Public Procurement Service Supports K-Quarantine Integration... $12.08 Million Export Contract for Masks and More

Four domestic companies signed export contracts worth approximately 56.5 billion KRW with U.S. procurement suppliers on the 19th through the online "K-Quarantine Overseas Procurement Market Entry Integrated Support Project." Photo by Public Procurement Service

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Public Procurement Service's K-Quarantine support project is serving as a catalyst for domestic companies to enter the overseas procurement market.

The Public Procurement Service announced on the 19th that since last year, domestic procurement companies have signed export contracts worth $12.08 million (133 billion KRW) through the 'K-Quarantine Overseas Procurement Market Entry Integrated Support Project' and the 'K-Quarantine Online Nara Marketplace Expo.'

Procurement companies participating in the support project mainly exported (contracted) seven items such as masks, non-contact thermometers, and face shields to six countries including the United States, Qatar, and Egypt, thereby expanding their overseas sales channels.

Among them, masks worth $5.6 million (6.2 billion KRW) were exported to the United States last year alone. This is attributed to the increased popularity of Korean-made KF94 masks following the inauguration of the Biden administration in the U.S.

In particular, on the 19th, four procurement companies achieved the result of signing export contracts worth $5.65 million (6.2 billion KRW) with U.S. procurement suppliers.

Through the contracts, domestic companies will supply four items?cotton masks ($4.36 million), non-contact thermometers ($520,000), dental masks ($450,000), and face shields ($320,000)?to the Washington D.C. government and the state governments of Virginia, Florida, and Maryland via U.S. procurement suppliers.

Lee Sang-yoon, Planning and Coordination Officer at the Public Procurement Service, said, “The K-Quarantine company title recognized by the government appears to have played a key role in overseas export contracts,” adding, “The Public Procurement Service will continue to discover excellent domestic companies and spare no support to enable many companies to enter the overseas procurement market under the K-Quarantine title.”

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