SMEs "Activate the Contract Recommendation System for Private Contracts"... Meeting with the Public Procurement Service Administrator

Exterior view of the Korea Federation of Small and Medium Business Associations

[Asia Economy Reporter Kim Daeseop] The Korea Federation of SMEs announced on the 14th that it will hold a meeting by inviting Jeong Mugyeong, Administrator of the Public Procurement Service, in celebration of SME Week.

The meeting will be held at 4:30 PM at the Korea Federation of SMEs in Yeouido, Seoul. The SME sector will propose 24 improvement measures related to procurement contract systems to revitalize vitality through public procurement, including ▲activation of the cooperative-recommended negotiated contract system ▲shift to procurement policies centered on appropriate pricing ▲relaxation of administrative sanctions to overcome disasters.

Kim Gimuon, Chairman of the Korea Federation of SMEs, said, "Due to the COVID-19 crisis, the basic strength of SMEs and small business owners has been depleted, and despite the government's full-scale response, many voices from the field say that the effects are not felt," adding, "The Public Procurement Service should ease sanctions on minor issues through proactive administration to create an opportunity for many public procurement SMEs to contribute to our economic recovery."

Administrator Jeong Mugyeong said, "We are paying more attention than anyone else to the crisis faced by SMEs and small business owners in the current situation," and added, "We will do our best to resolve difficulties by mobilizing all capabilities of the Public Procurement Service to prevent national losses caused by excellent SMEs closing due to the COVID-19 crisis."

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