture of pipes and tubes of non-cast iron or steel 13,902,211 22
24191 Manufacture of guilt, coloration, surface processing steel materials 2,162,861 24
24211 Manufacture of smelting, refining, and alloys of copper 8,945,571 6
24221 Manufacture of rolled, drawn, and folded products of copper 6,033,576 26
24222 Manufacture of rolled, drawn, and folded products of aluminum 7,151,018 34
26110 Manufacture of electronic integrated circuits 6,346,772 27
26120 Manufacture of diodes, transistors, and similar semi-conductor devices 24,335,270 13
26211 Manufacture of liquid crystal flat display boards 51,354,130 4
26221 Manufacture of printed circuit boards 6,579,265 44
26422 Manufacture of mobile phone 148,261,264 0.4
26511 Manufacture of television 2,972,917 21
30121 Manufacture of passenger motor vehicles 80,394,434 0.01
30310 Manufacture of parts and accessories for motor engines 9,379,206 32
30320 Manufacture of parts and accessories for motor vehicle body 9,071,525 59
30391 Manufacture of power transmission for motor vehicles 6,849,358 31
30392 Manufacture of electrical equipment for motor vehicles 1,446,523 50
  1. The selected subclasses showed high annual sales among all subclasses contained in the top 3 divisions with the largest annual sales in Table 3 (2010): (1) Manufacture of electronic components, computer, radio, television, and communication equipment and apparatuses (17.98 %, KSIC code 26), (2) Manufacture of motor vehicles, trailers, and semitrailers (10.39 %, KSIC code 30), and (3) Manufacture of basic metal products (10.11 %, KSIC code 24)
  2. In Korea, to be recognized as a SME in the manufacturing sector, the number of employees should be less than 300 people (Application of the Basic Law for SMEs of Korea from 2010 to 2012)
  3. Data source: Analysis of market concentration, KISTI Market Analysis and Prediction System (K-MAPS) (http://kmaps.kisti.re.kr)
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