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Statistical Classification Workshop 14-16 Oct. 2003 New Delhi India THE KOREAN STANDARD INDUSTRIAL CLASSIFICATION Mr. Hong Byong Surk Korean National Statistical Office KSIC KOREAN STATISTICAL INDUSTRIAL CLASSIFICATION HISTORICAL BACKGROUND AND REVISION The Korean Standard Industrial Classification KSIC was introduced based on the original 1958 version of the ISIC in 1963. One is basically selected and rearanged by Korean industrial classificatio...
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How to fill out Korean Standard Industrial Classification:

01
Visit the website of the Korean Standard Industrial Classification (KSIC).
02
Familiarize yourself with the different industry categories and sub-categories listed in the KSIC.
03
Identify the industry category that best fits your business or organization.
04
Determine the specific sub-category within the chosen industry category that accurately represents your business activities.
05
Note the corresponding numerical code for the chosen sub-category.
06
Complete any required forms or applications by entering the KSIC numerical code for your chosen industry sub-category.
07
Provide any additional information or documentation as requested by the form or application.

Who needs Korean Standard Industrial Classification:

01
Businesses and organizations operating in South Korea.
02
Economic researchers and analysts studying industry trends and performance in South Korea.
03
Government agencies and regulatory bodies for statistical and administrative purposes.
04
Investors and financial institutions assessing the viability and potential risks of investing in specific industries in South Korea.

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The Korean Standard Industrial Classification (KSIC) is a system used in South Korea to classify businesses and industries based on their primary economic activities. It provides a standardized framework for organizing and categorizing various industries and is used for statistical and administrative purposes.
All businesses operating in South Korea are required to file the Korean Standard Industrial Classification (KSIC) when registering their company. This includes both domestic and foreign companies, as well as sole proprietorships and partnerships.
To fill out the Korean Standard Industrial Classification (KSIC), businesses need to identify their primary economic activity and select the corresponding code from the classification system. This code is then used for reporting and administrative purposes. The classification system is available online and can be accessed through the relevant government agencies or websites.
The purpose of the Korean Standard Industrial Classification (KSIC) is to provide a standardized and systematic framework for classifying businesses and industries in South Korea. It helps in collecting and analyzing statistical data, facilitating economic planning and policy-making, and promoting efficient administration and communication between government agencies and businesses.
When filing the Korean Standard Industrial Classification (KSIC), businesses are required to report their primary economic activity along with the corresponding code. Additional information may be required depending on the specific registration or reporting requirements of the relevant government agencies.
The deadline to file the Korean Standard Industrial Classification (KSIC) in 2023 may vary depending on the specific registration or reporting requirements of the relevant government agencies. It is recommended to refer to the official guidelines and notifications provided by these agencies for the specific deadline.
The penalty for the late filing of the Korean Standard Industrial Classification (KSIC) may vary depending on the specific laws and regulations of South Korea. It is advised to consult with the relevant government agencies or legal professionals for accurate and up-to-date information on penalties and consequences incurred for late filing.
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