Public Procurement Service Surpasses 1,000 Designated G-PASS Companies

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The number of companies designated as promising enterprises for overseas procurement market entry (hereinafter G-PASS companies) has exceeded 1,000. G-PASS companies are small and medium-sized enterprises designated by the Public Procurement Service (PPS) to support their entry into overseas procurement markets, selected from procurement companies with excellent quality and technology of procurement goods.

On the 22nd, the PPS announced that it designated 59 companies as 4th quarter G-PASS companies at the Seoul Regional Procurement Service and presented designation certificates.

The list of newly designated G-PASS companies included many innovative procurement companies such as access security solutions, wide-angle facial recognition terminals, and speed block metal panels.

The designation of G-PASS companies began in 2013, and a total of 1,022 companies have been designated by the end of this year. The number of designated companies has surpassed 1,000 in eight years.

The PPS observes that as the number of designated G-PASS companies increases every year, the interest of domestic medium and small procurement companies in entering overseas procurement markets is also rising.

Kim Jung-woo, Administrator of the PPS, said, “Despite the difficult external export environment caused by COVID-19, G-PASS companies achieved exports of $1.02 billion this year, an increase of 68.5% compared to $600 million last year. The PPS will continue to strengthen support projects so that G-PASS companies can actively knock on the doors of overseas procurement markets and contribute to the leap forward of the domestic economy.”

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