Certificate of Women-Owned Business, 66.3% Issued for 'Public Procurement Bidding'

[Asia Economy Reporter Kim Cheol-hyun] It was found that 66.3% of the purposes for issuing the Women-Owned Business Certification were for "additional points and preferential treatment in public procurement bidding." On the 13th, the Women’s Economy Research Institute announced the results of a survey on the "Status of Public Procurement by Women-Owned Business Certification Issuers," conducted on a sample of 1,101 companies issued with the certification.

The main purpose for issuing the Women-Owned Business Certification was "additional points and preferential treatment in public procurement bidding," accounting for 66.3%, followed by "preferential treatment in support projects excluding public procurement" at 25.1%. 65.8% of companies responded that they had actual experience utilizing the Women-Owned Business Certification. The fields of utilization were highest in participation in public procurement (27.5%), application for SME policy funds (14.0%), and guarantee support such as technology guarantees and credit guarantees (10.6%).

Regarding experience with public procurement contracts, 278 companies (27.8%) responded that they had such experience, and from 2017 to the first half of 2019, the total number of contracts was 1,570, averaging 5.6 contracts per company.

This content was produced with the assistance of AI translation services.