How to Check a Korean Supplier's Real Size

BTSDB Guide · Business — headcount claims against public records

200 STAFF, ON PAPER 4컷
1 We employ 200 people
The supplier presents itself as a large manufacturer.
2 What do the records say?
Korean insurance and pension agencies publish workplace headcounts.
3 Three insured workers
The registered workplace shows a handful of employees.
4 Time for a direct question
Ask which entity employs the staff before signing anything.
The short version — Korean employers must enrol staff in workers' compensation insurance and the national pension. Both agencies publish how many people each workplace has enrolled, so a claim about company size can be compared with a record.

"We are a manufacturer with 200 employees" is easy to write on a website. In Korea it is also easy to test, because a business that employs people leaves a trail in two public datasets. Neither is a full company profile, but together they show whether the scale you were told about is plausible.

The two records
Workers' Compensation & Welfare ServiceNational Pension Service
What it countsWorkers covered by employment and industrial-accident insurance at the workplaceEmployees enrolled in the national pension at the workplace
Also showsRegistered workplace name, address, date coverage beganTotal monthly pension contribution billed
Who is includedPractically every employee, including part-timeEmployees aged 18–59; very short-hours staff are excluded
Shown on BTSDB whenThe business number has an insured workplaceA pension workplace matches the registered company name
Reading the numbers
What you seeLikely meaning
Headcount close to what the supplier saidThe claim is consistent with the record
Far fewer than claimedStaff may be employed by another entity, or the claim is inflated. Ask which company employs the workers
No insured workplace at allA sole proprietor working alone, or a business with no employees
A long-established start dateThe workplace has been insured for years, which supports a claim of long operation
Pension count much lower than insurance countMany part-time, older or short-tenure workers
Estimated average pay

The pension record gives the total monthly contribution. Dividing it by the number of subscribers and by the contribution rate (9.5% of pensionable pay in 2026, split equally between employer and employee) gives an estimate of average monthly pay. BTSDB labels this figure as an estimate, because it is one.

Two limits matter. Pensionable pay is capped at KRW 6.59 million a month, so the estimate understates pay at firms with many high earners. And it is an average: a company with a few executives and many junior staff can show the same number as one with uniform mid-level pay.

Where this check falls short
Putting it to use
1
Look up the supplier's business registration number in the checker and confirm it is Active.
2
Note the insured headcount and the date coverage began.
3
If pension data is shown, note the subscriber count and the estimated average pay.
4
Compare these with what the supplier told you about staff numbers and years in business.
5
If they differ widely, ask a direct question: which legal entity employs your production staff, and what is its registration number?

For financial strength, ownership and liabilities you need documents rather than open data — the corporate registry extract and, for larger deals, financial statements. See how to read a corporate registry extract.

General information, not legal or tax advice. Data shown by BTSDB comes from official Korean government open-data services.

Frequently asked questions
Can I see how many employees a Korean company has?

For most employers, yes. The workers' compensation agency publishes the number of insured workers per workplace, and the pension service publishes the number of pension subscribers.

Why does the lookup show no employee data for my supplier?

A business with no employees has no insured workplace. It can also happen when the pension workplace name does not match the registered company name, in which case BTSDB shows nothing rather than risk showing another company's data.

How is the estimated average salary calculated?

The total monthly pension contribution is divided by the number of subscribers and by the contribution rate. Because pensionable pay is capped, the result understates pay at high-salary firms.

The headcount is much lower than the supplier claimed. Is it a scam?

Not necessarily. Staff may be employed by a related company or by subcontractors. Ask which entity employs them and look up that entity's number.

Does headcount tell me whether the company is financially sound?

No. It shows scale of employment only. Revenue, profit and debt require financial statements or a credit report.

Sources
Related guides