Starting from the second half of next year, new businesses will also be able to enter the military supply market

Fair Trade Commission Agrees with Relevant Ministries to Improve 32 Anti-Competitive Regulations

[Sejong=Asia Economy Reporter Joo Sang-don] From the second half of next year, the performance criteria for military supply bids will be relaxed, allowing new businesses with insufficient performance to enter the military supply market.

On the 23rd, the Fair Trade Commission announced that it had prepared improvement measures after consulting with the relevant ministries for a total of 32 competition-restrictive regulations.

The task discovery was carried out based on reviewing institutional improvement matters identified during the Fair Trade Commission's case handling process through market analysis results, as well as collecting opinions from policy demanders such as business associations and experts. It was decided to improve these through consultations with the relevant ministries and coordination meetings with the Office for Government Policy Coordination.

First, six regulations and systems that cause various unfair practices such as collusion will be improved. Going forward, when bidding for military supplies, the qualification review criteria that determine the successful bidder based on performance capability and bid price scores, similar to general goods, will be applied, and the performance criteria for manufacturing bids will be relaxed from 10 points to 5 points. This will allow new businesses with insufficient performance to enter the military supply market, and the Fair Trade Commission expects that the possibility of collusion among a few existing military supply companies will decrease.

Additionally, to ensure that egg transaction prices are transparently formed according to market supply and demand, an egg auction market will be established, introducing an online and offline bidding method (highest bid wins), and transaction prices will be publicly announced.

Seven tasks aimed at promoting competition and inducing employment will also be improved. In some local governments and education offices, appraisal work related to public property, which could only be performed by appraisal corporations, will now be allowed to be performed by individual appraisers. Furthermore, environmental label certification work and medical device quality manager training, which have been monopolized by single institutions, will be allowed to be performed by multiple private institutions meeting certain designated requirements, thereby introducing competition principles into these markets.

A Fair Trade Commission official stated, "We will regularly inspect and manage the implementation status of the 32 tasks agreed upon for improvement with the relevant ministries and agencies," adding, "We plan to continuously discover and improve regulations that restrict competition in the future."

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