Korea Federation of SMEs Holds the '1st Innovation Procurement Committee Meeting of 2022'

[Asia Economy Reporter Kwak Minjae] The Korea Federation of Small and Medium Business (KSMB) announced on the 21st that it held the '2022 1st Innovation Procurement Committee' at the KSMB headquarters in Yeouido, Seoul.

The Innovation Procurement Committee was launched by KSMB in April last year to identify current issues related to the innovation procurement system and to provide advice on key related matters. Kim Dong-woo, Chairman of the Korea Concrete Industry Cooperative Federation, serves as the committee chairman.

At the meeting, recent issues in the public procurement market, including the government's innovation procurement policy direction, were shared. The discussion also covered the direction of research projects aimed at enhancing the role of cooperatives in the public procurement market and preparing regulatory improvement measures.

The attending committee members unanimously agreed that, in line with recent changes in the public procurement policy environment emphasizing regulatory reform and innovation procurement, institutional improvement measures should be prepared to strengthen the role of cooperatives in enhancing the competitiveness of small and medium enterprises.

Chairman Kim Dong-woo stated, "This year, many issues have arisen in the public procurement sector in connection with various domestic and international environmental changes," and added, "At the committee level, we will strive to resolve major public procurement issues such as fair pricing in the public sector, activation of cooperative-recommended negotiated contracts, improvement of the unfair sanction system, and enhancement of the competition system among small and medium enterprises. We will also endeavor to strengthen the role of cooperatives in the procurement market to align with the purpose of innovation procurement policies."

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