Little information on the phytoplankton community in the Yellow Sea (YS)—especially size-fractionated phytoplankton—is currently available, in comparison to the various physicochemical studies in the literature. Using high-performance liquid chromatography (HPLC), size-fractionated phytoplankton communities were seasonally investigated in the YS in 2019. In the study period, diatoms (55.0 ± 10.2%) and cryptophytes (16.9 ± 9.3%) were the dominant groups. Due to the recent alteration in inorganic nutrient conditions reported in the YS, the contribution of diatoms was lower than in previous studies. The large-sized phytoplankton group (>20 µm) was dominated mostly by diatoms (89.0 ± 10.6%), while the small-sized phytoplankton group (<20 µm) was also dominated by diatoms (41.9 ± 9.1%), followed by cryptophytes (19.2 ± 9.8%). The contributions of small-sized diatoms (<20 µm) have been overlooked in the past, as they are difficult to detect, but this study confirms significant amounts of small-sized diatoms, accounting for 62.3% of the total diatoms in the YS. This study provides an important background for assessing the seasonal variations in different-sized diatom groups in the YS. Further detailed studies on their potential ecological roles should be conducted, in order to better understand marine ecosystems under future warming scenarios.