HUG Selected as an 'Outstanding Institution for Procurement Service Use in 2022'

HUG and officials from the awarding organization are taking a commemorative photo at the Busan Regional Public Procurement Service on the 5th.

[Asia Economy Reporter Kim Min-young] The Housing and Urban Guarantee Corporation (HUG) announced on the 6th that it was selected as an 'Excellent Institution in Procurement Service Usage' for 2022 in recognition of its contribution to the development of public procurement projects.

The Excellent Institution in Procurement Service Usage is selected through a comprehensive evaluation of institutions with outstanding performance in using the Public Procurement Service or those whose performance has increased compared to the previous year, considering their contribution to the development of procurement projects.

HUG achieved procurement usage performance of 39.9 billion KRW last year, an increase of 142% compared to the previous year. In recognition of its contribution to the development of procurement administration, it was selected as an excellent institution for 2022 and received a plaque and a commendation from the Director of the Busan Regional Public Procurement Service on the 5th.

Lee Byung-hoon, Acting President of HUG, said, "As a result of expanding public purchases by reflecting temporary contract exceptions to support the weakened livelihood economy, we achieved the highest procurement contract performance since the corporation's transition in 2022," adding, "HUG will continue to strive to contribute to the development of procurement administration and the revitalization of the local economy."

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