Gyeongnam Province and 18 Cities and Counties Promote Activation of Public Procurement of Small and Medium Enterprise Products

Gyeongsangnam-do held a meeting of the Public Procurement Agency Council for Small and Medium Enterprise Products with 18 cities and counties within the province. [Image source=Gyeongsangnam-do]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gyeongsangnam-do announced on the 7th that it held a meeting of the Public Procurement Institution Council for Small and Medium Enterprises (SMEs) Products.

At the meeting, the governor's commendation was awarded to two public officials who contributed to the activation of public procurement of SME products last year.

Following this, the 2021 public procurement plans and SME support policies by local governments were reported, and measures to support SMEs in the province through the activation of public procurement were discussed.

In addition, the newly established mandatory purchase rate system for startup company products by public institutions (8% of total purchase amount) starting this year was promoted, and city and county governments were requested to assist startups facing difficulties in securing sales channels to enter the public sector.

Gyeongnam Province and 18 cities and counties set the public procurement target amount for SME products this year at 3.6617 trillion won (92.3% of total purchase amount), and as of the end of June, recorded 2.1055 trillion won, achieving 58% of the target amount.

Sung Heung-taek, Director of the Small and Medium Venture Business Division, said, "SMEs are having difficulties securing sales channels due to COVID-19," and added, "Gyeongnam Province and 18 cities and counties will strive to increase public procurement of SME products to help SMEs secure sales channels."

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