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[Monitor] Employment drops at SMEs, rises at conglomerates

Changes in No. of employees at large firms, SMEs

According to the Korea Small Business Institute and Statistics Korea, the number of employees at small and medium-sized enterprises marked 24.314 million in September, which was 436,000 fewer than a year prior.

The number of employees at SMEs continued to drop on-year for the past seven months, largely due to the economic slowdown upon the COVID-19 pandemic.

The number of employees at large firms, on the other hand, increased 44,000 in September from to a year prior to reach 2.698 million.

By company, employment at Samsung Electronics increased 1,608 as of the end of June compared to a year ago. The number increased by 210 at Hyundai Motor and 841 at SK hynix.