[Asia Economy (Daejeon) Reporter Jeong Il-woong] The Innovation Marketplace marked its first anniversary on the 24th. Over the past year, the Innovation Marketplace has served as a single window for innovative procurement by discovering public demand.


According to the Public Procurement Service, the Innovation Marketplace was launched on February 24 last year as a government-wide innovative procurement platform. Its main role is to connect the innovative demands of citizens and public institutions with innovative products from companies and to support the initial market entry of these products through the operation of a dedicated mall for innovative products.


Currently, the Innovation Marketplace has 82,174 users, including 36,946 public institution officials and 45,228 procurement company employees. Users can carry out the entire process of innovative procurement within the Innovation Marketplace, from discovering demand for innovative products to purchasing them.


In particular, the Public Procurement Service has been promoting an advanced upgrade of the Innovation Marketplace system to improve its functions and has been providing new services such as public participation and support for innovative product sales channels since the 8th of last month.


The upgrade project focused on expanding users and enhancing convenience, strengthening sales channel support for innovative product companies, improving the operational environment of innovative procurement, and establishing new functions to support collaboration between related ministries and institutions.



Kang Shin-myeon, Director of the Purchasing Business Bureau at the Public Procurement Service, said, “This year is an important time when the paradigm of innovative procurement is shifting from a supplier-centered to a demand-centered approach. The Innovation Marketplace will serve as a hub as a single window for innovative procurement projects, enabling everything from raising innovative demand to discovering innovative technologies and products, as well as supporting companies’ domestic and international sales channels.”


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

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