Gyeonggi-do Surpasses 400 Billion KRW in Social Economy Enterprise Purchases... Record High

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province recorded a purchase performance of 400.1 billion KRW for 'social economy enterprises' last year. This represents an approximately 20% increase compared to the previous year, marking the highest level ever, and it achieved the initial year-end goal of 400 billion KRW one year ahead of schedule.

On the 16th, Gyeonggi Province announced that it finalized the priority purchase performance in the social economy sector?including certified and preliminary social enterprises, social cooperatives, village enterprises, and self-support enterprises?at 400.1 billion KRW last year.

This is a 20% increase compared to the 333.5 billion KRW priority purchase amount in 2020. It also means that the 400 billion KRW target set by the 7th Gyeonggi Province administration for 2022 was achieved one year earlier.

Looking at the performance by institution, Gyeonggi Province recorded 28.3 billion KRW, and by city/county: ▲ Seongnam City 79.6 billion KRW ▲ Hwaseong City 61.0 billion KRW ▲ Siheung City 31.9 billion KRW ▲ Namyangju City 25.0 billion KRW, in that order. The province excluded various subsidies, grants, and purchase performances of provincial investment and contribution institutions from this evaluation.

The province analyzed that this achievement was due to actively entrusting private consignment sectors such as events and services to social economy enterprises. Earlier in 2019, the province amended ordinances to expand participation of social economy organizations and implemented preferential policies such as awarding additional points.

Based on this achievement, the province raised this year’s purchase target to 450 billion KRW. To this end, it plans to hold a video conference with 24 public institutions under the province at the end of this month and conduct a public purchase consultation meeting involving public institutions and social economy enterprises in May.

Lee Hyun-ho, head of the Social Economy Division of the province, said, "This performance is significant as it was achieved despite difficulties in normal business operations due to COVID-19," and added, "Gyeonggi Province will continue to promote leading social economy policies to ensure that public purchase policies are well established."

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