Authorities Advanced Daejeon, the place the Public Procurement Service headquarters is positioned, is seen on this up to date photograph. Yonhap
The Public Procurement Service (PPS) has partnered with the Korea Commerce-Funding Promotion Company (KOTRA) to spice up Korean companies’ enlargement into abroad procurement markets, PPS mentioned Wednesday.
It mentioned a joint seminar was held at The Ambassador Seoul — A Pullman Lodge, attracting greater than 60 small and medium-sized enterprises (SMEs) to discover alternatives in round 190 international locations.
The seminar passed off as a part of a cross-ministry effort to decrease boundaries and improve cooperation for SMEs, which have comparatively fewer alternatives than bigger firms.
PPS operates beneath the Ministry of Economic system and Finance and is in control of procuring items and providers for all authorities businesses and state-run organizations.
KOTRA is a state-run firm liable for selling commerce and funding beneath the Ministry of Commerce, Business and Vitality.
The seminar was a follow-up occasion to final yr’s PPS-hosted International Public Procurement Market, the nation’s largest abroad procurement session truthful.
“The seminar is predicted to encourage extra Korean firms to enter abroad procurement markets and supply data on associated assist applications,” PPS mentioned.
Among the many applications highlighted had been G-PASS, a PPS-certified designation for promising and succesful SMEs aiming to enter the worldwide market, and monetary assist of as much as 40 million received ($27,000) for every newly G-PASS-labeled firm.
PPS additionally defined the important thing particulars of every program, the appliance procedures and the schedule for recruiting taking part firms.
As well as, officers from the PPS workplace in Beijing and the U.N.-affiliated Worldwide Commerce Centre (ITC) shared sensible data on coming into abroad markets, together with steerage on the Chinese language procurement system and utilizing the ITC system to assemble bidding data from different international locations.
KOTRA defined how SMEs can obtain assist by way of its abroad branches and world logistics applications.
